Did you know that 1 in 3 women and 2 in 5 men have a chance of developing a critical illness in their lifetime? (1) The good new is many will recover! Many of us have witnessed how a serious illness can affect a family – how it can derail financial security, retirement planning or […]
You’ve worked hard throughout your lifetime and this hard work has finally paid off. Perhaps you’ve accumulated assets beyond even those that you may need to enjoy a carefree and relaxed retirement that will eventually be passed on to your heirs. However, some of these assets can result in a tax liability upon your death, […]
Everywhere you go Take a look at your T5 and T4, or you may soon be poor With all the taxes at your door. It’s that lovely time of the year when everyone is full of cheer (the 2020 brand of cheer, that is!) And now, tax season is just around the corner. But that’s […]
There was a recent time when the expression “travel bug” meant nothing more than an enthusiasm for travel, a need to explore and see the world. Since COVID-19, this term has taken on a far more ominous meaning as the majority of travel has come to a grinding halt and many cannot even risk seeing […]
It’s an understatement for me to declare what you already know: 2020 has been a strange year, by all standards. We have watched the world around us collapse in some areas and remake itself in others. It has morphed from what was normal to a new normal, with both negative and positive changes. Its impact […]
Last week I wrote to the BC Health and Finance Ministers asking them to take action to force Canadian Life insurance companies doing business in BC to accept fluid test results provided by insurance customers. Read our May 22 blog post for more details here. Being a cynic at times, I think about the potential […]
Canadian life insurance companies’ refusal to accept test results shows a lack of leadership in the insurance industry and puts Canadians at risk of being underinsured. They say they are trying to keep Canadians safe but we don’t buy it. We have written to the BC Finance Minister and the Minister of Health for their help to force insurance companies to accept test results that British Columbians will […]
The following Bulletin was released by the BC Financial Services Authority (BCFSA) on May 4, 2020 and updates the BCFSA’s position on the donation of life insurance policies to registered charities. This bulletin clarifies the Authority’s position after the surprise announcement in November of 2019 that the BCFSA prohibits the donation of life insurance policies […]
When the value of business has declined, the timing may be right for an estate freeze…. During these unprecedented times, the value of your private corporation or other assets may have dropped 10%, 20%, 30% or more. While this result is very challenging, it may be the right time to take advantage of the lower […]
We are excited to officially welcome Nikki to the Cove team! Christie and I are thrilled to have someone from our next generation within the family want to pursue insurance as a career. Knowing Nikki as we do, we are confident she’ll do spectacularly well. She has the potential to not only earn a good […]
If you have been negatively impacted by the COVID-19 pandemic and would like temporary relief from paying insurance premiums, please call your insurance company and ask for help. Several major insurance companies have published guidelines, outlining the help that is available, and we believe that most insurance companies will offer similar relief upon request. Below […]
This week, we’ve talked with several major insurance companies regarding their response to the current COVID-19 crisis. Our hope is that they will announce measures to provide policy holders with financial relief regarding their insurance premiums. This will be of importance to all our clients. We have presented several relief options to multiple carriers, and […]
I am writing to share what I have discovered about Coronavirus protocol in BC. One of the things about the Corona virus situation is that there is very little information about what we should actually do if we come down with flu like symptoms. Do we immediately go to our doctor, is there a testing […]
No matter how hard we try we will always contribute to the creation of carbon in our atmosphere. It is a fact of life. The growth of food, driving cars, building buildings and roads, the list goes on and on. Everyone at Cove is concerned about the footprint we leave behind during our lives […]
Every year, B Lab recognizes the top-performing B Corps worldwide creating the greatest impact through their businesses. Honorees are recognized for having the highest environmental, community, customer, worker and overall impact by earning a score in the top 10% on the B Impact Assessment, as well as a list recognizing B Corps with the greatest […]
