Ask an incorporated professional what their most valuable asset is and most will point to the house, the practice, or the investment portfolio. They are wrong. The most valuable asset is the income itself. Do the math. A professional earning $250,000 a year from age 40 to age 65 will earn $6.25 million over a…
Buying Life Insurance Later Costs You More: Why the Cheapest Day Is Today “I’ll buy life insurance when I’m older and actually need it.” I hear this more than almost anything else in my work. It sounds like common sense. Why pay for something you do not need yet? The problem is that life insurance…
What is Group Life Insurance? Group life insurance is a policy that covers an entire group of people, often employees of a company or members of an organization. The employer or organization holds the master policy, while individual employees or members receive certificates of insurance. This type of insurance is typically offered as part of…
Living with diabetes shouldn’t hinder Canadians At Abrams Insurance, we understand the unique challenges individuals with diabetes face when seeking insurance. That’s why we’re proud to introduce a tailored life insurance product designed specifically for Canadians living with diabetes. Our goal is to provide solutions that offer a higher chance of approval, affordable premiums, and…
As a new parent, ensuring the financial security of your child is a top priority. While traditional methods like Registered Education Savings Plans (RESPs) have long been considered, there’s another avenue worth exploring: whole life insurance from Abrams Insurance. Let’s delve into why it’s a valuable investment for your child’s future and how it compares…
As we step into April 2024, the landscape of life insurance continues to evolve, reflecting changes in consumer behavior, technological advancements, and economic factors. At Abrams Insurance, we are committed to keeping you informed and prepared for the future. This blog post explores the key life insurance trends expected to shape the industry in April…
In 2023, Toronto witnessed a range of events that serve as powerful reminders of life’s unpredictability. From personal tragedies to financial scams, these incidents highlight the critical importance of life insurance. Here’s a closer look at five such events and how life insurance could provide a safety net in similar situations. Navigating Financial Loss from…
As we approach the end of the year, many of us are reflecting on our achievements and setting goals for the future. As the President of Abrams Insurance and a friend to many, I often engage in conversations about financial health, especially the importance of life insurance. With the new year just around the corner,…
Many businesses in Ontario are unaware of the tax advantages associated with employee benefit premiums. Understanding this can significantly impact a company’s financial strategy and employee satisfaction. This article explores how businesses can leverage these tax benefits to foster a stronger workforce and optimize financial management. What are Employee Benefit Premiums? Employee benefit premiums refer…
As we approach the festive season, businesses are seeking innovative ways to reward their employees. Amidst this quest, group benefits emerge as a unique and meaningful gift – a gesture that resonates far beyond the holiday cheer. At Abrams Insurance, we specialize in crafting these group benefit solutions, ensuring your team feels valued not just…