Blog


Shared Ownership Critical Illness

17 June 2021
Shared Ownership refers to a concept where more than one party owns an interest in an insurance policy.  The most common of these arrangements is where the corporation is the owner and beneficiary of the death benefit and the shareholder or employee owns the cash value of the policy.  Recently there has been growing interest in applying this strategy to a Critical Illness policy.  Although the CI policy does not have cash value, there is usually an option to have a Return of premium (ROP) in...

Choosing a less stressful RRSP strategy

10 June 2021
Ask any Canadian these days to name their number one concern regarding their retirement savings plan and they'll likely say security.  Since the start of the global financial crisis and subsequent recession, people are looking for reliable ways to grow their nest egg.   One option is the Guaranteed Lifetime Withdrawal Benefit (GLWB) product. It is an investment solution that works like a mutual fund and offers guarantees.   How does the GLWB make retirement less stressful? Deposits are d...

Why small businesses are making it their business to investigate life insurance

03 June 2021
You are a sole proprietor or a single shareholder in your company. While from a physical standpoint you may consider your business to be small, when it comes to success your results may be exponentially greater. There are over 1,100,000 small businesses in Canada – clearly this sector is booming! The benefit of being small to midsized is that your business may avoid a lot of the technical formalities of a larger corporation. Life Insurance, however, should not be one of these! No matter your...

How your Life Insurance can Help your Favorite Charity

27 May 2021
The gifting of life insurance to registered charities has always been a popular method for individuals to fulfill their philanthropic goals, and worth considering when it comes to a charity that is near and dear to your heart. There are basically two options when donating life insurance to a charity: donate a policy while one is alive or make the registered charity a beneficiary of the policy. The option selected will depend on many factors. If you make the charity a beneficiary of your lif...

Preparing a House for Sale

20 May 2021
When preparing a house for sale, often times the last thing on your mind is whether the future buyer of your home will be able to insure it or not.  Consider the following tips to ensure a smooth transition for your next sale:   Electrical Wiring Type Insurance companies are becoming increasingly stricter when it comes to the size and type of your electrical panel and, more importantly, the electrical wiring type.  For years, knob and tube electrical wiring has been a no-no for insurer...

How Insurance Provides Security – and Opportunity – for your Business

13 May 2021
Your life, your family and your business deserve protection and if you’re a business owner, insurance can provide that security in a number of ways that may surprise you. It can also provide opportunity to help build assets – and your business – in a tax-effective way for your retirement or estate plan. The Purchase of Shares If you have one or more shareholders in your business, consider insurance when it comes to your Shareholders’ Agreement. In the event of the death or disability of a s...

Debt Reduction Essential for Boomers

06 May 2021
Financially speaking, you're feeling pretty good about yourself. The taxes are filed and the refund should be deposited into your account in a couple of days. Like every year, you're going to reinvest it: some into the RRSP, some in the TFSA and the balance into an RESP account. As a bonus, your debt is manageable and you're fast-tracking your mortgage payments. Give yourself a round of applause because you are a financial champion! Sure you are — in a perfect world. But the truth is that l...

Planning tips for a financially secure retirement

25 March 2021
When people think about retirement planning, they tend to only focus on retirement savings and RRSPs. This is not surprising because it's hard to imagine what life might be like in 20 or 30 years. But there's more to retirement planning than just saving money. For example, some new retirees are caught off guard when they realize that they are no longer covered by their group insurance coverage. One way to avoid these types of surprises is by thinking about what your values and lifestyle may b...

Essential tips for mature workers

25 March 2021
For several years now, studies have shown that the Canadian labour force is shrinking. In fact, some conclude that we're now in a crisis situation. As a result, many older workers who would otherwise be retired have chosen to keep working. For some, it offers new challenges and a way to stay vital and sharp. But for others, it's a chance to ensure that they have considered all their financial needs for a successful retirement.Three easy stepsRetirement tends to span up to 30 years for the ave...

Do You Need Individual Life Insurance?

25 March 2021
Canadians may need to rethink their risk managementIn a recent study conducted by the Life Insurance and Market Research Association (LIMRA), it was reported that 61% of Canadians hold some form of life insurance.  Surprisingly, it also revealed that only 38% of Canadians own an individual life insurance contract.In another study of middle class Canadians, Manulife reported that 79% had no individual disability insurance and 87% had no individual critical illness coverage.What both of these s...

101 Main Street North
Dauphin, MB  R7N 1C1 
Phone: 204.622.7600   
Fax: 204.622.7601

Hours of Operation: 
Monday to Friday 8:30am - 5:00pm   
Saturday 9:00am - 1:00pm 

443 Main Street
Grandview, MB  R0L 0Y0 
Phone: 204-546-2667    
Fax: 204-546.2624
 
Hours of Operation: 
Monday to Friday 9:00am - 4:30pm 
(Closed 12:30 -1:30)

Financial Services Division
103 Main Street North
Dauphin, MB R7N 1C1  
Phone: 204.622.7640  
Fax: 204.622.7615

Hours of Operation: 
Monday to Friday 8:30am - 5:00pm   

NOTE: Love & Persson Group is closed on Stat Holidays.  There may be a limited amount of other days we are closed.  These days will be posted on our door as a notice.  Alternatively, if you are uncertain, please call our office to confirm.

“MUTUAL FUNDS ARE DISTRIBUTED THROUGH DESJARDINS FINANCIAL SECURITY INVESTMENTS INC. LIFE AND HEALTH INSURANCE PRODUCTS ARE PROVIDED THROUGH LOVE & PERSSON GROUP. LIFE AND HEALTH INSURANCE PRODUCTS AND SERVICES ARE NOT AVAILABLE THROUGH DESJARDINS FINANCIAL SECURITY INVESTMENTS INC. (DFS INVESTMENTS) NOR ARE THE INSURANCE PLANS OR SERVICES AVAILABLE AND/OR OFFERED, SUPERVISED OR REVIEWED BY DFS INVESTMENTS. DFS INVESTMENTS IS THE MUTUAL FUND DEALER THROUGH WHICH MUTUAL FUND PRODUCTS AND SERVICES ARE PROVIDED.”
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