Insurance plays a critical role in financial planning, yet many Canadians don't fully understand how much coverage they need or what types of protection are available.
In this episode of The Wealthy Life, Sybil Verch interviews insurance specialist Jacqueline Knoblauch about life insurance, disability insurance, critical illness coverage, estate planning strategies, tax-efficient wealth transfer, and insurance solutions for business owners.
The discussion explores:
Term life insurance vs permanent life insurance
Mortgage insurance compared to personally owned coverage
Disability insurance and income protection
Critical illness insurance and living benefits
Estate planning with insurance
Tax-efficient wealth transfer strategies
Business succession and shareholder protection
Key person insurance
Corporate-owned insurance
Insurance planning for families and entrepreneurs
Whether you're a young family starting out, a professional building wealth, or a business owner preparing for the future, this episode provides practical insights to help you make informed decisions about protecting your financial future.