An overview of savings accounts, their benefits, and how they function in the world of finance.
A sinking fund is a financial strategy that helps companies set aside money over time to manage and pay off debt, like a superhero saving the day at its maturity.
A SERP is a non-qualified retirement plan providing additional benefits to high-level employees beyond standard retirement plans.
A provision allowing taxpayers to use a loss from one year to offset income in future years.
A tax shelter is a legal means to reduce your tax liabilities, as joyous as finding a dollar in last winter's coat pocket!
Investments and financial accounts with favorable tax status.
A Canadian savings account that allows contributions and earnings to grow tax-free.
An overview of Term Life Insurance with a humorous twist.
The traditional Individual Retirement Account: a tax-deferred vehicle for retirement savings.
Understanding the concept of a triggering event in financial contracts.
Understanding Underinsurance: Navigating the Risks of Insufficient Coverage
An insightful and humorous look at the role of product portfolios in corporate financial planning.
The unlimited marital deduction allows an individual to transfer an unrestricted amount of assets to their spouse free from tax, making estate and gift taxes as absent as your neighbor’s lawn care on a Saturday!
An insurance policy that reimburses for the loss of important documents, but not the documents themselves!
A delightful dive into the magical world of vanishing premium life insurance.
Annuity payments that can vary based on investment performance - where the only thing fixed is the uncertainty of your future earnings!
A permanent life insurance product that allows policyholders to invest in a variety of separate accounts.
Understanding the delightful yet complex world of Variable Survivorship Life Insurance
Definition and insights on Vested Benefit Obligation (VBO), an important concept in pension fund liabilities.
A Viator is a life insurance policyholder who sells their policy to receive money while still alive, motivated by medical expenses.
A comprehensive service addressing the financial needs of the wealthy.
An insurance product providing lifelong annuity payments starting from the first period.
Understanding withdrawal penalties and their financial impact
