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Complete FAQ
A collection of Frequently Asked Questions.
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Are Critical Illness Insurance payouts taxable in Canada?
Critical Illness Insurance
Are Employee Group Benefits mandatory for Canadian employers?
Employee Group Benefits
Are Indexed Universal Life Insurance (IUL) or Variable Universal Life Insurance (VUL) policies available in Canada?
Universal Life Insurance
Are Lifestyle Spending Account (LSA) funds taxable to the employee?
Lifestyle Spending Accounts
Are employer contributions to a Group Retirement Plan mandatory in Canada?
Employee Group Retirement
Are life insurance premiums tax-deductible in Canada?
Life Insurance
Are medical questions or exams required to apply for critical illness insurance?
Critical Illness Insurance
Are medical questions required when applying for permanent life insurance?
Permanent Life Insurance
Are pre-existing conditions covered by travel insurance?
Emergency Travel Medical Insurance
Are premiums for Buy-Sell Insurance tax-deductible in Canada?
Buy-Sell Insurance
Are segregated funds a good choice for estate planning?
Segregated Funds
Are segregated funds protected from creditors?
Segregated Funds
Are there limits to the amount Global Medical Care plans can pay?
Global Medical Care
As an independent insurance broker, do you offer products from multiple insurers?
Garrett Agencies
Can Business-Owned Disability Insurance be customized?
Business Owned Disability Insurance
Can Buy-Sell Insurance cover multiple partners in a Canadian business?
Buy-Sell Insurance
Can I access the cash value in my Participating Life Insurance policy?
Participating Life Insurance
Can I add a secondary beneficiary to my life insurance policy?
Life Insurance
Beneficiary
Can I convert my Engineers Canada Term Life coverage to an individual policy?
Engineers Canada Term Life
Engineers Canada
Can I extend my emergency travel medical insurance coverage?
Emergency Travel Medical Insurance
Can I get life insurance with a pre-existing medical condition?
Life Insurance
Can I get my premiums back if I don’t experience a serious illness?
Critical Illness Insurance
Can I manage my own investments within a Group Retirement Plan?
Employee Group Retirement
Can I name beneficiaries in a segregated fund?
Segregated Funds
Can I renew my Term Life Insurance policy after it expires?
Term Life Insurance
Can I withdraw money from my Universal Life Insurance policy?
Universal Life Insurance
Can Travel Insurance Reimburse Hotel Costs?
Trip Cancellation & Interruption Insurance
Can Universal Life Insurance be converted to Whole Life Insurance?
Universal Life Insurance
Can a Business Access the Cash Value of Permanent Life Insurance?
Business Owned Life Insurance
Can family members be included in a Global Medical Care plan?
Global Medical Care
Can part-time employees in Canada access Group Benefits?
Employee Group Benefits
Can you assist with both personal and business insurance needs?
Garrett Agencies
Do I need a medical exam for disability insurance?
Disability Insurance
Do I need a medical exam to get health and dental insurance?
Health Insurance
Medical Underwriting
Do beneficiaries have to pay tax on an inheritance in Canada?
Tax & Estate Planning
Do international students studying in Canada need travel insurance?
Student Travel Medical Insurance
Do new residents or newcomers to Canada need temporary medical insurance?
Visitors to Canada
Do premiums remain constant with age?
Permanent Life Insurance
Do travel advisories affect travel insurance coverage?
Travel Insurance
Does Canada’s public healthcare system cover long-term care costs?
Long Term Care Insurance
Does permanent life insurance ever expire?
Permanent Life Insurance
Does the Canadian government offer disability coverage?
Disability Insurance
Does travel insurance cover every destination?
Travel Insurance
How Do I Register on the Manulife Customer Secure Site?
Online Access
Client Portal
Manulife
How Much Business-Owned Life Insurance Coverage Do I Need?
Business Owned Life Insurance
How Often Should a Business Review Its Life Insurance Policy?
Business Owned Life Insurance
How are dividends from Participating Life Insurance determined?
Participating Life Insurance
How can students choose the right travel insurance plan?
Student Travel Medical Insurance
How do I choose the right term length for my Term Life Insurance?
Term Life Insurance
How do Lifestyle Spending Accounts (LSA's) differ from traditional health benefits?
Lifestyle Spending Accounts
How do deductibles work in Global Medical Care plans?
Global Medical Care
How do resets work in segregated funds?
Segregated Funds
How do segregated funds differ from mutual funds?
Segregated Funds
How do universal life insurance and participating life insurance differ?
Participating Life Insurance
How do you ensure that I receive the most suitable insurance policy for my specific requirements?
Garrett Agencies
How does Business Overhead Disability Insurance support a business?
Business Owned Disability Insurance
Business Overhead Expense Insurance
How does Business Overhead Expense (BOE) Insurance differ from personal disability insurance?
Business Overhead Expense Insurance
How does Business-Owned Disability Insurance impact tax obligations?
Business Owned Disability Insurance
How does Buy-Sell Insurance work in Canada?
Buy-Sell Insurance
How does Critical Illness Insurance differ from Disability Insurance in Canada?
Critical Illness Insurance
How does Key Person Disability Insurance work?
Business Owned Disability Insurance
Key Person Insurance
How does Universal Life Insurance differ from Whole Life Insurance?
Universal Life Insurance
How does a Group Retirement Plan differ from a personal retirement plan?
Employee Group Retirement
How does a Health Spending Account work for a business owner or employer?
Health Spending Accounts
How does age affect life insurance premiums in Canada?
Life Insurance
How does age and income factor into disability insurance planning?
Disability Insurance
How does individual disability insurance complement group insurance?
Disability Insurance
How does permanent life insurance work in Canada?
Permanent Life Insurance
How does tax planning fit into an estate strategy?
Tax & Estate Planning
How does the cash value in a permanent life insurance policy work?
Permanent Life Insurance
How does the investment component of Universal Life Insurance work?
Universal Life Insurance
How is "total disability" defined in Key Person Disability Insurance?
Key Person Insurance
How is a pre-existing condition defined in travel insurance?
Emergency Travel Medical Insurance
How is an HSA different from traditional group benefits or a Lifestyle Spending Account?
Health Spending Accounts
How is the benefit amount determined in BOE Insurance?
Business Overhead Expense Insurance
How is the value of a business partner’s share determined for Buy-Sell Insurance?
Buy-Sell Insurance
How long are premiums paid for permanent life insurance?
Permanent Life Insurance
How long do Business Overhead Expense (BOE) Insurance benefits last?
Business Overhead Expense Insurance
How long does Key Person Disability Insurance provide coverage?
Key Person Insurance
How long does Key Person Life Insurance provide coverage?
Key Person Insurance
How long does it take to get health insurance?
Health Insurance
Medically Underwritten Health Care Plans
Guaranteed Issue Health Care Plans
Guaranteed Acceptance Health Care Plans
How much disability insurance should I have?
Disability Insurance
How much life insurance coverage do I need?
Life Insurance
I only see rates to age 65. Does coverage end at 65?
Engineers Canada Prime Health & Dental
Engineers Canada
Is Buy-Sell Insurance mandatory for businesses in Canada?
Buy-Sell Insurance
Is Emergency Travel Medical Insurance Necessary for Travel Within Canada?
Emergency Travel Medical Insurance
Is Insurance Necessary for Canadian Students Studying Abroad?
Student Travel Medical Insurance
Is Participating Life Insurance a good investment?
Participating Life Insurance
Is Term Life Insurance more affordable than Permanent Life Insurance?
Term Life Insurance
Is long-term care insurance available in Canada?
Long Term Care Insurance
Is travel insurance required when visiting Canada?
Visitors to Canada
Is underwriting necessary for permanent life insurance applications?
Permanent Life Insurance
What Are the Differences Between Term and Permanent Business-Owned Life Insurance?
Business Owned Life Insurance
What Are the Tax Implications of Business-Owned Life Insurance?
Business Owned Life Insurance
What Doesn't Travel Insurance Cover?
Travel Insurance
What Happens to a Business-Owned Life Insurance Policy If a Key Person Leaves the Company?
Business Owned Life Insurance
What are the Critical Illness exclusions under this plan?
Engineers Canada Critical Illness
Engineers Canada
What are the advantages of choosing Participating Life Insurance?
Participating Life Insurance
What are the benefits of Participating Life Insurance?
Participating Life Insurance
What are the benefits of having Buy-Sell Insurance for Canadian businesses?
Buy-Sell Insurance
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