Is cash surrender value of life insurance taxable in Canada? There is no direct yes or no to the question. The cash surrender value can be tax-free and become taxable under certain circumstances. The time you receive the cash value and how you receive it determines whether it will be taxable. In this article, we…
The skin is the largest organ in the body that protects the body from external threats such as viruses and bacteria. It also helps to keep the skin healthy. Millions of people in Canada live with skin conditions such as rosacea and psoriasis. As such, they need to visit a dermatologist. In this article, we…
Cannabis was legalized in Canada for medical use about 20 years ago, and some insurance companies are gradually including medical cannabis, and some companies have started including medical cannabis within the health insurance of their staff. Here, we will explore the answer to the question, “Is medical marijuana covered by Insurance Canada?” including the list…
Most medically required surgery in Canada are covered. Weight loss surgery is a major one, and some wonder if it is covered by insurance by the Canadian public health system or private companies. We will carefully explore the answer to the question, “Is weight loss surgery covered by insurance in Canada.” Is Weight Loss Surgery…
BetterHelp is an online therapy platform that connects you with licensed therapists and mental health professionals, including psychologists, licensed therapists, counselors, and social workers, who can provide counseling and therapy through the platform. In this article, we will look at the question, “Is BetterHelp covered by Insurance Canada” and other relevant things you need to…
Recently, Botox injections are becoming popular, most for cosmetic purposes and others for medical purposes. So it is unsurprising to ask if you can get an insurance company in Canada to cover your Botox treatment, as they can be expensive. So in this article, we will examine whether Insurance Canada covers Botox and how to…
Can you borrow against your life insurance in Canada? Do you have life insurance and wonder if you can borrow it? There are two major types of life insurance in Canada: term life insurance and permanent life insurance, and they both differ in a certain way. Can you borrow from both life insurance policy types?…
Most people who are insecure about their teeth or who want to straighten them up tend to go for braces. However, some may go for braces purely on an aesthetic basis. Whether it is medically or aesthetic, knowing the cost of braces is essential. In Canada, the Canada Health Act (CHA) does not cover general…
If you have a dependent, one way or the, you will need to get life insurance. A LIMRA study stated that 12.6 million households in Canada own life insurance. One of the questions most Canadians planning to get life insurance ask is, “How does life insurance work in Canada.” We will explore how life insurance…
Are you asking, does life insurance pay for suicidal death in Canada? The answer isn’t straightforward, and it’s kind of complicated. I implore you to carefully read through the article as I will carefully explain if life insurance pays for suicidal death in Canada and the conditions behind it. Suicide in Canada According to statistics,…