COVID-19 Government financial assistance and Insurance premium deferrals for Physicians
COVID-19 Government financial assistance and Insurance premium deferrals for Physicians
Author: levinefinancial
Insurance – COVID-19 Premium deferrals
Since COVID-19 started, we have been working with various insurers to get some premium deferrals for our clients. Below is a review of various companies and how they are responding to the COVID-19 request to offset premiums as of April 7, 2020 SUN LIFE Sun Life is offering a 90 day premium deferral for clients (including business owners) experiencing direct financial hardship as a result of the COVID 19 pandemic due to: illness/quarantine lay-off or job loss the need to be…
COVID-19 and your insurance
Covid-19 and your insurance
The markets are falling and no one knows when its going to stop.
February 27, 2020 According to CNN this morning… US stocks fell into correction territory on Thursday as a week long selloff continued because of the coronavirus outbreak. All three major US indexes are now on track for their worst week since the financial crisis. The Dow, Nasdaq Composite and S&P 500 all fell more than 10% below their most-recent peak, putting them in correction For the Dow and the S&P 500, this week is pacing to be the worst performance since October 2008.…
Life insurance can be a core strategy for retirement savings
Life insurance can be a core strategy for retirement savings TIM CESTNICK SPECIAL TO THE GLOBE AND MAIL PUBLISHED JANUARY 30, 2020 In 2001, Carey McWilliams obtained a permit in North Dakota to carry a concealed weapon. The thing that makes his story so unusual is that he’s legally blind. Mr. McWilliams had satisfied the state’s shooting test by hitting a human-sized target 10 times out of 10 from a distance of 21 feet, or 6.4 metres. Today, he has…
Insurance – Asset or Expense?
Insurance is an asset not an expense
Health Spending Accounts (HSA)
A health spending account is a private health service plan that offers the reimbursement of a wide range of qualifying medical expenses provided by a medical practitioner or pharmacist. The account is flexible, as it can be set up as a stand-alone plan or it can supplement an existing group or personal health insurance plan. The flexibility of the account and the ability to take personal expenses and make them into a corporate deduction makes an HSA an attractive benefit…
Fall Tax Clean up
As we make our way through the fall season, one area we noted physicians have been “cleaning up” is their taxes and terminal planning. First, we help you understand what happens to your estate when you pass away and then how to redirect assets through your medicine professional corporation tax free. WHAT HAPPENS TO YOUR ASSETS WHEN YOU PASS AWAY? Upon death, you are deemed to have disposed of assets at their market value at the time of death. The…
Material Changes to OMA Group disability insurance
Material Changes to OMA Disability Insurance
Material changes with OMA Group Disability Insurance 1
Material changes with OMA Group Disability Insurance