life insurance | Quarry Wealth Management

Basic Planning for Young Families

by Quarry Wealth | Oct 31, 2019 | blog, disability, Family, individuals, life insurance, RRSP, tax free savings account

As a young family, you will be facing a lot of new challenges that you may or may not be prepared for along the way. Whether it’s children, a mortgage, or unexpected expenses that come up, now is the perfect time to start thinking about all the potential pitfalls that may arise.

Insurance for Businesses: What You Need to Know

by Quarry Wealth | Sep 30, 2019 | blog, business owners, group benefits, life insurance

As an entrepreneur, protecting your business is important. You’ve invested your time, energy, and money into creating your new enterprise, which is why it’s so imperative that you take all the necessary steps to protect it.

Do Retirees and Empty-Nesters need Life Insurance?

by Quarry Wealth | Aug 31, 2019 | blog, estate planning, life insurance

Now that the kids are out of the house, you should be shifting your focus on retirement. Since your money isn’t going towards feeding, clothing, and supporting your children (hopefully), you should be figuring out the best way to maintain your quality of life once you retire.

The Case for Life Insurance

by Quarry Wealth | Jul 31, 2019 | blog, Debt, estate planning, life insurance, mortgage

When it comes to most forms of insurance, many people understand the importance of having coverage. Whether it’s your car, your home, or other valuable possessions, having insurance means that you’re financially protected should disaster strike. One of the first things you do when you buy a new...

Does your Business Qualify for the Small Business Gains Exemption?

by Quarry Wealth | Jun 1, 2019 | blog, business owners, corporate, life insurance, tax

As a business owner, you may be aware that when you dispose of shares in your business you could receive an exemption on all or a portion of the capital gains that ordinarily would be taxable. This is due to the Lifetime Capital Gains Exemption which says that, for 2019, up to $866,9121 of capital gains...

The Need for Corporate Life Insurance

by Quarry Wealth | May 1, 2019 | blog, business owners, corporate, estate planning, life insurance

Life insurance is used for two general purposes in a private corporation – managing risk and creating opportunities. The risk management function is satisfied as life insurance provides the corporation with a tax-free payment in the event of the death of an owner or someone vital to the success of...