life insurance | Quarry Wealth Management

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...

If anything should happen to me…

by Quarry Wealth | Apr 2, 2019 | blog, estate planning, life insurance

Don and Kate were nervously anticipating Don’s upcoming life saving surgery. Don was also concerned that, should he not survive, Kate might not know everything that needed to be done upon his death. The night before his surgery he made this list for Kate of the things she should do if he didn’t...

Life Insurance – Do You Buy, Rent, or Borrow?

by Quarry Wealth | Feb 1, 2019 | blog, life insurance

Without a doubt, life insurance is valuable protection provided by your employee benefit plan, but should it be the only life insurance coverage you have? Probably not, if you want to ensure you have sufficient long term protection to cover all your family’s financial needs should you die unexpectedly.