Skip to content
News & commentary

Insurance Discussions in a year of Covid

Home News & Commentary Insurance Discussions in a year of Covid
Jon Glougie

Jon Glougie

2020 has been an interesting year to say the least. Sometimes it takes a pandemic to force us to prioritize what is most important. This life event has brought to the forefront the reality of our mortality: hopefully a reality we will not face for many years.

While death is certainly not a popular dinner topic, it is of paramount importance to discuss. If you were to pass away, how would this affect your family financially? Is there debt (mortgage or other) outstanding?  If so, you should be considering how life insurance fits into your financial plan.   It should act as a risk management tool, ensuring that an untimely death will not destroy your families financial future. It can also act as tool for your estate, helping to pay estate tax bills, providing a quick injection of cash for your family at a difficult time, or simply creating a tax-free estate to be left to the beneficiaries of your choice. While we are bombarded with negative media, it can be easy to tune out serious topics like your estate plan. While no one will ever consider estate planning an exciting topic, now is an excellent time to focus on reviewing your insurance coverage (or lack their of), to ensure it is sufficient to protect your financial plans from potentially catastrophic risks.


This information has been prepared by Luft Financial. Opinions expressed in this article are those of Luft Financial only and do not necessarily reflect those of HollisWealth®. Furthermore, this does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors.

How do we elevate your wealth?

It begins with understanding your needs and creating a comprehensive and tailored financial plan to help reduce tax, manage risk and grow your portfolio over the long term. Learn more about how we help you achieve financial security and peace of mind.

News & commentary

June 2021 – Why do I need a Will?

Why do I need a Will? If you’re like most people, you probably don’t like thinking about your mortality. It’s never a pleasant subject, but it is an important, and often overlooked, tool that should be included in your financial plan. What is a Will? Think of a Will as being your voice from beyond […]

Read more

June 2021 Portfolio Management Team Update

Market & Economic Environment The TSX Composite reached a new record high in May, boosted by its substantial weighting in cyclical sectors, while U.S. indices traded sideways in the month. The index gained 3.3% last month, reaching an intra-day record level of 19,914.01 on May 31. The Canadian benchmark’s gains for the month were led […]

Read more

May 2021 Portfolio Management Team Update – Market & Economic Environment

The TSX Composite and U.S. indices reached new highs in April, buoyed by strong economic data and progress on the Covid-19 vaccination rollout. The Canadian economy expanded in March for the 11th straight month, while U.S. GDP accelerated to a 6.4% annual rate in the first quarter as personal consumption – the biggest part of […]

Read more