Archive for the ‘Insurance’ Category

Amendments to the Insurance Act

Thursday, August 16th, 2012

Bill 55, Strong Action for Ontario Act (Budget Measures), 2012 received Royal Assent June 20, 2012.  It amends 58 Acts including the Insurance Act.  We highlight a few changes to the Insurance Act here: Successor owners: the owner of a life insurance policy (or insured) may now name a successor owner ...

CAN YOU GET TO SEE YOUR FAMILY DOCTOR?

Monday, July 23rd, 2012

Our family doctors are not happy these days and you have to wonder why. We are going to need more of them- not fewer. The Ontario government appears to be slashing our health care and we don’t even know it. One family doctor tells me that the Ministry ...

Insurance Declarations and Separation Agreements – Never Easy

Monday, June 25th, 2012

In the context of negotiating a separation agreement, a typical question is:  are support obligations to be continued (or “secured”) after the death of the payor spouse? When having the estate planning discussion with a separated client, often we are told that the life insurance is there to “secure” upon death ...