Chances are you’ve met with people who describe themselves as financial advisors or financial planners. Fortunately, in some provinces, you’ll soon be able to challenge them with two words: Prove it. Unfortunately, different provinces are going in different...
With spring cleaning on our minds, be sure to include your long-term disability (LTD) plan when it comes to dusting off, reviewing, and possibly updating your group insurance offerings this year. The time may be especially right considering the changes made to...
Donna Ferguson, a clinical psychologist, recalls working with a woman in her 50s who had gone on disability leave from an executive-level role. Her depression was so severe she couldn’t motivate herself to leave her bed. Recovery included a year of intensive therapy,...
When working with advisors, Lisa Ann Butcher likes to use the analogy of a coloured glass cylinder. When someone is happy, the colour in their imaginary cylinder might be yellow or orange. But “if there’s somebody who’s had something horrible happen to them, that...
It’s not unusual for David Lloyd to hear from plan members years after they’ve stopped working. In fact, that’s a big part of his job as Senior Investment and Retirement Consultant, Freedom Experience at Canada Life. “Most often, they’ve opened their latest financial...
For the longest time, the 16- or 17-week elimination or waiting period of a plan sponsor’s long-term disability (LTD) plan was synched with the federal government’s Employment Insurance (EI) plan, which had provided income replacement for 15 weeks. But as of Dec. 18,...
