Tag: Life Insurance

Secure Your Legacy: Life Insurance Awareness Month

Life is a journey of unpredictable twists and turns, filled with moments of joy, challenges, and milestones. As we navigate this path, we often strive to provide the best for ourselves and our loved ones. One of the most impactful ways to ensure a secure future for your family is through the power of life insurance.

Did you know that only 44% of all Canadian households have life insurance coverage, and 23% of Canadians do not consider themselves very knowledgeable or knowledgeable at all on the topic (Life Insurance Marketing and Research Association)? Luckily, September is Life Insurance Awareness Month, and it’s a great opportunity to learn how this vital coverage can safeguard your legacy.

Life insurance is more than just a financial product; it’s a promise of protection and responsibility toward those who matter most. It serves as a safety net that provides financial support to your loved ones in the event of your passing and lets them maintain their quality of life, pursue their dreams, and achieve their goals.


The Benefits of Life Insurance

  1. Financial Protection: It provides a financial cushion to your beneficiaries, ensuring they have the resources to cover immediate expenses, outstanding debts, and long-term financial needs.
  2. Estate Planning: It is a crucial tool in estate planning, allowing you to pass on your assets to the next generation while minimizing potential tax burdens. It ensures a smooth wealth transition and preserves your legacy for years to come.
  3. Debt Relief: In the unfortunate event of your passing, it can help alleviate the burden of debts, such as mortgages, loans, and credit card balances. Having this debt taken care of prevents your loved ones from inheriting these financial obligations.
  4. Education Funding: It can also be pivotal in funding your children’s education. By securing a policy, you can ensure that your children have the financial support needed to pursue their academic aspirations.


Choosing the Right Policy

Life insurance comes in various forms, including term life, whole life, and universal. Each type has its own features and benefits, tailored to different financial goals and circumstances. Take the time to explore these options with one of our experienced brokers to determine the best fit for your family. It’s an opportunity to reflect on your responsibilities and make informed decisions that align with your long-term goals.


Empower Yourself and Protect Your Loved Ones

As we celebrate Life Insurance Awareness Month, we also invite you to engage in open conversations with your family members and encourage them to explore options that will shape a brighter and more secure tomorrow. For more resources on this topic, visit the Canadian Life & Health Insurance Association.

By securing this type of policy, you’re taking a proactive step towards ensuring the security of your family’s future. It’s an investment in their dreams, aspirations, and the legacy you leave behind. Let us help you get the coverage you and your family deserve by visiting our Life Insurance page for details. Contact us at 1-800-268-3311 or ebrokers@dbibrokers.ca today!


we offer life insurance to give your family peace of mind

6 Tips for Protecting You and Your Boat this Summer

boat insurance

The sound of wind, the beauty of the horizon and the joy of time spent on the boat.  It is the time of year to begin dusting off the cobwebs and preparing for summer.  At dbi Brokers Ltd we want you to enjoy your time boating and have the peace of mind knowing that your boat insurance will protect you.

With the excitement of the season it is easy to forget the responsibility of owning and protecting your boat, and unfortunately mistakes and accidents do happen.  So make sure you are protected.

6 Tips to protect you and your boat this summer:

  1. Your canoe, kayak or any watercraft without a motor can potentially get rolled into your home or seasonal home insurance policy. Speak with a dbi Broker to find out more about your liability limits.

  2. The onus is on you to prevent damage or loss but those damages or losses out of your control will most likely be covered by your insurance policy

  3. A boat worth very little could cost you a lot. Even if your boat is not worth insuring for theft or damage. Without liability protection if you boat causes harm to someone or something, you’ll be on the hook for the damages, losses, or injuries

  4. For larger boats liability and damage insurance is highly recommended and often policies will cover the boat and additional equipment.

  5. Similar to car insurance there are a wide range of factors that will affect your boating insurance policy. Which can include the size of the boat, size of the motor, its value, the location that you use it, and more. Make sure you speak with a broker to make sure your policy fits your needs.

  6. You need to hold a Pleasure Craft Operator Card (sometimes referred to as a boating license) in order to operate a boat in Canada. Without this, not only do you risk a $250 fine but it also may void your policy.

Additional questions for your broker:

What are the navigational limits for my boat?
Navigational limits, ask your broker where you can operate your boat and still be covered under your policy.

What is my lay-up period?
Lay-up period refers to a specific time frame when your boat is out of the water. If your boat is in the water during this time, you will not be covered by your policy.

Is my boat covered while is it being stored in the off-season?
Winter storage for boats in Canada creates a risk of snow load, this is something to ask your broker if your boat will be covered during the off-season.

Are there age restrictions on policies?
Current age / horsepower restrictions:
Under 12 years of age with no direct supervision, a person may operate a boat with up to 7.5 kW (10 hp);
Ages 12 to under 16 with no direct supervision, a person may operate a boat with up to 30 kW (40 hp);
Under 16 years of age, regardless of supervision may not operate a PWC;
16 years of age or older: no horsepower restrictions

Speak with a broker today so that you can sail into the beautiful days of Ontario summer when they get here!