Crossgrove Blog

Dying in Canada is costing a fortune – and worse, it’s not how we want to go

“Canadians spend more on end-of-life care than other high-income countries, including the U.S., yet we achieve poor results compared to most.”  Each year, about one in every 100 Canadians dies. The vast majority of those deaths, 80 per cent, are people over the age of 65. And most die of chronic illnesses like cancer, cardiovascular disease, diabetes, and COPD.  Contact us at Crossgrove and Company where you'll receive sound advice when it comes to relieving the costs associated with not only critical illnesses, but what they often lead to: death.

Do you need health and dental insurance in retirement?

About 2.2 million Canadians over 65 years old have supplementary health insurance coverage for drugs/dental through individual or group benefit plans, according to the Canadian Health and Life Insurance Association.  Still, there are millions left wondering if health and dental insurance are really necessary in retirement – and what options are out there.  Acquiring and retaininng quality employees has much to do with the group benefits that an organization offers its employees.  Whether you're an employer or an individual, Crossgrove & Company can guide you in making sound, affordable decisions when it comes to health coverage for yourself, your family, and even your employees.  Contact us today!

Baby Boomers’ Biggest Financial Risk: Cognitive Decline

For baby boomers who manage their own nest eggs, a risk is looming that has nothing to do with stock prices or interest rates.  The risk is cognitive decline, which can rob them of their judgment, often without much warning.  Contact us at Crossgrove & Company to avoid the pitfalls of cognitive decline and have peace of mind knowing that your financial decisions are in the hands of professionals you can trust.

David Rosenberg: You know a market is all priced in when …

How do you know when the markets are all priced in? When good news fails to incite a positive price reaction.  Read more in our blog post, and be sure to contact us at Crossgrove & Company in order to keep from falling victim to natural tendencies when looking at the markets.  With our advisors, you can always count on sound and timely advice!

Paramedical benefits sector riding virtual health care wave

At the time, virtual physiotherapy might have seemed like a bit of a novelty. But then, roughly half a year later, the coronavirus pandemic arrived in Canada, sending employees to work from home and forcing a sudden change in how benefits were delivered. Virtual physiotherapy — and virtual everything else — was no longer a niche offering.  Contact us at Crossgrove & Company to find out about the many Group Benefit options available to you and your organization!

Housing is keeping Canada's economy going and that's bad news when the bubble pops

One has to wonder what happens to the Canadian economy when the housing bubble finally does pop, the stimulus programs abate, and the commodity cycle runs its course. What is left? The reopening of the economy?  Contact us at Crossgrove & Company where we're always staying on top of economic forecasting and positioning our client portfolios to preserve their wealth even in the bleakest of times.

Medavie Blue Cross introduces new group plan option for small businesses

Medavie Blue Cross’s new “Benefits for Small Business” plan provides coverage for extended health care, including vision care, prescription drugs, dental, disability, in addition to life and travel insurance. It is available for small businesses with up to 10 employees in Ontario and Atlantic Canada.  As Group Benefit Consultants, we at Crossgrove & Company always have our finger on the pulse of the entire market, allowing us to get you the most suitable and robust plan available while providing you with material savings year over year!  Contact us today!

Disability Insurance Protects Clients As Well As Advisors

Although each client has different financial needs and obligations, one of the first questions to ask clients is “What is your most valuable asset?” Some may say it is a home or investment; however, their most valuable asset is the ability to work and earn a living. Without an income, it becomes hard to afford even regular living expenses.  Contact us at Crossgrove & Company and let us show you how to protect the investments that are upheld by your biggest asset: you!

#MacroView: Siegel On Why Stocks Could Rise 30%

“Can we say when it will end? No. Can we say that it will end? Yes. And when it ends and the trend reverses, here is what we can say for sure. Few will be ready. Few will be prepared.”  Contact us at Crossgrove & Company to speak to one of our expert advisors on how to be one of the few who are prepared by hoping for the best but planning for the worst.  

Canadians deserve fiduciaries to manage their finances

Ask the average Canadian investor if current regulations require financial advisors to act in the best interests of their clients. Their responses would likely be split between “yes” and “I sure hope so.” But the real answer to this question is, “No, but with few exceptions.”  At Crossgrove & Company, we pride ourselves on always having put our clients' best interests first - and that will never change!

Keep what's yours

Life insurance is by far the most misunderstood asset class in Canada. Most people only see it as a benefit to their dependents or their already successful family members. But almost all the wealthiest families in every industrialized nation in the world see this instrument as an asset to use for themselves, not just the next generation.  Contact us at Crossgrove & Company today!  We'll help you find the policy that best fits your financial goals in a way that has you keeping more of what you've earned!

An insurance strategy that can maximize a client’s estate

“It’s not insurance in the traditional sense but it replaces a typical need that insurance professionals are fundamentally familiar with, and this excites people in the business because they want to make sure simply that families are protected.”  Contact us at Crossgrove & Company to have us walk you through sound strategies to maximize your earning potential!

What's the solution to increasing drug-plan costs for plan sponsors?

"While drug-plan costs are increasing for plan sponsors, the causes for these increases may depend on which part of Canada a plan sponsor resides in."  Contact us at Crossgrove & Company to explore the ways in which you and your organization can address the rising costs of drugs for your plan members!

Strong appetite for virtual health-care offerings

The product became more important during the coronavirus pandemic as Canadians sheltered in place to avoid infection and investors simultaneously pinned their hopes on technology companies at dizzying rates.  Contact us at Crossgrove & Company to find out more about products like Members Health, where doctors are at your fingertips 24/7...

What to do when it’s time to convert an RRSP?

Financial advisors help investors get into the habit of saving and building a retirement nest egg as well as taking advantage of the tax deferral in their registered retirement savings plans (RRSPs). But once those clients reach their golden years, the conversation must turn to drawing those assets down and giving the tax authorities their due.  Contact us at Crossgrove & Company to get expert advice on how to go about maximizing what you've worked hard for your entire life...

You need long-term disability insurance. Now what?

Long-term disability insurance likely isn’t something you ever want to be in a position to need, but if ever you do need it, you’ll be grateful it’s there. Like short term-disability insurance, it provides financial assistance to an employee who is unable to work because of an accident, injury or illness. True to its name, long-term disability (LTD) payments cover a long period of time—as much as several years. Contact us at Crossgrove & Company to get a free assessment of your needs and let us take care of the application process for you!

B.C. couple has done everything right financially, but these tweaks will make retirement even more comfortable

'Helen’s RRSP, with a $37,000 balance, is also underfunded. They could raise the balance using $41,000 of stock in Sam’s employer, a major tech firm. If Sam adds to Helen’s balance by making a spousal contribution, he will get the tax reduction and she will get the RRSP contribution. The strategy is common. It will achieve income shifting and tax reduction'  Contact us at Crossgrove & Company and let our experts guide you through tax-efficient strategies in an ever-changing landscape!

My husband spent his dying days worried about finances. No one with cancer should live that way..

'When we found out his cancer had become terminal, our lives were once again upended. One of the changes that had a profound impact on David was his loss of income.'  Have peace of mind by contacting us at Crossgrove & Company and let us make reviewing and applying for a critical illness policy a breeze.  

What’s Next In Group Benefits: Meeting Today’s Evolving Employee Needs

As employers renew their commitment to their employee benefits strategies, they’re looking to brokers and insurance carriers to help them deliver holistic offerings that reflect the evolving landscape and address employees’ financial wellbeing needs.  Contact us at Crossgrove & Company for a free comprehensive review that has us saving you 10% or more on equal or better group benefits!

Financial optimism during the pandemic: Canadians discovering true value of advice and planning - RBC poll

Some Canadians are finding financial peace of mind in the midst of the pandemic. Why? They have a financial plan, with savings and investing actions in place to help achieve their goals. They've connected with an advisor. And they're feeling much more confident about their future, according to the latest RBC Financial Independence in Retirement Poll.  Contact us at Crossgrove & Company to expert advice from our experienced team of advisors.