Eli Dehghani

In Canada, life insurance can help families keep a cottage by covering tax bills and compensating heirs who prefer cash over shared ownership.
Parents cannot simply transfer property for $1 and avoid tax; under Canadian rules, capital gains can still be based on fair market value.
Because assets are generally deemed sold at death, insurance proceeds can supply cash without forcing a sale, especially when heirs want different outcomes.
Insurance can also fund buy-sell agreements, helping heirs receive value while remaining owners keep control and avoid draining company capital during ownership transitions.
Regular estate-plan reviews and early family meetings can keep intentions clear after births, marriages, divorces, or wealth changes, reducing surprises when assets transfer.

Canada's Insurance Can Smooth Estate Plans

Canada's commercial property and casualty market was expected to enter 2027 strongly, supported by abundant capacity, strong insurer balance sheets, and stable catastrophe trends.
Many Canadian renewals were bringing meaningful savings, with occasional cuts near 30% to 40% and more typical reductions around 10% to 15%.
SMEs were benefiting too, and clients increasingly asked brokers to shop around, with many accounts >$50K in premium routinely seeing reductions in Canada.
Some lines stayed tougher, including cyber and certain liability or marine cargo risks, but broad insurer competition was also loosening underwriting in many classes.
Executives expected Canada's soft market to last through at least Q2 or Q3 2027, even as underwriting results at some insurers began weakening.