Exempt Policy Status

Tuesday, February 17, 2009

...Thinking of buying permanent insurance?...

here are, broadly speaking, two forms of life insurance: term and permanent. With permanent insurance, sometimes called whole life insurance and other variations, the premiums paid to the insurer create an investment fund for the policyholder. The fund earns investment income and is generally not subject to federal or provincial income tax provided the policy qualifies as an "exempt policy" under the Income Tax Act.

The rules on what is or isn't an exempt policy are complex and best left to the insurer; however, before signing a policy be sure the agreement specifies the insurer will monitor your policy's status and they will ensure it maintains its exempt status.

Why do this? If your policy loses its exempt status it will be subject to income tax and would therefore create a significant tax problem.

Posted 2009/02/17 at 12h06ET in Estate Planning.

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Day 109: Writing a Novel—The Deep Blue Hold

Sunday, March 6, 2017 Note: Unedited writings from my notebook for this novel. Square bracket items represent added comments.
At 18:47 Office ... I barely remembered anything about this story... H as it really been three months? I guess it has. I put it out of my mind [so much so] that I barely remembered anything about this story. Not even the title. [Unreal!!!!!!] I had the general premise and an ending—enough I thought for a novel. What I lacked was a determination and desire to want to write it. Why bother… I wasn’t enjoying the process and I had no reason to believe the result wouldn’t be anything more than what’s gone before—nothing.
James Piper Kitchener, Ontario Post comments on facebook page. Follow me on twitter. Posted 2017/04/14 at 14h02ET in The Deep Blue Cage | Writing A Novel

Words: Fairy—Ferry

Thursday, September 6, 2012
A homonym.
FAIRY—A fairy tale. A fairy godmother. Fairy—not a long, long way to run.
FERRY—A boat or ship to transport drunken Swedes back home from Copenhagen. It’s the Danish beer.
Fairy Ferry Samantha the Swimming Fairy by Daisy Meadows Evening Ferry by Katherine Towler
Posted 2012/09/06 at 5h02ET in Words, Writing.

Day 2: Writing a Novel—The Deep Blue Hold

Friday, November 18th, 2016 Note: Unedited writings from my notebook for this novel. Square bracket items represent added comments. ... There’s also poetic justice for this crew for what they did to the women they kept.... I t’s still Friday to me. [Writing early Saturday morning.] I wasn’t in bed until 6h and up at 14h. Then lots of errands. Lots of walking. Felt tired earlier—something different. I haven’t spent much time thinking about this story. I seemed to have put my mind into another lane. Not what I want. I was thinking too much about my future as a successful writer. Not simply being a writer, but a successful writer. One that makes a good living off or from it. That’s a better goal. So what to say about this story. No title. Oh. I did decide on something. She can’t die. Too much of a downer. That would seem to rule out a revenge aspect by the husband. Maybe she does it. These guys [the baddies] have to get it in the end. I was thinking about how she wants to sink the s…

James Piper, Author

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