Skip to main content

Santa Claus buys Life Insurance

"Santa Claus buys life insurance" said Soleus Winters with Upper North Life Insurance Co.  Upper North is best known for their frozen asset distribution facility based in Iceland.   

Winters said he enjoyed the conversation with Santa Claus over a snack served with buttermilk and shortbread cookies.  “It was a memorable meeting to say the least” said Winters. Every question was answered correctly, and each was checked twice.

Santa had met with Winters and the North Pole attorney, Pot Hole to discuss an estate freeze. Things were dancing like sugar plums with Santa, Winters and Hole said; and then it was time for the medical questions. With the wink of an eye, Winters asked “Do you smoke?” Santa answered slowly as his marshmallow like hand tenderly embraced the corncob pipe which he had received from his good friend Frosty the snowman. “Just a little” he said “and I don’t inhale either. I just do it because I like the smoke rings which circle my hat”.

“And what is your weight” asked Winters. Santa smiled and laughed as he said "I hate lactose free milk, sugar free cookies and frost bitten sandwiches”. Winters said, “I said what is your weight, not what do you hate”. "Oh" Santa said, “275 lbs. on a good day.”

Then came the cardiac questions. “How is your Heart Santa? Oh my goodness jiggled Santa, “It’s over sized and soft”. Winters kept writing trying not to make eye contact. “What about your liver?” “It’s best fried and with onions" Claus said as he leaned back and folded his fingertips together and rested is hands over his belly which moved like a bowl full of jelly. 

“How about your exercise habits” was the next question.  “Ho Ho Ho, I’m small enough to slip down any chimney, nimble enough to tip toe across any living room, and wise enough to hold on when Prancer passes gas” “Oh Prancer” choked Santa.

Winters asked Santa to sign on the dotted line which looked like little snowflakes all lined up. “With Hole as my witness” Santa Said, “I have been a good little boy”, and with those words, the deal went as smooth as ice. 

Santa jiggled again for no apparent reason.

“What happens now” said Santa? “We send this paper on the sleigh to the underwriters, who put it under a glass dome and shake it a little and see what falls” said Winters.

Within no time at all and as quick as a flash, the policy arrived all curled with a bow and hung by the fire.  Not standard, not normal, but Super Preferred were the words on the ribbon. “Issued with care” was the inscription. . “Look” said Santa “its hole life”. Santa bounced at his own humor.  “Just what I wanted for Christmas”. Santa turned his head and with a nod to Winters said “now dash away, dash away dash away all." 

If you are in Nova Scotia and would like some insurance advice, please contact Corry Collins:
902-444-7000

Please like, share and comment on my newest post!

Comments

Popular posts from this blog

Attend MDRT as an Aspirant or Manager

The Million Dollar Round Table (MDRT) holds its annual meeting this June in Orlando. Members from around the world will be in attendance. The annual meeting is the flagship event for the MDRT. Top advisors from over 70 countries meet and share world class ideas on how to grow your business and how to develop a thriving practice. The main platform is always full of motivation, business ideas and stories that may change your life. Ten thousand people are expected this year. The focus sessions are detailed sessions drilling down on the specifics of specialized subjects. Members and non-members are invited to speak on their area of speciality. Networking with leading industry people (who become friends) is one of the highlights. The mentoring program at MDRT provides a chance for non-members to attend as a guest.  The rules can be found at https://www.mdrt.org/membership/mentoring/ , but here are some of the particulars: The MDRT Annual Meeting scheduled for June 4-7, 20...

The Importance of Financial Planning for the Future

I spoke with a physician client recently who’s family income was over half a million dollars per year. They have a good amount of cash built up in the RRSP (over $1,000,000) lots of cash in their corporation, and over $2,000,000 in real estate. They plan on working for at least 10 more years. A rough estimate of their worth would be between $6,000,000 to $8,000,000 by age 65. We were dealing with some insurance issues that needed to be solved and in the process I asked the question about retirement and asked what planning had been done. The plan was to keep going until retirement age, and then to assess the situation, she said. This was not an uncommon response as my experience shows many people spend more time planning a Christmas party then they do planning their financial future. My comment was this; if you were running a multi-million dollar corporation with very good cash flow, one where assets were growing compounded every year, would you want to have a business pl...

How Much Disability Insurance Should I Own?

First of all, if you are reading this blog you have some interest in protecting your income in the event you become disabled. Disability insurance  (DI) is often referred to as Income Replacement Insurance, but in reality it’s not the income people want to protect; it’s their life style and assets they wish to protect. While many business owners and employees are covered through Group Insurance at work, many self-employed business owners and professionals are either not covered or fail to keep their policy in pace with their growing income year after year. The amount of coverage one owns with Group Insurance is often predetermined by a formula or a set amount in the group contract, set by your employer. If this is the case, you often don’t have a choice or voice to change the amount- even if the monthly benefit is not enough. People without “Group” Insurance can determine the actual amount of coverage they want to purchase up to an “issue limit” based on their insuranc...