Scantlebury Wealth Management

“Getting the vaccine will not affect your insurance coverage. No one should be afraid and choose to not protect themselves from COVID-19 because they are worried about it affecting their benefits. All of Canada’s life and health insurers are supportive of Canadians receiving government approved vaccinations to protect themselves from serious illness and death.” Kevin Dorse, Assistant Vice President, Strategic Communications and Public Affairs, Canadian Life and Health Insurance Association (CLHIA), March 8, 2021 When my colleagues started to post information about the COVID vaccination, I was a bit confused. I have been licenced to sell Life Insurance since 2003; and, in all that time, I had never asked anyone about their vaccination status. In selling policies, I have had to ask my clients about their height and their weight. I have had to ask them about their gender, about their smoking status and the amount of alcohol they consumed. I have had to ask my client’s about their drug con...

In April, Gold’s Gym proactively closed 30 company-owned gyms; and by May, they declared bankruptcy. In making that decision, it meant that they separated themselves from “nearly 700 gyms around the world.” J.Crew joined them by  filling for Chapter 11 protection in early May.  Since then retailers have either gone bankrupt or filed for Chapter 11. In the US, Neiman Marcus, J.C. Penney, Tuesday Morning, PQ New York, Lucky Brand, Brooks Brothers and Sur La Table. In Canada, David’s Tea, SAIL Outdoors Inc, Henry's and Aldo did the same.  The 85 year old vitamin company called GNC saw a 30% drop in their store sales; while 24 Hour Fitness couldn’t provide their chief product - a place to exercise. Both filed for bankruptcy in June.  While, in the same month, CEC Entertainment - a company which owns 550 Chuck E. Cheese and Peter Piper Pizza locations - after COVID lockdowns found itself doing an oxymoronic and/or paradoxical thing: on one day, they both reopened 266 venu...