How Smoking and Alcohol Consumption Affect Your Life Insurance Rates
Why is life insurance so much more expensive for smokers or those who drink heavily? The answer lies in the underwriting process. When you apply for life insurance, insurance providers assess your health risks based on lifestyle choices, including smoking and alcohol consumption. These habits are proven to increase the likelihood of serious health issues, […]
Disability Insurance for Small Business Owners
As a small business owner in Nova Scotia, you’re probably the heartbeat of your operation. But what happens if you can’t work due to a disability? Statistics from the Canadian Life and Health Insurance Association show that one in three Canadians will experience a period of disability lasting longer than 90 days during their working […]
Life Insurance for New Canadians: What You Need to Know
Canada has always been a land of immigrants. Even today, over half a million new immigrants come to Canada annually; the highest in any country. If you are planning to move to Canada or are already here, understanding Canada’s laws, regulations, culture, and job market can take time. One financial tool that can help safeguard […]
What Happens to Your Life Insurance When You Retire?
Retiring can be exciting for many Canadians but also nerve-wracking. It marks the beginning of a new chapter and can bring significant lifestyle changes. But what about life insurance? What happens to your life insurance policy when you retire? Do you cash out your policy or does it just lapse? And do you even need […]