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 […]
Life Insurance Options for High-Risk Occupations
If you are in a profession where the likelihood of accidents, injuries, or fatalities is significantly higher and you have financial dependents that rely on your income, you need life insurance. However, that is easier said than done. In Canada, individuals in high-risk occupations such as construction, aviation, mining, or emergency services often encounter higher […]
Steps to Take if Your Life Insurance Claim is Denied
Having a life insurance policy with adequate coverage is the best way to safeguard your family’s financial security in the event of the unexpected. The death benefit paid out to beneficiaries can help cover funeral costs, monthly expenses, and outstanding debts, and even fulfil long-term goals such as sending children to college. However, there can […]