What life insurance coverage is most appropriate at various life milestones?
After the Covid-19 pandemic, the popularity of life insurance has only grown in Canada, and for good reasons. Today, more than half of the Canadian population has some form of life insurance according to a report by PolicyMe. There is no denying that life insurance is the most effective financial tool for Canadian families looking […]
What additional coverage should be considered with disability insurance?
Your ability to earn income is your most valuable asset. However, the likelihood of you having a disability that prevents you from working is much higher than you think with up to 40% of Canadians experiencing disability for 90 days or longer before the age of 65. The right disability insurance policy can be a […]
Are Joint Life Insurance Policies Cost-Effective For All Couples?
Insurance provides couples with much-needed financial security for their families in the event of the death of one or both partners. Recognizing this, insurance providers started to provide joint lie insurance policies for couples, advertising them as being cost-effective and providing coverage to both partners for the price of one insurance policy. However, the matter […]
What Should Expatriates Consider When Purchasing Life Insurance In Canada
An insurance policy gives a great deal of comfort, as it ensures that your loved ones are provided for in the event of your demise. However, you should not be opting for the first insurance plan that comes your way and, as an expatriate, there are many considerations you should take into account before deciding. […]
Mental Health and Life Insurance Policies
Having a mental health condition calls for being weary of many things. But what you must keep in mind is the fact that mental health is not a destination but a journey. Since 2001, the mental health and life insurance industries have been working together to develop adequate life insurance outcomes for people struggling with […]
Insurance Riders and Additional Coverages
Insurance policies offer a great deal of comfort to many people, as they offer a safety net for families in the event of any tragic event. However, insurance policies can cost a good deal of money and not all policies will offer full coverage. Luckily, with time people have become a lot more aware of […]
What Are 5 Examples Of Employee Benefits?
Let’s face it, most of the time, people are looking for jobs, either, because they don’t have one, or are searching for one that offers higher pay. However, for many Canadian job seekers, higher pay isn’t always the most attractive incentive for choosing one company over another. Employee benefits can in many ways outweigh a […]
Comparing Life Insurance Quotes in Canada
Did you know that approximately 58% of Canadians have some form of life insurance according to a 2022 report by the Canadian Life and Health Insurance Association (CLHIA)? The reason why so many Canadians opt for life insurance is because they want to ensure the financial security of their loved ones if something untoward were […]
What are The Tax Implications of a Family Life Insurance Policy?
Buying a life insurance policy is much like buying a home or a car for the first time. It requires careful deliberation and consultation with experts to help you make a more informed decision. If you are considering investing in a life insurance policy you may feel that the more you dig the more you […]
Why Is It Important For Young People To Consider Getting Life Insurance Coverage?
It is normal for younger people to think that life insurance is not for them as for now the world is their oyster and the last thing they are worrying about is their health and dependents. Young people who have just started earning may also be on tight budgets and paying monthly premiums on a […]
The Financial Impact of Not Having Life Insurance
Without life insurance, you risk leaving your dependents and loved ones without any financial protection in the event of your untimely death. This is why most Canadian families opt for an individual or group life insurance policy to financially protect their loved ones from a sudden loss of income, unforeseen debts, and funeral costs in […]
Importance of Regularly Reviewing Your Life Insurance Policy
Many people believe that once they have secured a life insurance policy there is little need to review or change the policy. In fact, many people tend to think that once they have opted for a policy it can’t be changed even if they wanted it to be. This isn’t the case. One can, in […]
The Role of Life Insurance in Estate Planning in Canada
What does life insurance have to do with estate planning? A lot, actually! While estate planning is an essential process that allows individuals to better preserve, manage, and distribute assets both during and after their lifetime, life insurance is the tool that protects and safeguards wealth for future generations. If you want to learn more […]
The Impact of Age and Health on Life Insurance Premiums in Canada
Is there a perfect age for life insurance? Does having perfect health mean you get the lowest premiums? Is it worth getting life insurance in your old age? These are but a few questions that many Canadians have in mind when considering investing in a life insurance policy. The impact of age, health, and various […]
What are the key benefits of life insurance for business owners?
Whether you are an employee, business owner, or self-employed, life insurance is an essential financial product that provides a safety net or financial cover for your loved ones in case anything unexpected were to occur. While many Canadians understand the importance of life insurance, many small business owners in Canada seem to be unclear as […]
Types of Life Insurance Riders to Be Aware of in Canada
For many Canadians life insurance is an essential financial product that protects your loved ones from the financial impact caused in the event of your untimely death. Life is brittle and no one knows when it is their time to leave this world behind. For many, it is not death that they fear but the […]
How Long Does The Life Insurance Claims Process Usually Take?
Life insurance is an essential financial tool that pays out a sum of money or death benefit to your beneficiaries to help cover their expenses and compensate for lost future income. Over 70% of Canadians have some type of life insurance policy to help provide peace of mind and financial security for loved ones. It […]
Retirement Planning: The Role of Annuities and Life Insurance
The best years of our lives often come during retirement, as you can finally do all the things you wanted but couldn’t, as you were too busy working and saving up for the future. Those who successfully plan for retirement can live out the remainder of their lives in comfort and luxury without worrying about […]
How Life Events Affect Your Insurance Needs
As we go through the different stages of life, from infancy to adulthood, our wants and needs change and so do our financial needs and responsibilities. During our transition to adulthood, we tend to only think about ourselves and the present whereas as we age our goals and thoughts change. What becomes more valuable is […]
The Role of Beneficiary Designations in Life Insurance Policies
Having a life insurance policy is the most effective way to safeguard your loved ones financially, in case you were to pass away unexpectedly. It is one of the stepping stones of a sound financial plan. A death benefit isn’t paid out automatically and that is why the role of beneficiary designation is of such […]