The Canadian Life and Health Insurance Association (CLHIA) has published its annual report on the industry’s activities, including claims paid, premiums collected, the coverage Canadians have on average and even how much in taxes the industry has contributed to federal and provincial coffers. In ...
If you’re looking for a flexible and affordable way to protect your financial security so it doesn’t burden your loved ones should you die unexpectedly, term life insurance could be a good option. Here’s what you need to know. 1. What is the difference between term and permanent life insuranc...
For the average consumer, getting the unbiased facts about life insurance in Canada can be challenging. When Money Sense magazine decided to put together a series of articles answering some of the key questions Canadians should consider when looking for life insurance, one of the first people they t...
If the majority of your days are now spent with the kids by your side (or on your laptops), then you most definitely Fakecation like ‘The Family’. Ready to add a little something different to the family routine at home? Here are some fun ideas to help you create a few memories inside! Your Cam...
This week I put on a jacket that I haven't worn for quite a while, and when I reached into the pocket I found a $20 bill. What a great feeling. You gotta love found money. A tax refund is a lot like that. If you're getting a refund, the money was always yours, but you're now being reacq...
Release Date: 03/08/2021 Staff Reference: Kevin Dorse (Toronto, March 8, 2021) – Contrary to misinformation being shared on-line, receiving a COVID-19 vaccine will have no effect on the ability to obtain coverage or benefits from life insurance or supplementary health insurance. The CLHIA is awar...
Life insurance is a product for everyone though it is also quite complex. Whether you have a policy or not, here are 8 facts you should know about it. 1. There are several ways to save on your life insurance premium. Take out insurance when you are young and healthy. The longer you wait, the more y...
In this issue: 2021 TFSA limit announced What is a TFSA and how does it work? Should you use TFSAs and savings to pay off your mortgage? RRSP vs. TFSA: Why the tax free savings account is often the better choice for savers The Wealthy Barber explain...
Do you know that you Don’t Need to Accept Mortgage Insurance from your Bank or Lender? When you own a mortgage, you are often offered a mortgage protection plan by your lender. This is a plan that insures your mortgage against your death and pays the outstanding balance should you be unable to. T...
One of the first decisions that clients need to make when buying life insurance is the type of policy that suits their current needs. This can (and will) change over time. By researching the features of available life insurance policies and working together with an experienced life-insurance age...
What did the Life Insurance Industry Learn During Covid At the onset of Covid, many industries were faced with a tough question; were they essential? I think I, like many insurance advisors, believed that answer to be yes, but wondered if the public would see it the same. What’s more essentia...