4 Pieces of Bad Life Insurance Tips You’re Being Fed

0505 If you were buying a new computer or a new car, you’d trust the experts to tell you what the best product is. Yet, when it comes to life insurance, everyone seems to have their own opinions on what’s best for you. Life insurance is a very personal decision and wide sweeping axioms about…

Continue reading  

Why a Genetic Non-Discrimination Bill Matters to Insured Canadians

Today, Bill S-201 heads to vote on Parliament Hill. Having passed through the Senate in May of last year, this controversial Bill proposes to prevent and prohibit genetic test results from being disclosed as a condition of receiving goods or services. This prohibition would extend across industries, and you might be already guessing that this…

Continue reading  

Marijuana No Longer Lumped under Smoker Rates for Life Insurance

Over the last month and a half, several Canadian insurers have begun to make procedural underwriting changes to their smoker’s status. Most notably, marijuana’s role in determining life insurance rates is changing on a number of applications. With a growing change of legal status for marijuana underway and expected legislation late next year, it seems…

Continue reading  

Would Game of Thrones Characters Benefit From Life Insurance?

  Season 6 of the much-beloved dark fantasy series Game of Throne has concluded, and to quite a considerable send-off. Death, money, and family intrigue tends to be a central theme in this often fatalistic series. You might notice these factors tend to be a big determiner of why most people buy life insurance. We’re…

Continue reading  

How and Why It’s Appropriate to Insure your Child

It’s a touchy subject among even the thickest-skinned of parents. Taking out life insurance on your child certainly isn’t a decision to be weighed lightly. While you and your partner most likely require life insurance as income replacement, a child has no income to replace, and adds little to no financial value to a family.…

Continue reading  

4 Groups of Canadians at Financial Risk – And Ways They Can Manage It

  Canadians finance is a baffling problem for many of us, because it contrasts so sharply with how we perceive ourselves. Compared to our American neighbors, Canadians typically consider themselves savvier with their money and better planners. Yet there’s groups of Canadians who are at significant risk this day and age. Are you one of…

Continue reading  

When Life Gets in the Way of Life Insurance

  Ask any financial advisor ten years ago how much life insurance coverage you should get. Said advisor wouldn’t even need to look up from his papers to tell you “you want your annual income times ten.” Some advisors may say six, some would say as much as twenty, but it’s always your income time…

Continue reading  

The Big Three – What’s Burning A Hole in Your Pocket and Your Life

  Everything good in life is either illegal, immoral, expensive, or fattening. And it goes both ways. Good health costs money, good insurance costs good health (which both cost money), and spending your life in pursuit of money can have an adverse effect on your health. Life is full of these little trade-offs. But there’s…

Continue reading  

Tax Season is Almost Over – Is Your Life Insurance Subject to Taxation?

  (Bear in mind that the below advice is in no way to be interpreted as financial advice to be used when arranging your taxes. We merely wish to provide useful indicators of taxable elements in life insurance that policy-holders may find useful or insightful. For comprehensive tax advice, please speak to a professional in…

Continue reading  

8 Reasons Debt Is Killing Your Opportunity

  When we talk about debt, we usually separate it into two categories: toxic debt (the bad kind), and every other kind of debt, which we suppose we should call the “good” debt. In reality, all debt is pretty much “bad” debt, because it’s when we don’t take the steps to understand why we’re in…

Continue reading