Life insurance is something we all consider at one point in our lives, but what about insurance for our children? Not everyone needs insurance, but if you think your child might need or want it later in life, the time to consider getting it is right now. Many childhood illnesses, such as diabetes, cancer, cystic …
Most people plan their retirement finances assuming a long, healthy, active life, lived in their home of choice. But what happens if nature doesn’t cooperate and at some stage you need extra help and support to get out of bed, get dressed, eat a meal, bathe, or any one of the many basic daily activities …
When faced with an illness that interrupts your employment and your income, Disability insurance is a great solution to replace your income. But most disability plans have a waiting period of one to three months and a maximum benefit amount that is less than your regular income. Critical Illness Insurance (CI) might be a solution …
Does this frighten you? Based on actual experience, 50% of those age 35 and older will experience a disability from illness or injury that results in complete inability to work for 90 days or longer, and typically lasts between 2 and 3 years (Footnote 1). Most people do not have savings sufficient to replace income …
One argument against life insurance is “why don’t I just take the money and invest it”? That is a perfectly good argument IF everyone knew for sure that they weren’t going to be 1 out of 4 Canadians expected to die from cancer, while 15% of all cancer deaths occur in people under the age …
Why buy life insurance? Why not just invest the money? Read More »
Almost everyone likes ice cream. But some people prefer chocolate; others prefer strawberry or soft vanilla. Maybe chocolate or butterscotch dipped! Life insurance comes in a number of “flavours” too. Picking one is not just a matter of taste like your ice cream choice, it is a matter of serving the need you have. In …
What “flavour” of Life Insurance should you buy? Read More »
Life and living benefits insurance is the term used to describe insurance on your life and health, and your ability to work. In this article we will deal with Life Insurance. If you have a spouse and/or children or other dependents, the loss of your life could leave these loved ones financially wanting. A Life …
General insurance is the term used to describe insurance on your home, home contents, or vehicles. It is important to have insurance on these major assets since a disaster to your home and contents, or your vehicle, such as a fire or flood, or an accident, could result in a major expense to replace or …
Insurance is a contract under which an individual receives money from an insurance company in compensation of a loss. The insurance company pools funds from many clients, and also pools their risks. The risk of a catastrophic loss to any one person is shared over many people, as it is unlikely that many will experience …
