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Universal Life Insurance Dec 18th
Universal life insurance is a hybrid policy that combines certain elements of both term and whole life. Universal life coverage offers the consumer the benefits of a more conventional term life policy and can build up a cash value more quickly than traditional whole life. It also offers a less rigid.... More »
“A dog bit me! Should I sue?” May 31st
The arrival of the warmer weather means that more people will be out and about. This also means that more people will be out and about with their dogs.
Every summer, numerous people want to speak to me after a dog has injured someone. Some of these people are the owner of the dog; some are the one.... More »
Tax Benefits of Health Insurance Dec 6th
Personal Health Expenses
In many cases health plan related expenses can be declared as tax deductible expenses when filing
taxes. This is true for both individual plans and employee benefit plans.
According to the Canadian Revenue Agency (CRA), the premiums for a private health insurance plan that
.... More »
What you need to know to decide if trip cancellation insurance is worth the cost Jun 21st
Insurance policy getting you down? There are always sound insurance alternatives.
What you need to know to decide if trip cancellation insurance is worth the cost - thestar.comContinue Reading On thestar.com »Why not follow our RSS feed to keep in sync with the latest Canadian Insurance.... More »
Manulife softens spinoff speculation amid leadership transition + MORE Aug 11th
Outgoing CEO tempers enthusiasm for sale of John Hancock insurance and wealth management division as his successor eyes stronger returns on U.S. sales
.... More »
Manulife has become the first Canadian insurance company to offer life insurance to people who are HIV-positive.
When to prioritize debt repayment over saving
– moneysense.ca
In our April 2016 issue of MoneySense, we introduced you to Lindsay Tithecott, a 29-year-old who is trying to pay down debt, build up savings and buy a larger condo. Throughout the year we’ll be giving her a financial challenge every two weeks to help her get her finances in tip top shape. Make sure to follow along! In her last challenge, we asked Lindsay to rethink her budget-busting fitness classes. This week’s challenge involves more budget basics. Challenge No. 2
Lindsay’s budget factors in savings as if they were an expense. This can make budgeting very confusing. So for her second challenge, we asked Lindsay to redo her budget, starting with annual disposable income and not including any savings at all.
To do this, we asked her to take pay stubs from both her full-time job and her part-time job and do the following:
1. Calculate what she earns gross annually from both jobs, then deduct income taxes, EI, CPP, Disability insurance payments, etc. from that amount to get her total net income…
How to sell your car without a guarantee
– moneysense.ca
Q: “I’m selling an older car privately and don’t want to guarantee it. If the buyer gets a safety inspection, am I off the hook?”
—Name withheld, Edmonton, Alta.
A: A provincial safety standards inspection is not a warranty, although it may give the buyer some peace of mind regarding the condition of some safety systems on the vehicle. Instead, prepare a bill of sale or receipt that includes a disclaimer like the one recommended by Ontario’s Used Car Dealers Association, which states: “This vehicle is being sold ‘as is,’ unfit, not emissions tested and isn’t represented as being in a roadworthy condition, mechanically sound or guaranteed.” Sign it, and make sure the buyer does too.
Related: Car insurance in 90 seconds
—Name withheld, Edmonton, Alta.
A: A provincial safety standards inspection is not a warranty, although it may give the buyer some peace of mind regarding the condition of some safety systems on the vehicle. Instead, prepare a bill of sale or receipt that includes a disclaimer like the one recommended by Ontario’s Used Car Dealers Association, which states: “This vehicle is being sold ‘as is,’ unfit, not emissions tested and isn’t represented as being in a roadworthy condition, mechanically sound or guaranteed.” Sign it, and make sure the buyer does too.
Related: Car insurance in 90 seconds
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The post How to sell your car without a guarantee appeared first on MoneySense.
Manulife to offer life insurance to HIV-positive Canadians
– moneysense.ca
TORONTO – Manulife has started to offer life insurance for people who are HIV-positive, a first for a Canadian company, the insurer said Friday.
The company (TSX:MFC) said it made the decision after it reviewed the latest mortality and long-term survival rates of HIV-positive Canadians and gained a better perspective on individual risk profiles.
“Manulife was the first insurer to underwrite people with diabetes, and we are continuing in that tradition by making life insurance a possibility for the more than 75,000 Canadians who have tested HIV-positive,” Manulife Canada chief executive Marianne Harrison said.
The only insurance guide you need »
“This is the result of work completed by our research and innovation team and working closely with our colleagues in the United States at John Hancock.”
The company said applicants who have tested HIV-positive, are between the ages of 30 and 65, and meet certain criteria, can apply for individual life insurance for up to $2 million.
A revolution in drug treatments in recent years has changed an HIV-positive diagnosis from one of a quick death sentence to a chronic disease that can be managed with proper medication…
The company (TSX:MFC) said it made the decision after it reviewed the latest mortality and long-term survival rates of HIV-positive Canadians and gained a better perspective on individual risk profiles.
“Manulife was the first insurer to underwrite people with diabetes, and we are continuing in that tradition by making life insurance a possibility for the more than 75,000 Canadians who have tested HIV-positive,” Manulife Canada chief executive Marianne Harrison said.
The only insurance guide you need »
“This is the result of work completed by our research and innovation team and working closely with our colleagues in the United States at John Hancock.”
The company said applicants who have tested HIV-positive, are between the ages of 30 and 65, and meet certain criteria, can apply for individual life insurance for up to $2 million.
A revolution in drug treatments in recent years has changed an HIV-positive diagnosis from one of a quick death sentence to a chronic disease that can be managed with proper medication…
Benefits like dental care and glasses are taken for granted while you work. In retirement is it better to pay out of pocket for them, or buy insurance?
