How to go about securing the best policy for your insurance in Canada.
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Jonathan Hayward/CP
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(Getty Images / Dimitri Otis)
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Life insurance policies that we obtain at a younger age, we can’t get later in life..... More »
Life Insurance Lessons From Dad
– ratesupermarket.ca
Primetime television clichés often point out dads’ aptitude when it comes to teaching their kids how to throw a baseball or set up the stereo, but there are tons of overlooked lessons dads are good for – like personal finances and properly providing for the family.
Though the concept of the father as “the sole provider” is dated, a recent RBC Insurance study finds the desire to protects one’s family is front of mind for many when choosing coverage.
Dads Plan For Big Events
Shockingly, although 70 per cent of Canadian fathers have a life insurance policy, only two in five know exactly how much that policy is worth, let alone how much their families will need.
For many dads, buying life insurance is often hinged on moments of retrospection, says Cathy Preston, vice-president of Life and Health for RBC Insurance, and often because it’s seen “as the responsible thing to do.”
“Their top reasons for purchasing a policy include income for their partner and children, paying off the mortgage, and financing their children’s education,” says Preston…
