How to go about securing the best policy for your insurance in Canada.
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Crazy Celebrity Insurance Policies (2nd Edition) Apr 17th
Welcome to this 2nd edition of "Crazy Celebrity Insurance Policies". Whether it's Tom Jone's chest hair or Jimmy Durante's "nose" for success, be prepared to say to yourself "that's crazy"! One thing is for sure: the average person could not afford these premiums..... More »
If you’re going on vacation, don’t forget travel health insurance Jul 7th
You’ve packed your clothes, toothbrush, extra pairs of socks, sunscreen—and anything else you might need during your vacation. Experts recommend adding travel insurance to the list, whether you’re going near or far.
“We all think, ‘Oh, we’re just going to go away, maybe even for a.... More »
Governors wary of Medicaid cost shift in Senate health bill + MORE Jun 24th
Governors in several states that opted to expand Medicaid under former President Barack Obama’s health care law are wary of the Senate Republican plan to end the added federal funding for it within seven years.
The proposal released Thursday calls for a slower phase-out of the Medicaid expansi.... More »
What types of insurance do I really need and which can I live without? Oct 7th
Life, disability, critical illness. The world of insurance can be confusing. A financial planner weighs in on the ones you might want to consider..... More »
Only answer to rising home insurance rate increases is to shop around May 23rd
Rapidly rising rates for home insurance frustrate consumers, but there’s nothing to be done about it except to shop around, experts advise..... More »
7 Things That Can Void Life Insurance
– ratesupermarket.ca
When Todd Croft’s wife, Chelsea, died of a brain tumour so rare that that BC Cancer Agency had never treated it before, he was at a loss in more ways than one. Not only was the widower left with two sets of twins to care for, but after three months of being off work, the family was also struggling financially. To make matters worse, Chelsea’s life insurance policy was denied.
According to Global News, while in the midst of moving homes, the Croft family missed an automatic monthly payment due to a “glitch” in the system. Five months later, after Chelsea was diagnosed with cancer, she called the insurance company to talk about her policy. They told her it was null and void. Although they had sent notice, the couple had never received it.
Sadly, this isn’t the first time an insurance company has denied a policy. In fact, there are a number of ways your policy can be voided. Although it’s not the most upbeat of topics, you’ll want to know what can and will void your policy before it happens to you or someone you love…
5 Tips: Cheaper Life Insurance For Diabetics
– ratesupermarket.ca
When you have a chronic illness, you’re in a real dilemma when it comes to life insurance. You may need it more than others. However, insurance companies make you pay if you have a condition, particularly if it’s a serious, progressive one such as Type 2 diabetes.
A Lack Of Coverage Where It’s Most Needed
According to a 2012 survey, roughly half of Americans with a chronic condition don’t have life insurance at all. Why? Because they’re afraid they’ll be rejected or the cost will outweigh the benefits. While Canadians are arguably better off day to day in this regard due to our universal health care coverage, diabetics still face steeper life insurance costs.
A Healthier Reality For Rates
Some good news – in recent years, insurance companies have be reassessing mortality rates from common chronic illnesses and have discovered that people with conditions including diabetes, high blood pressure, asthma and some cancers, are living longer than ever before…
