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Graduating Students and Guaranteed Health Insurance Oct 7th
Oftentimes graduating students have pre-existing medical conditions that will no longer be covered by their student health insurance.
If a graduate is able to get employment and if their employer offers employee benefits then their medical conditions will be covered by these group benefits. However,.... More »
Compare car insurance quotes from Canadian providers May 11th
Auto Insurance
Compare car insurance quotes from top providers in Canada
In under five minutes, get a personalized car insurance quote from one of Canada’s top providers—free of charge. Just tap the button to get started.
Get a free quote now* .... 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 »
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 »
Insurance you need and don’t need + MORE Dec 17th
(Paper Boat Creative/Getty Images)
Q: What insurance should I get besides life insurance? How do I find the right insurance?—Jizza
A: I think it’s prudent, Jizza, that you are considering your insurance needs. Ignorance is not bliss when it comes to your finances and in particular when it comes .... More »
Can life annuities mimic pensions?
– moneysense.ca
Darren would like a worry-free retirement. So he wonders if life annuities would allow him to match his wife’s public-sector pension plan. “I want to be sure I’ll have income for the rest of my life, no matter what happens to the markets,” he says. “Essentially, I want a pension, [without having to] worry about the company going out of business.”
He wonders, however, about the potential pitfalls and risks of annuities. “What happens if the insurance company that supplies my annuity goes under? Is there something else I should consider?”
Darren is now only 38. He aims to retire at 55, with the mortgage on their home paid off, about $600,000 (today’s dollars) saved in his Registered Retirement Savings Plan, plus extra tax-free savings.
Many others are wary of handing their savings over to a life insurance company. Most prospective buyers of annuities tend to live longer than average, but some fear dying early and leaving money for strangers to enjoy what’s called a mortality credit…
He wonders, however, about the potential pitfalls and risks of annuities. “What happens if the insurance company that supplies my annuity goes under? Is there something else I should consider?”
Darren is now only 38. He aims to retire at 55, with the mortgage on their home paid off, about $600,000 (today’s dollars) saved in his Registered Retirement Savings Plan, plus extra tax-free savings.
Many others are wary of handing their savings over to a life insurance company. Most prospective buyers of annuities tend to live longer than average, but some fear dying early and leaving money for strangers to enjoy what’s called a mortality credit…
