Insurance policy getting you down? There are always sound insurance alternatives.
Latest News
Why has federal tax revenue exceeded projections? + MORE Jan 2nd
Photograph by Blair Gable
These passages are from the Update of Economic and Fiscal Projections released by the Department of Finance a few weeks ago:
[P]rojected tax revenues are being dragged down by lower expected nominal GDP, while projected expenses are being driven up by higher expected Employ.... More »
A comfortable retirement is closer than you think + MORE Sep 4th
If you live like a typical Canadian then you might not have to save as much as you think for retirement.
Before determining how much Canadians need to save, it’s important to get a handle on how much they spend. A visit to Statistics Canada reveals that the average Canadian household spent $79.... More »
More Mortgage Rules To Come This Summer + MORE May 11th
The mortgage market is getting even tighter for today’s prospective home buyers. The Office of the Superintendent of Financial Institutions (OSFI) has announced yet another slew of mortgage rules. The draft guidelines, which OSFI states “sets out principles that promote and support sound re.... More »
Canada’s new housing risk: uninsured mortgages Jun 12th
Many Canadians are now bypassing mortgage insurance altogether, creating new risks for borrowers and lenders
.... More »
How much does life insurance cost in Canada? + MORE Mar 24th
Life insurance is often touted as the financial safety net we all need, but what if it’s an added expense you’re not sure you can afford? If that’s your thinking, you’re far from alone—a 2019 study showed that most Canadians are underinsured, with 49% having never purchased life insurance.... More »
Secret home insurance discounts
– moneysense.ca
You read about how being mortgage-free and/or owning a new home can save you up to 25% on your home insurance bill in the September/October 2014 issue of MoneySense. Here are 10 more home insurance discounts you may not know about.
Mature discount
Some providers offer 10% off if the insured is 45 years of age or older.
Affinity discounts
Many providers offer discounts for union members, employees of certain organizations and/or alumni of select universities. Be sure to consult your provider’s list of affinity partners to see if you’re a member of any of the participating groups.
Pay in advance
Monthly premiums can be subject administrative costs so ask if it’s cheaper to pay in bulk at the beginning of the year.
Increased deductibles
A deductible is the amount you agree to pay in case of a claim. Your provider covers the rest. Consider increasing your deductible from say $500 to $1,000 or as much as you can reasonably afford in case of an emergency and you should see your premiums fall…
Mature discount
Some providers offer 10% off if the insured is 45 years of age or older.
Affinity discounts
Many providers offer discounts for union members, employees of certain organizations and/or alumni of select universities. Be sure to consult your provider’s list of affinity partners to see if you’re a member of any of the participating groups.
Pay in advance
Monthly premiums can be subject administrative costs so ask if it’s cheaper to pay in bulk at the beginning of the year.
Increased deductibles
A deductible is the amount you agree to pay in case of a claim. Your provider covers the rest. Consider increasing your deductible from say $500 to $1,000 or as much as you can reasonably afford in case of an emergency and you should see your premiums fall…
