There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
Latest News
Do we really need a will right now? + MORE Oct 22nd
In our April 2016 issue of MoneySense, we introduced you to Shannon Jarrett, 37, and her partner Marcin Duran, 34. They’re trying to track their money, come up with shared goals and cash in bad habits. Throughout the year we’ll be giving them a financial challenge every month to help them get he.... More »
Attention, ESG investors: Canada’s biggest carbon-emitting public companies Jan 24th
The effects of climate change are a risk to Canadians and the Canadian economy in more ways than one. There are the direct issues, like fires, floods and storms, increasing in both frequency and intensity (plus threatening lives and homes, and raising home insurance premiums, too). There are financi.... More »
Divorce and life insurance: How to make sure your family stays protected Feb 9th
Jay and Susan (not their real names) spent 15 years building a life together. They bought a house, adopted a dog and started a family—their two kids are the light of their lives. But due to a variety of reasons, they decided that they’d be better people, and better parents, separately rather tha.... More »
Canadian Dental Care Plan news: Coverage expanding on May 1 Apr 26th
How to apply for the Canadian Dental Care Plan
Starting on May 1, the Canadian Dental Care Plan (CDCP)—a federal program designed to make dental care more affordable for those Canadians without access to dental insurance—will be open to more age groups.
Here’s when you can apply fo.... More »
This 29-year-old has been laid off twice as a server and is starting from scratch, spending all his savings to study UX design. Living at home, he wants financial help + MORE Mar 16th
Peter, 29, a server working in Halton Region, was laid off for the second time in December, during COVID-19’s second wave. Currently, he’s receiving $1,800 a month (before tax) through Employment Insurance..... More »
Retirement 100 all-stars
– moneysense.ca
How we came up with the grades
Canada's 100 best dividend stocks
Retirement 100 all-stars
How much will you make in retirement?
We were pleased to see Power Financial (PWF) and the Bank of Montreal (BMO) get top grades again this year, as they did in 2013. Both offer dividend yields approaching 4% and trade at price-to-earnings ratios of just under 13, which is quite low compared to most Canadian stocks.
Three big banks earned solid ‘B’s this year—they are the Bank of Nova Scotia (BNS), CIBC (CM), and TD Bank (TD). Of the bunch, TD offers the lowest yield (at 3.3%) but it has also grown its dividend the most over the last five years.
Insurance firms were popular B-listers too, with Industrial Alliance Insurance (IAG), and Genworth MI Canada (MIC) getting the nod. Genworth is the cheapest of the two on a price-to-book-value basis (at 1.1 times), which reflects the market’s unease with its mortgage insurance business.
Other B-graders include ATCO (ACO.X) and Emera (EMA), which are classified as utilities…
COPD and Life Insurance
– life-insurance-quotes.ca
COPD, an acronym for Chronic Obstructive Pulmonary Disease, causes difficulty with breathing. When it comes to getting a life insurance policy, COPD does affect a life insurance application. However, if symptoms are mild to medium then it is possible to still get coverage. Read on for likely underwriting outcomes and tips when it comes to applying for life insurance when you have COPD.
Greater mobility a key to solving Alberta’s labour woes
– theglobeandmail.com
Changes to employment insurance and tax rules could help persuade Canadians to move to worker-starved areas of the country
Denied Travel Insurance Claim – What Should I Do?
– ratesupermarket.ca
Insurance companies love to collect those premiums. Sometimes, however, they’re less keen to pay out when you have a claim.
Canada’s insurers do usually settle up, of course. With so many companies competing for business, no insurer can afford to have a reputation for poor customer service.
But, particularly when it comes to travel insurance, disputes and misunderstandings occur all the time. And that’s why you need to protect yourself from the outset.
For instance, when you sign up for travel insurance, you’ll be given a ‘travel assistance’ phone number to call in case you need to use a medical service. This is so the insurer can direct you to a pre-approved clinic or doctor where it may be able to control costs.
Pre-Approval is Important
Not calling that hotline can be a costly mistake; failure to receive approval could lead to you’re not getting reimbursed for certain medical costs. So make sure you, or a travelling companion, make that call, if at all possible.
Also be sure to ask the hospital for a detailed breakdown of every service that you received and the costs…
