How to go about securing the best policy for your insurance in Canada.
Latest News
Critical illness and disability insurance in Canada Sep 29th
When I bought my home and car, I also bought home and car insurance—it wasn’t even a question. (Plus, car insurance is mandatory in Canada.) If you own a home or a car, you probably also have insurance to protect your valuable asset. You might also be one of the 22 million Canadians who have lif.... More »
5 Brexit strategies Canadian investors should know Jun 23rd
This article was originally published on Canadian Business
Ahead of Britain’s historic vote over whether to leave the European Union on Thursday, June 23, there has been plenty of speculation about the potential fallout for the global economy, and Canadian investors are no exception. While the fiv.... More »
The Canadian Dental Care Plan is now available to millions more, with coverage starting in June. Here's who's eligible + MORE Jun 1st
The dental plan, currently in its second year, will be available to many Canadians 18 and over, including their children, with eligibility based on household income, insurance and other factors..... More »
How to buy a car in Canada and get the best loan rate Nov 28th
You’ve read the car reviews, done the research and scoured for hours through literature on that car or truck, all while lining up pros, cons, rankings and specs against your budget and wants. You’ve shortlisted the contenders that you most want to press the gas on. That’s it: you’re buying a.... More »
Three Money Hacks That Can Make You Richer Mar 7th
RateSupermarket.ca is pleased to partner with Planswell, bringing you even closer to retirement than ever before. Build your free financial plan today!
Life hacks are usually small, resourceful lifestyle changes that can make your life easier, like turning a milk jug into a watering can, or master.... More »
Alert! Seg funds are on the rise
– moneysense.ca
Watch out if your advisor suggests investing in segregated funds. These insurance-backed investment products come with high fees and are unsuitable for typical investors. But they’re now surging in sales—likely because they don’t fall under new fee disclosure rules for mutual funds, ETFs, bonds and stocks coming into effect this July.“I can see this causing some investment firms to have a bias towards selling seg funds,” says Jason Heath, a fee-for-service Certified Financial Planner (CFP) at Objective Financial Partners Inc. in Toronto.
Data from analysis firm LIMRA bears this out: Gross seg fund sales in Canada are up 9% on a year-over-year basis to $2.49 billion as of Sept. 2015. Seg funds may sound appealing because they guarantee 75% to 100% of your capital, but that security comes at the cost of 3% fees which make it virtually impossible to beat market returns—let alone most mutual fund returns.
If your advisor recommends seg funds, “ask why he’s recommending them and what the advantages are for you,” says Heath…
Google reverses course with closure of car insurance service
– canadianbusiness.com
SAN FRANCISCO – Google is shifting into reverse and leaving behind a service that compares auto insurance prices.
The planned March 23 closure of “Google Compare” comes a year after the Internet search engine expanded the service in the U.S. to allow consumers to get quotes from a variety of auto insurers.
The service currently lists prices from 28 insurers.
Google Compare also allowed consumers in the U.S. and U.K. to look for the best deals on credit cards and mortgages.
Google told participating auto insurers and lenders in a letter that the comparison service didn’t attract as much traffic as it anticipated.
The comparison service had spurred speculation that Google was laying the foundation to sell auto insurance itself, something that the Mountain View, California, company denied was in the works.
The post Google reverses course with closure of car insurance service appeared first on Canadian Business – Your Source For Business News.
The planned March 23 closure of “Google Compare” comes a year after the Internet search engine expanded the service in the U.S. to allow consumers to get quotes from a variety of auto insurers.
The service currently lists prices from 28 insurers.
Google Compare also allowed consumers in the U.S. and U.K. to look for the best deals on credit cards and mortgages.
Google told participating auto insurers and lenders in a letter that the comparison service didn’t attract as much traffic as it anticipated.
The comparison service had spurred speculation that Google was laying the foundation to sell auto insurance itself, something that the Mountain View, California, company denied was in the works.
The post Google reverses course with closure of car insurance service appeared first on Canadian Business – Your Source For Business News.
How Much Are Workplace Benefits Worth?
– ratesupermarket.ca
Are you among the lucky Canadians who receive benefits? You may be interested to know that the five most common employee benefits include health and dental insurance, group life insurance, training expenses, vehicle allowances, and gifts and awards, according to the Canadian Payroll Association.
But do you know just how much those perks are work? (Combined can easily be worth about 20 per cent of your total compensation package.) Without insight into the value of those benefits, how can you make knowledgeable choices about who you work for and what they’re offering?
Check What’s Available Before You Need It
Most Canadian workers have only a passing understanding of their workplace benefits– until they need to make a claim, of course.
Then, they’re either grateful for the protection the plan provides, or disappointed to find that their expenses aren’t covered. The trick, however, is to know where you stand beforehand – particularly if you’re contemplating a job search.
Although they vary sharply across companies, employee benefits are designed to add value to your overall compensation package…
