How to go about securing the best policy for your insurance in Canada.
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5 tips for saving money on insurance costs Oct 14th
Saving money on insurance isn’t as big of a task as you might think. At first, it can feel overwhelming to navigate your insurance bill, looking for ways to reduce your premiums (and future costs too!). But the truth is, by making simple changes to your insurance policies and as well as handling a.... More »
Review: Scotia Momentum® VISA Infinite Card Apr 8th
SPECIAL OFFER: From now through June 5, 2017, sign up for the Scotia Momentum® VISA Infinite card and get a FREE $75.00 gift card upon approval! Choose from The Ultimate Dining Card, Best Buy, Starbucks and Amazon.ca.
Are you looking for a card that gives you up to 4% cash back, travel perks an.... More »
What is tenant insurance? Jul 30th
Tenant insurance, also known as renters or content insurance, is one of the costs of adulting that seems to have no payback. But the reality is that you can’t afford not to have tenant insurance. The cost of a policy (which can range from $15 to $50 a month) is a small price to pay when you consid.... More »
Updating Your Life Insurance Policy Jan 19th
A life insurance policy is instrumental when it comes to protecting your family and providing for them financially in the event that one or both parents pass away.
How much coverage is required depends on many different factors. Simply put, when a person dies , that person’s estate (consisting o.... More »
The problem with involving the PBO in elections Apr 12th
Parliamentary Budget Officer Jean-Denis Frechette waits to appear before the Commons infrastructure committee, Tuesday, February 21, 2017 in Ottawa. (Adrian Wyld/CP)
Yesterday, the Government of Canada tabled legislation to implement Budget 2017. These Budget Implementation Acts (often 2 are neede.... 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…
