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Ages 13 to 17: Teaching teens to budget Aug 24th
It happens so fast you could miss it. But in their teens, kids need to start moving from thinking about money in small amounts (weekly) to larger amounts (monthly). “They should start getting more money for longer periods of time, but now they also need to start taking personal responsibility for .... More »
Statistics Canada reports real GDP up in January 2024 Apr 1st
Canada’s real gross domestic product grew 0.6% in January 2024, helped by the end of public sector strikes in Quebec in November and December, Statistics Canada said Thursday.
What is GDP?
Gross domestic product (GDP) is a statistic economists use to measure the total amount of goods and se.... More »
What is tenant insurance? Oct 3rd
Tenant insurance, also known as renter’s insurance, is one of the costs of adulting that seems to have no payback. But the reality is that you likely can’t afford not to have tenant insurance. The cost of a policy (which can range from $15 to $30 a month) is a small price to pay when you conside.... More »
What to do when you get laid off Oct 15th
At 7.1%, Canada’s unemployment rate is the highest it has been in four years and people in a variety of sectors have been feeling the pinch. A job loss is difficult for a lot of reasons. On top of the personal feeling of rejection, there can be many decisions to make involving legal, tax, insuranc.... More »
Meet the Advisors Who Are Expanding Wealth and Enhancing Legacy Planning + MORE Jun 16th
Established families and business leaders trust the boutique wealth advisory firm to multiply wealth and maximize estate value. Leveraging innovative and sophisticated financial strategies, they’re creating monumental financial impact.
Movsessian and Kachani speak about establishing the f.... More »
Accident benefits have you covered—but for what, exactly?
– moneysense.ca
Accident benefits might be the last thing on your mind when you’re buckling up in a new ride and tuning into your ultimate road-trip playlist, but they’re important to know. Accident benefits coverage is mandatory across Canada, except in Newfoundland and Labrador. Without it, you would be left to pay the expenses resulting from bodily injury following a car accident.
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What are accident benefits?
The words “accident” and “benefits” may seem at odds in the same phrase. However, in the context of car insurance, they refer to the part of your insurance policy that kicks in if you, a passenger or a pedestrian are injured in a collision—regardless of who is at fault.
Accident benefits cover the driver and occupants of an insured vehicle for “some of the immediate medical expenses that they may incur when involved in a collision,” explains Rob de Pruis, national director of consumer and industry relations at the Insurance Bureau of Canada…
Guaranteed Issue Enhanced Health Insurance
– life-insurance-quotes.ca
Guaranteed Issue Enhanced Health & Dental Insurance
We’re happy to announce that we can now offer Canadians a new “no medical” health insurance plan from Manulife called Guaranteed Issue Enhanced.
What is “Guaranteed Issue”?
Guaranteed issue health insurance is health and dental insurance with guaranteed acceptance. There are no medical questions asked, and everyone automatically qualifies for coverage, regardless of their state of health.
Also referred to as “no medical insurance”, guaranteed health insurance is ideal for people with pre-existing medical conditions who need health, dental and vision care benefits.
Guaranteed Issue versus Underwritten Plans
Most personal (individual) health and dental plans are underwritten. The process of underwriting involves answering medical questions as well as an investigation into the medical background of the applicants. Applicants who have medical conditions that may require prescription drug coverage often see their applications being declined, or they may receive a counter offer where they are offered coverage along with exclusions for those medical conditions…
