Insurance policy getting you down? There are always sound insurance alternatives.
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Governors’ ideas on how to improve the economy tend to mirror Washington’s partisan divides + MORE Feb 23rd
WASHINGTON – The nation’s governors sound every bit as divided as Washington lawmakers on how best to help the nation’s economy.
Democratic governors such as Maryland’s Martin O’Malley and Connecticut’s Dannel Malloy are making pitches to raise the minimum wage as.... More »
5 reasons to buy life insurance—right now Aug 20th
If you’re working to improve your financial situation, a few strategies may come to mind: paying down debt, building an emergency fund, investing inside a tax-free savings account (TFSA) or a registered retirement savings plan (RRSP), or putting your money in other savings vehicles. These are all .... More »
Is a personal injury settlement taxable, and can it impact OAS or GIS benefits? + MORE Aug 19th
Q. I received a small settlement for an Ontario car accident, which my lawyer says is non-taxable, and so noT4A will be issued. If I deposit the funds into a bank account, will this one-time settlement clawback my OAS and GIS benefits?
–J
A. I’m sorry to hear about your accident, J. Hopefully .... More »
Dating dilemma: When to talk about finances Mar 16th
When it comes to popular first-date conversation topics, credit scores and debt levels aren’t at the top of the list. Even committed couples may find it hard to broach financial topics like retirement planning or estate planning. But as the cost of living goes up and people try to plan for the fut.... More »
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 »
Are alternative energy suppliers a good deal?
– moneysense.ca
Q: I recently switched to a company that supplies both electricity and natural gas in my area. Are these alternative suppliers a good deal?
—Ken McDougall, Guelph, Ont.
A: I have insurance on my home, my car and on my life. I spend the money each and every month to protect my family in case something catastrophic happens. But I don’t have insurance on my home heating bill. Alternative energy suppliers are essentially offering insurance that will protect you from variability in electricity and gas prices. However, that protection comes at a price. If your budget is stretched really thin, predictability may be helpful to you. But for most people, an increase in energy prices is not likely to cause serious financial hardship.
If you can stand some ups and downs on your utility bills, it isn’t worth paying more, says Trevor Johnson, an analyst at National Bank Financial. “You will pay quite a premium for the price certainty. If you just let it ride, rates would typically have to rise quite aggressively for the consumer to end up spending more money…
—Ken McDougall, Guelph, Ont.
A: I have insurance on my home, my car and on my life. I spend the money each and every month to protect my family in case something catastrophic happens. But I don’t have insurance on my home heating bill. Alternative energy suppliers are essentially offering insurance that will protect you from variability in electricity and gas prices. However, that protection comes at a price. If your budget is stretched really thin, predictability may be helpful to you. But for most people, an increase in energy prices is not likely to cause serious financial hardship.
If you can stand some ups and downs on your utility bills, it isn’t worth paying more, says Trevor Johnson, an analyst at National Bank Financial. “You will pay quite a premium for the price certainty. If you just let it ride, rates would typically have to rise quite aggressively for the consumer to end up spending more money…
Insurance Questions You Were Afraid To Ask
– ratesupermarket.ca
Do you know whether your insurance coverage is enough? Protecting yourself and your family against the unforeseen just makes good financial sense – but dealing with insurance companies isn’t always black and white.
This week, we’ve explored some of the tougher insurance situations, from getting coverage when you’re sick, living with a chronic condition, and what to do if that safety net fails. Read on to learn more.
Can You Get Life Insurance If You’re Already Dying?
Discovering you have a terminal illness is devastating enough – not knowing whether your family will be provided for makes it even tougher. There are insurance coverage options for those living with a disease or condition, but they can come with additional restrictions. Here’s what you need to know.
Read Allan’s Blog | Can You Get Life Insurance If You’re Already Dying?
5 Tips: Cheaper Life Insurance For Diabetics
Living with Diabetes, whether from childhood, or later in life, can be costly. Diabetics may have differing insurance needs than others – and more hoops to jump through with the insurance company…
