How to go about securing the best policy for your insurance in Canada.
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How much life insurance do I need? + MORE Mar 12th
Life insurance can be a tough task to face, but it’s pretty essential to ensure that your loved ones are looked after you die. Grief is difficult enough without having to deal with the stress of not being able to keep up with mortgage or car payments. But how much life insurance do you need? Here,.... More »
Cost Management Strategies for Canadian Group Benefit Plans May 12th
The cost of providing comprehensive benefits continues to rise. Managing group benefits effectively is critical for employers in Canada. The need to find balance between offering appealing group insurance to employees and maintaining financial sustainability is not easy.
Here are some innovative co.... More »
If you’re going on vacation, don’t forget travel health insurance Jul 7th
You’ve packed your clothes, toothbrush, extra pairs of socks, sunscreen—and anything else you might need during your vacation. Experts recommend adding travel insurance to the list, whether you’re going near or far.
“We all think, ‘Oh, we’re just going to go away, maybe even for a.... More »
The best travel credit cards in Canada for 2025 May 8th
To be one of the best travel credit cards in Canada on our list, the card must combine strong earn rates with perks like lounge access, no foreign transaction fees and travel insurance coverage. We’ve compiled this list of the top cards in this category to help you get started.
Best travel cred.... More »
Which Cities Have Cheap Auto Insurance? + MORE Jul 26th
Are you looking for cheap auto insurance in Ontario? Ontario has some of the highest insurance rates in Canada. The average insurance premium in Ontario is estimated at $1,473. According to the Kanetix.ca Insuramap tool, in Brampton, drivers pay about $2,494 and in Toronto it’s $1,948. Thes.... More »
What NOT To Do Before a Life Insurance Medical Exam
– ratesupermarket.ca
A history of eating greasy burgers every day or chain-smoking. These are things you CAN’T hide in your system (heart, lungs) before a life insurance medical exam. But what about a beer the day before, salty chips, Red Bulls and espresso shots? These you MIGHT be able to temporarily hide. And, why should you? So you don’t skew your test results.The night before a medical exam for your life insurance is important and shouldn’t be taken lightly. While the exam might only take 30 minutes to an hour, what you eat, drink – – and do – – might show up in the results. And, that can determine the premiums you’re charged (gulp!).
So, here are a few things NOT to do right before your life insurance medical exam.
Avoid Skimping on Water
Some people avoid drinking water before their exam. But, you should drink plenty of water and have a full glass before your exam. This helps when you take your urine test and you won’t be dehydrated. Dehydration can make it hard for your phlebotomist to find a good vein when they do your bloodwork…
Does a Higher Home Insurance Deductible Mean More Savings?
– ratesupermarket.ca
Home insurance can sometimes be tricky. You know you need a home insurance policy, but how do you find the right deductible amount? On the one hand, you want low monthly payments. On the other, you don’t want a high payment to make if something happens and you have to file a claim. But, what’s the right deductible amount? And, how can you get the most savings? Let’s explore a few ways to calculate your deductible and weigh the pros and cons.
Understanding Your Home Insurance Deductible
Your deductible is how much you as a homeowner and policy owner have to pay out-of-pocket (yourself) for damages to your property. This is the payment you pay before your insurance will make any payment towards the damages or a loss when you file a claim. Let’s look at an example.
Your upstairs neighbor’s tub overruns and it floods your apartment. The damage totals $10,000. If you have a $1,000 deductible, you don’t then send $1,000 to the insurance. No, if the claim is covered by the insurance company, they will send you $9,000 which is the balance of the claim…
