Export Development Canada to pay $969M dividend to federal government + MORE Apr 5th

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How life insurance can protect from debt risks
Q: Our 19-year-old son has been accepted into an aviation program. The cost of the program is $100,000. Government Student Loan funding is not enough to cover the program cost, therefore we looked into a student line of credit. Unfortunately, a pilot was not listed as a profession that would get approval for a $100,000 student line of credit; the only option was to use our own personal line of credit.
In order to protect ourselves financially in case something happens to our son, I would like to purchase life insurance but I’m not sure what type of life insurance and if disability insurance is also needed. Once his debit is paid off I would like to see him continue with the life insurance policy so he has coverage if he decides to start a family. Would he be able to increase the policy coverage? Or is it in his best financial interest to incorporate future costs now?
—Diana
A: Diana, this is a great question. This is a good example of life insurance protecting a financial risk, which is one of the main purposes of life insurance…

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OTTAWA _ Export Development Canada is paying a $969-million dividend to the federal government this year.
The payment compares with a dividend of $786 million the agency paid last year and $500 million paid in 2016.
EDC generates revenue primarily from interest on loans, fees on its guarantee products, and premiums on its insurance products.
The crown corporation says it finished 2017 with $60 billion in assets and earned $1 billion for the year.
EDC’s full annual report will be released in the second quarter.
The post Export Development Canada to pay $969M dividend to federal government appeared first on Canadian Business – Your Source For Business News.

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Wedding insurance can cover unforeseen problems, but not a runaway brideWith the high costs and risks associated with weddings, insurance companies are increasingly offering policies that can cover unexpected scenarios.

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