How to go about securing the best policy for your insurance in Canada.
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How to make the most of your compensation Jun 20th
How much money do you make? Many people zero in on their paycheques when considering their compensation. Yet experts say workers should regularly check that they’re taking advantage of vacation time and other benefits, lest they leave money on the table.
Employees often receive other cons.... More »
Unique ideas for your last will and testament + MORE Dec 1st
When you write a will, it is your opportunity to ensure your final financial and other wishes are carried out by your executors. given how many people have no will at all, I am happy to see technology is making it easier to prepare and sign a will without having to leave home. But there are circumst.... More »
Video: Is tenant insurance mandatory? + MORE Nov 28th
Tenant insurance is good to have. If you’re a renter, it covers the cost of replacing your personal items after theft or damage. But coverage doesn’t stop there—tenant insurance also protects you in situations where you may be liable, such as accidental property damage or a personal injury.... More »
What is term life insurance and how, exactly, does It work? Feb 24th
When it comes to conversation-starters, life insurance generally doesn’t rank in the top 10. We get it—who wants to think about the end of their own life? But it’s important to know the ins and outs of life insurance coverage so you leave your loved ones financially secure in the event of your.... More »
What to do if you’re a victim of bank account or credit card fraud Jan 12th
Ask MoneySense
We have been defrauded of over $20,000 by someone who was able to make unauthorized e-transfers from our bank accounts. The bank has recovered a small portion of them, and it has refused responsibility for any more. I am at level three of the complaint process, and I am wondering how .... More »
How life insurance can protect from debt risks
– moneysense.ca
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…
Export Development Canada to pay $969M dividend to federal government
– canadianbusiness.com
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.
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.
With the high costs and risks associated with weddings, insurance companies are increasingly offering policies that can cover unexpected scenarios.
