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Term vs. whole life insurance: Which type of policy is best? + MORE Mar 20th
Term or whole life insurance? That is the question. But we have two more questions: What is the difference between these two types of policy? And which one is best for your needs?
Generally speaking, term life insurance is best for those seeking a low-cost, short-term solution. Whole life insuran.... More »
Rising rates are good news for near-retirees seeking longevity insurance + MORE Jun 29th
For years, low interest rates have been a boon to borrowers but a curse to older investors wanting low-risk interest income options. Now, after a decade of minuscule rates, interest rates are starting to inch back up again: another 0.5% as of June 1st. That’s good for GIC investors (guaranteed inv.... More »
Florida's Insurance Test + MORE May 2nd
Will Republicans block an attempt to limit a legal scam?.... More »
Updating Your Life Insurance Policy Jan 19th
A life insurance policy is instrumental when it comes to protecting your family and providing for them financially in the event that one or both parents pass away.
How much coverage is required depends on many different factors. Simply put, when a person dies , that person’s estate (consisting o.... More »
Canada’s best travel credit cards 2020 + MORE May 15th
With a good travel credit card in your name, going on a trip can suddenly become affordable. And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lounge access, amazing insurance coverage and the flexib.... More »
Can Canada Avoid Another Calgary Flood Insurance Debacle?
– ratesupermarket.ca
It was when Fred Seale started receiving concerned text messages from friends offering him a place to stay that he knew something was up. The Calgary resident pulled up the CBC web page from his office – and saw that his neighbourhood of Mission was undergoing a mandatory evacuation. He would be one of the 100,000 Calgarians displaced in the floods that hit southern Alberta from June 20 to 24th.
His top priority: save the musical instruments. “My roommate went home right away and began moving our instruments to the main floor from the jam room – amps, guitars, drums, etc,” says the engineer and aspiring musician. “After that was all moved upstairs, I promptly packed a bag and headed to my girlfriend’s house. I was able to get back into my house five days later to get new clothes, but the power was still out. It was disconnected for another three days, totalling eight days of being evacuated.”
Calgary Flood Insurance Claims Most Expensive In Canadian History
Seale’s account is harrowing, but he’s one of the luckier ones; he’s a renter, meaning he’s not on the hook for any of the damage caused to his home from the rushing waters, which caused $1…
Good Ontario Drivers Are In For A 15% Car Insurance Discount
– ratesupermarket.ca
It pays to be responsible on the road – and now, good drivers in Ontario may be in for hundreds of dollars in savings on their car insurance premiums. The Cost and Rate Reduction Strategy has been put into play by the Ontario government, and will roll out an average of 15 per cent in discounts over the next two years.
That’s not to say every driver will see an immediate 15 per cent discount on their car insurance bill come January; some drivers will be entitled to more of a discount than others, and the decrease will be implemented in stages. It’s expected that the FSCO will lower premiums by three to five per cent in January, and up to eight per cent by August 2014, with the remaining seven per cent by the following year. The discounts are expected to lower the average household premium by $225 – up to 30 per cent for some drivers.
Why Are Car Insurance Discounts Coming?
You can thank the politicians for this one; the Liberal government has mandated the discount at the prodding of the NDP party, who has long advocated for lower premiums…
Help – I’m a Home Buyer!
– ratesupermarket.ca
Venturing into the world of real estate? It can be a jungle out there – but the real fun starts at your bank; tricky mortgage qualification, hidden closing costs and even fraudsters can trip up any intrepid home buyer.
Navigate the home buying process with ease with this week’s tips – from understanding title insurance to boosting your credit score, they’re sure to answer your top mortgage FAQs.
How You Can Lose Your Home To Title Fraud
The deed is signed, the mortgage acquired and the keys are in your hand – there’s nothing standing in the way of owning that home, right? Turns out, you could be vulnerable to scammers pulling title fraud – and they can sneak your home right out from under you.
Here’s how to protect yourself from title fraud, and what to do if you think you may be a victim of identity theft.
Read Allan’s Blog | How You Can Lose Your Home To Title Fraud
12 Ways Home Closing Costs Can Surprise You
So you’ve negotiated your buying price and have scored your mortgage… but your spending days aren’t over yet! Closing costs can be a rude financial awakening for those not prepared – all those taxes, commissions, inspections and insurance fees seem out to drain your wallet of its last dollar…
