How to stake Cardano (ADA) in Canada + MORE Jun 12th

There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
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Medical insurance is typically the first thing that comes to mind when someone mentions travel insurance. But you could get a lot more out of your credit card..... More »
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What is universal life insurance? + MORE Jun 25th

Among your different life insurance options, a universal life insurance policy is one of the most complex. It requires more involvement than both term and whole life insurance policies—so you can’t simply set it and forget it. And you have decisions to make regarding how much you pay, and how th.... More »

How to find affordable home insurance Jul 11th

Affordable home insurance: Does it even exist? According to Ratehub.ca, an aggregator website, the average Canadian household pays $960 per year, or $80 per month, for home insurance. That’s a lot of money when you consider all the other costs that come with owning and maintaining a home.  .... More »
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Home insurance isn’t immune to inflation. Here’s how experts say you can lower those costs Jul 19th

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Life insurance for kids: Do you really need it? Jul 23rd

Buying life insurance for kids is probably the last thing on your mind when you’re in the throes of diaper changes and round-the-clock feedings. But the early stages of parenthood don’t last forever—and it’s never too early to start planning for your little one’s (or ones’) future. W.... More »
No one likes to consider their own mortality, but having a plan is the best way to ensure the loved ones you leave behind are financially protected. Knowing your options when it comes to life insurance is an integral part of that planning process. Read on to learn what you need to know about whole life insurance, one of the most common types of life insurance.

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What is whole life insurance?

Whole life insurance provides coverage for life at a fixed premium, meaning your insurance payments never change. 

When you or the policy holder dies, the policy’s beneficiaries receive a tax-free death benefit—a lump sum payment (based on the amount of coverage you have chosen) that can be used to cover outstanding debt, tuition, mortgage payments or other expenses…

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Like other cryptocurrencies, ADA, the native coin of the Cardano blockchain, has been in a bear market since October 2021—meaning a recent pattern of price declines. Despite this downturn in crypto prices, Cardano seems to be a strong player among the public blockchains that offer smart contract functionality. (Smart contracts are automated digital agreements, written in code, for transactions between different parties.)

Because of a dedicated community of developers and supporters, ADA is regularly among the top 10 cryptocurrencies by market capitalization; as of June 2022, it’s the sixth-largest cryptocurrency, or the fourth-largest if you exclude stablecoins (cryptocurrencies whose value is pegged to the U.S. dollar).

Investors who hold this crypto coin have another route to potential gains: staking their ADA, which earns an estimated 4% to 6% annual percentage yield (APY) as a reward. It’s like putting money in a high-interest savings account and earning interest—except that staking rewards are not guaranteed, not paid in dollars and not protected by the Canada Deposit Insurance Corporation (CDIC)…

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