There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
Latest News
What is Wedding Insurance and Do I Need It? Jun 24th
If you’re shopping for wedding insurance, chances are the big day is quickly approaching. So, congrats! Planning your wedding can be a very busy time and there’s a lot of stress. You want your day to be perfect and you don’t want to worry about what could go wrong.
What if the gown is dama.... More »
TFSA contribution room calculator Jan 11th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
TFSA is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like exchange-traded funds .... More »
Scotiabank Scrambles to Fix Credit Card Statement Errors Nov 8th
On October 20, 2019, Scotiabank identified a technical error where legitimate charges on certain customers’ credit card statements were mislabeled as “BNS Scotia Life Insurance.” The mistaken charges all took place between October 18 and 20. Many customers were angry and took to.... More »
Why is condo insurance going up? Sep 12th
Condo insurance increases have been making headlines. In B.C., there’s been a significant jump in premiums that are making condo-living increasingly expensive. According to online condominium data resource Eli Report, B.C. condos are bracing for insurance increases that range from 25% to a who.... More »
Credit card mistakes millennials are making Dec 21st
It seems that cost-conscious millennials are so down on being in debt that many are avoiding credit cards altogether. But in doing so they’re missing out on the opportunity to start building a credit history, which is crucial for securing loans, renting apartments and getting the best insurance ra.... More »
Pump Up Your Policy
– ratesupermarket.ca
Do you have enough insurance? Most Canadians would like to think so – but in our recent social media poll, only 34.8% of respondents were confident with their coverage. Life insurance is like an airbag – you really hope you won’t ever have to use it other than to provide peace of mind to your loved ones. But unplanned disability or illness can derail even the best laid plans.
This week. we’ve answered some of your most pressing insurance questions. Read on for the full story.
What Should You Do When Your Insurer is Acquired?
A proposed $4-billion deal for insurance giant Manulife Financial to acquire competitor Standard Life would help the insurer expand its core business and grab a larger share of the Quebec market. But what would an acquisition mean for Standard Life insurance customers? Will they see their coverage change, and options decrease?
Read Gordon’s Blog | What Should You Do When Your Insurer is Acquired?
What Are Insurance Riders? Do You Need Them?
Disability and critical insurance can seem complicated – not only must you choose the right level of coverage, but you also have the option of adding an insurance rider to your policy; as with home insurance, many life insurance policies come with riders…
This week. we’ve answered some of your most pressing insurance questions. Read on for the full story.
What Should You Do When Your Insurer is Acquired?
A proposed $4-billion deal for insurance giant Manulife Financial to acquire competitor Standard Life would help the insurer expand its core business and grab a larger share of the Quebec market. But what would an acquisition mean for Standard Life insurance customers? Will they see their coverage change, and options decrease?
Read Gordon’s Blog | What Should You Do When Your Insurer is Acquired?
What Are Insurance Riders? Do You Need Them?
Disability and critical insurance can seem complicated – not only must you choose the right level of coverage, but you also have the option of adding an insurance rider to your policy; as with home insurance, many life insurance policies come with riders…
What are Insurance Riders? Do You Need Them?
– ratesupermarket.ca
Disability and critical insurance can seem complicated – not only must you choose the right level of coverage, but you also have the option of adding an insurance rider to your policy; as with home insurance, many life insurance policies come with riders. But what exactly is an insurance rider, and how do they work? And what should policy holders be aware of when adding one to their coverage?
What is an Insurance Rider?
An insurance rider is optional coverage you can add to your policy. “An insurance rider is really enhanced coverage or benefit to the policy holder for a cost above the base plan,” says Brian Poncelet, an independent certified financial planner (CFP) and owner of RightInsurance.ca. “You’ll pay additional premiums for additional coverage.”
While the purpose of purchasing an insurance rider is to provide additional coverage, it’s important to be aware that some exclusions still apply that can void your future coverage. “Policy holders may have exclusions at the time of underwriting,” says Poncelet, who adds that, for example, having pre-existing back problems at the time of application for a disability policy can result in no payment down the road if disability is the result of a back injury…
