Home / Insurance / What is universal life insurance? + MORE Jun 25th

What is universal life insurance? + MORE Jun 25th

How to go about securing the best policy for your insurance in Canada.
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Should you transfer property to a child and then rent it from them? Jul 27th

I would like to know if transferring our home into our daughter’s name—can we stay and pay rent and get a rental home credit? Is it valid?—Satyesh Tax credits when renting property from a family member There is a lot to unpack with your question, Satyesh, but I will address your direct q.... More »
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Considering tenant insurance? Here’s what you need to know first

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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 those premiums are used. You might be thinking: Life is short enough already, so why spend precious time managing a life insurance policy? Why not stick to a more straightforward solution, like term life insurance? 

Get personalized quotes from Canada’s top life insurance providers.All for free with ratehub.ca. Let’s get started.*Life Insurance QuotesTerm LifeWhole LifeThis will open a new tab. Just close the tab to return to MoneySense.

When the main objective is taking care of your loved ones after you’re gone, it pays to spend time figuring out how to care for them. That’s why you should familiarize yourself with the full slate of possibilities. For those looking for flexible premiums and the opportunity to accumulate wealth on a tax-deferred basis, universal life insurance can be a smart option…

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We’ve created this guide to home insurance to answer any questions you might have: from what it is and how it works, to how much it costs and what it covers.

Home insurance basics:

What is home insurance?How does home insurance work?What does home insurance cover?What doesn’t home insurance cover?How to calculate the value of your belongingsHow much coverage do you need?How much does home insurance cost?How to buy home insurance in CanadaHow to save on home insuranceIs home insurance mandatory in Canada?How to tell if your home insurance settlement is fairFrequently asked questions about home insurance

Get personalized quotes from Canada’s top home insurance providers.Home insuranceRenters insuranceCondo insuranceYou will be leaving MoneySense. Just close the tab to return.

What is home insurance? 

Home insurance is a form of property and casualty (P&C) insurance that protects your home and personal belongings from damage or loss. 

It is designed to cover events that are expected and predictable…

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Banks.ca constantly finds the best and most current Insurance information available in Canada.

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