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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Why is auto insurance so expensive in Alberta? Dec 7th

Auto insurance in Alberta has been in the news recently with Premier Danielle Smith’s announcement that insurance rate premium hikes for “good drivers” will be capped at 3.7% as of January 1, 2024. The government chose this percentage to match Alberta’s inflation rate in September 2023, the .... More »

How to calculate the taxable amount for a cashed-in whole life insurance policy + MORE Apr 18th

Ask MoneySense I cashed in my whole life insurance policy last year and received a T5 suggesting I have to pay tax on the full amount of my cash value. Is this correct? The cash surrender value was $27,000, I paid $28,000 in premiums, and they told me my pure cost of net insurance was $30,000, whate.... More »

Your complete guide to getting the best car insurance in Canada Sep 13th

Auto Insurance Your complete guide to getting the best car insurance in Canada In under five minutes, get a personalized car insurance quote from one of Canada’s top providers—free of charge. Just tap the button to get started. Get a free quote.... More »

The best travel insurance credit cards in Canada for 2023 Nov 1st

Spend The best travel insurance credit cards in Canada for 2023 Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required. Find my perfect card* .... More »

How GreenShield+ Will Revolutionize Canada’s Health Care and Benefits Experience Apr 14th

Imagine it’s a Monday morning and you’ve woken up with a fever and a pounding headache. Instead of waiting in line at a nearby walk-in clinic, you reach for your phone, open an app and connect with a doctor in a matter of minutes. Do you require medication? Imagine receiving a prescription in re.... More »

Considering tenant insurance? Here’s what you need to know first

– thestar.com

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What is universal life insurance?

– moneysense.ca

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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Buying home insurance in Canada: A beginner’s guide

– moneysense.ca

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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