New study highlights trends in Canadian term life insurance + MORE Feb 25th

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Best high-interest savings account rates in Canada

Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest rate is a no-brainer…

Ask MoneySense
My wife and I plan to retire at the end of 2027. I am 63 and my wife is 53. All our investments are split 50/50 between RRSPs and LIRAs for a total of about $1,450,000. We anticipate needing about $110,000 a year after tax in retirement. We have a line of credit, and we are paying it down by $36,000 a year. It will be paid off in 2027. With the age difference, are we okay to retire as planned or do we need to work a little longer? Also, when people make plans, and plan to sell their home in 20 years, do they really do that?  

—Kenny

Hi Kenny, I’ll answer your last question first, which essentially is, when people create a retirement plan, do they stick to it? My observation is yes and no. Everyone has things they enjoy doing and will likely continue doing. Plus, there are the additional things you will want to try. But over time things change, personally and financially, for all kinds of different reasons. For that person who plans to sell their home and live off the proceeds 20 years from now… who knows? It is an option that made sense when the plan was constructed…

When you’re starting a relationship, money might not be the first topic on your mind—but it can make or break a partnership. According to the 2026 Love and Money Benchmark Survey from Money Mentors, nearly 1 in 5 Canadians (17%) have considered ending a relationship because of financial issues—up 11% from last year.

Financial stress isn’t just about numbers; it takes an emotional toll. More than half of couples surveyed (52%) reported anxiety, poor sleep, or depression after arguing about money. The most common triggers? Day-to-day spending (28%) and insufficient savings (24%).

To help navigate these tricky conversations, we spoke with Stacy Yanchuk Oleksy, CEO of Money Mentors, who shares practical strategies couples can use to talk about money openly and reduce conflict.

The hidden side of financial stress

It’s not just arguments that reveal financial tension. The survey found that 11% of respondents admitted to lying to their partner about personal finances to avoid conflict, and 13% have considered lying about it…

Choosing a term life insurance policy is a balancing act: how much coverage do you need, who should benefit, and how long should the policy last?

If you’ve ever wondered how your choices compare to other Canadians, PolicyMe’s newly released 2026 study, Canadian Term Life Insurance: A Market Snapshot, provides some answers. The study analyzed over 18,000 customer interactions and highlighted coverage preferences, beneficiary choices, and generational health habits.

$500,000 is the sweet spot

Across age groups, $500,000 is the most commonly selected term life coverage. Younger Canadians (ages 18–44) also prefer longer terms (often 30 years), while older adults (45+) tend to select smaller coverage amounts and shorter terms.

Age of respondentsCoverageTerm length18–29$500,00030 years30–44$500,00030 years45–59$250,00010 years60+$100,00010 years

The pattern is clear: life insurance needs mirror life stages. Young adults with mortgages, car loans, or growing families lean toward larger, longer policies…