COVID-19, Loss of Employee Benefits & Conversion Health Insurance Plans + MORE Feb 28th

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This 29-year-old has been laid off twice as a server and is starting from scratch, spending all his savings to study UX design. Living at home, he wants financial help + MORE Mar 16th

Peter, 29, a server working in Halton Region, was laid off for the second time in December, during COVID-19’s second wave. Currently, he’s receiving $1,800 a month (before tax) through Employment Insurance..... More »
 car insurance

The Benefits of Donating a Life Insurance Policy to Charity + MORE May 7th

Life insurance policies cannot only be left to an individual beneficiary, but can be donated to charity. Along with the satisfaction of knowing that you are leaving money to a worthy cause, donating your policy will also have certain tax benefits. Donating your life insurance policy can be accompli.... More »
 health insurance

Should my tenants have renters insurance? + MORE Apr 25th

Renters insurance likely isn’t on the top of your to-do list as a landlord—but it should be for your tenants. And it may deserve a nudge from you. As a property/home owner, you carry your own property insurance, but there are convincing reasons to ask your tenants to have their own policies. Fin.... More »
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How does earthquake insurance work? May 3rd

Earthquake insurance may not be on the minds of many Canadians. And earthquakes may not top the list of likely natural disasters in Canada, but your home could be at risk. According to a study commissioned by the Insurance Bureau of Canada, a major earthquake could devastate communities across the c.... More »
Life insurance, simply put, is an enormous help to your loved ones when you pass on. It can serve to cover funeral and burial costs and pay off any debts you might have, as well as provide for your family so they can maintain the same standard of living once your income is gone. (No one want.) 
If sorting out a life insurance policy is something you haven’t yet ticked off your to-do list, we understand why you might procrastinate: It can be a bit of downer to think about, and the choices can be overwhelming when you don’t know quite how life insurance works or what level of coverage you need. 
But if you have any dependents—spouse, children or anyone else you help support—it’s one of the smartest things you can do to ensure they’re cared for after you’re gone. So, how does life insurance work? Read on for everything you need to know to get started. (Learn how you can use life insurance to leave your family an inheritance.)
Compare personalized quotes from some of Canada’s top life insurance providers*
What does life insurance cover?
Life insurance pays out upon the policy holder’s death, but there are some exceptions, such as death by suicide and risky behaviours such as sky diving…

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COVID-19, Loss of Employee Benefits & Conversion Health Insurance Plans
Unfortunately many Canadians have now found themselves without employee benefits due to job loss as a result of the COVID-19 pandemic.
Not having health insurance coverage can be a source of worry for many of these unemployed Canadians.
The good news is that there are specialized health and dental plans that are specifically designed for people who have just lost their group benefits coverage. These plans are called “conversion health insurance”, and they offer coverage typically found in other health plans (for example, dental, prescription drug and vision care coverage).
Conversion Plans and Eligibility
Conversion health and dental insurance plans are guaranteed issue and do not require answering any medical questions.
To qualify for most conversion plans, however, you must have lost your group benefits coverage within 60 to 90 days of applying for a conversion plan.
If it has been more than 60 to 90 days since you lost your group insurance coverage you can still get personal health insurance (either an underwritten plan or a standard guaranteed issue plan)…

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