Should I buy a life insurance? Should I buy one for my children? What is a Universal Life Insurance? How does disability insurance work? Which insurances to avoid altogether? Learn about the ins and outs insurances in Canada on Million Dollar Journey, one of Canada’s oldest and most detailed Personal Finance blogs.

Most Recent

Canadian Expats Category

Insurance and Wills for Canadian Expats

By Kyle Prevost February 27, 2021

When I talked to several non-resident tax and investment specialists during my Covid quarantine-induced expat research frenzy, the topic that kept coming up as “the…

Whole Life Insurance For My Children

Should I buy Whole Life Insurance for my Children?

By FT November 7, 2016

A reader, Arlene, recently asked a question in my article “investing on behalf of kids” about obtaining “Whole Life Insurance” for their young children.  A financial planner…

What Is Universal Life Insurance

Understanding Universal Life Insurance

By Chantal Marr July 27, 2015

As a society, financial independence is what we’re all striving for, particularly in this unstable economy. The best way to achieve it is to take…

Tips When Buying Disability Insurance

6 Important Tips When Buying Disability Insurance

By Guest Blogger May 18, 2015

We buy insurance to protect a lot of things: life, liability, health, vehicle, and home are only a few. But, what will you do if…

How To Score Well On Your Life Insurance Medical Test

How to Score Well on Your Life Insurance Medical Test

By Guest Blogger March 16, 2015

Applicants looking to purchase a life insurance policy usually have to go through a life insurance medical test. This test consists of two components: a…

Differences Between Permanent And Term Insurance

The Differences between Permanent and Term Insurance

By Guest Blogger February 25, 2013

This is a guest post by CFP,  Brian Poncelet. Life insurance is a critical component to every family’s financial well-being. And yet, over 10 million…

Pros And Cons Of Insuring Your Children

The Pros and Cons of Insuring your Children

By Guest Blogger November 5, 2012

This is a guest post by Promod Sharma, an Actuary based out of Toronto, ON. You (probably) love your children and want the best for…

Life Insurance Policy

Is your Life Insurance Policy about to Implode?

By Guest Blogger September 8, 2010

This is a guest column by insurance specialist Glenn Cooke. Your life insurance policy may be about to implode. You may be on the verge…

"I've completed my million dollar journey...

Want some help with yours?”

Instantly download our free eBook on tips for how to organize your RRSP, TFSA, and other investments, in order to get the most out of your retirement at any age.

Can I Retire Yet single laptop (1)