Insurance
Should I buy Whole Life Insurance for my Children?
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 suggested that obtaining permanent insurance for their children is a good idea to invest in their future. Here is the question: Hello! A financial planner thinks it’s a good idea…
Read MoreInsurance for Small Businesses
Being a successful entrepreneur involves access to sufficient capital and business acumen among other necessities. Another important area that requires attention, contingent on the type of business, is insurance to protect business assets from potential risks. This article will look at the types of insurance available to a small business owner, which might be worth…
Read MoreUnderstanding Universal Life Insurance
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 things into your own hands; and make thoughtful investment decisions. Insurance can be an investment vehicle where you can have the best of both worlds. It’s a way to build…
Read More6 Important Tips When Buying Disability Insurance
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 you get sick, or can’t work for an extended period? Disability insurance will replace your lost income from injury or an illness that lasts longer than 90-days, so it should…
Read MoreHow to Score Well on Your Life Insurance Medical Test
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 physical evaluation and a questionnaire session. Passing this test allows applicants to be approved for a life insurance policy. Many insurance companies also offer other benefits to applicants who score…
Read MoreThe Differences between Permanent and Term Insurance
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 Canadians are underinsured, leaving their loved ones vulnerable to out of control expenses and runaway debt. To protect your dependents, you need to first know that there are two types…
Read MoreThe Pros and Cons of Insuring your Children
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 them. Does being a good parent mean insuring them too? We’ll look primarily at life insurance and critical illness insurance from the perspective of an actuary. There’s also a nifty…
Read More5 Types of Insurance to Avoid
Today there seems to be a type of insurance for everything from pets to cellphones. While some types of insurance make sense – term, disability, home and auto – other types can be costly and provide limited coverage. Here are some insurance types to be weary of. Identity Theft Insurance When you sign up for…
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