Insurance

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 of having to pay exhorbitant premiums just to keep your existing life insurance policy in force – and with those premiums continuing to increase year over year. Life insurance companies…

Read More

Deciphering the Insurance Puzzle – II (Universal Life, Disability, Critical Illness)

By FT / July 20, 2010 /

In the last article, I briefly went over CMHC, mortgage life and term life insurance, lets continue with other insurance options that are out there. Universal/Whole Life Insurance This insurance option, I’ll admit, I’m not a fan of.  Although I don’t have direct experience with Universal or Whole Life insurance, I know that they are…

Read More

Deciphering the Insurance Puzzle – I (CMHC, Mortgage Life, and Term Life)

By FT / July 19, 2010 /

One aspect of personal finance that is often overlooked is insurance.  It’s often viewed as a product that is not needed, confusing, and/or simply expensive.  My view is that there are some insurances that are essential to have, and perhaps even a foundation of personal fiscal health.  This post originated from an email received by…

Read More

Some Common Questions About Annuities

By Guest Blogger / March 30, 2010 /

After a post last week about how annuities work, there were a lot of questions in the comments and via email from readers (and Kathryn).  Below is a list of common questions and answers about annuities.  If you have any additional questions, please add them to the comments. What are the advantages of annuities? You…

Read More

Protect Your Savings: CDIC and CIPF Explained

By FT / February 4, 2009 /

Since the inception of this blog, I’ve received numerous emails from readers asking where to put larger deposits.  Most know about CDIC (Canada Deposit Insurance Corporation) and how it protects most accounts up to $100,000, but what about amounts greater than $100,000?  What do you do then?  What exactly happens to your money if a…

Read More

Using Universal Life Insurance with Corporations

By FT / October 2, 2008 /

This is another guest post by Brian Poncelet who is an insurance specialist and independent certified financial planner (CFP) working in the financial services industry since 1994. Along with insurance, Brian Poncelet focuses on mortgage and retirement planning. Most personal finance enthusiasts will know that Universal Insurance may not be the best deal for everyone. …

Read More

Disability Insurance Feature – Return of Premium

By FT / July 14, 2008 /

I’ve been getting quotes for own occupation disability insurance from various insurance agents and they all promote the “return of premium” feature as being the best thing since sliced bread. Whenever a sales person promotes a product aggressively, my suspicion sensor trips and sets off an alarm. In my experience, heavily promoted financial products are…

Read More

Risk Management via Insurance – Critical Illness Insurance

By FT / July 10, 2008 /

This is a guest post series by Brian Poncelet who is an independent certified financial planner (CFP) working in the financial services industry since 1994. Along with insurance, Brian Poncelet focuses on mortgage and retirement planning. Overview of Critical Illness Insurance Critical Illness (CI) insurance pays a lump sum benefit upon diagnosis of one of…

Read More