Insurance

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.

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Whole Life Insurance For My Children

Should I buy Whole Life Insurance for my Children?

By FT December 21, 2021

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…

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…

Most Recent

investing in annuities

Investing in Annuities in Canada – Buying a Pension for Life

By Kyle Prevost December 16, 2023

As a former teacher you might think I’d be the last person who would want to learn more about investing in annuities in Canada.   But…

life insurance canada

Life Insurance for Seniors in Canada

By Kyle Prevost February 19, 2023

Is whole life insurance good for Canadian seniors? Is permanent life insurance a good investment for Canadian retirees? Is term to 100 life insurance worth…

long term care insurance

Long-Term Care Insurance In Canada: Do I Need It?

By Kyle Prevost February 12, 2023

TL;DR: You probably should not buy long-term care insurance in Canada. For many Canadians who are entering retirement, one of the big fears is that…

save on health canada

A Frugal Guide to Healthy Living in Canada

By Meg December 18, 2022

If you’re not paying attention, healthy living in Canada can really cost you.  Out-of-pocket healthcare payments make up about 15% of total health spending in…

new car investment

Is Buying a New Vehicle a Bad Investment?

By Michelle Bates July 2, 2022

Purchasing a new vehicle means accessing the latest features and driving efficiencies available on the market. However, new vehicle models are typically more expensive to…

house poor no more book review

House Poor No More Book Review

By Meg March 26, 2022

House Poor No More: 9 Steps that Grow the Value of Your Home and Net Worth by Romana King is one of those books that…

insurance for investment property

What Insurance Do You Need For Your Investment Property?

By insurancehotline.com March 18, 2022

If you own an investment property, you’re probably aware of how much earning potential your asset offers — especially in today’s housing market. But if…

Whole Life Insurance For My Children

Should I buy Whole Life Insurance for my Children?

By FT December 21, 2021

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…

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…

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