In your 20s, life is busy, exciting, and full of plans. There are careers to build, places to see, people to meet, and goals to achieve. Life insurance rarely makes the list of top priorities, as it can seem unnecessary when you’re young, healthy, and just getting started. But that is exactly why your 20s…
The traditional path of starting a family in your ’20s has been slowly shifting towards parents choosing to begin having children later in life. The reasons for this are myriad, however, most commonly, Canadians are working on getting themselves firmly established in a career first, searching for financial stability for their families, getting into an…
For most people, our mortgages are the most significant financial obligation we will ever take on. Unfortunately, as we work hard to make our payments, maintain our homes, and raise our families, few of us stop to consider what happens to our mortgage debt if we pass away unexpectedly — especially if we do not…
Older Canadians without life insurance may think they don’t have much chance of obtaining coverage due to their age and pre-existing health conditions. But luckily, there are options available that will allow you to protect your loved ones from expenses incurred upon your death … and maybe even leave them a bit of a nest…
Earlier in October, the Canadian Institute of Actuaries (CIA) released the sixth and final report of its series, COVID-19 Canadian Insurance Industry Monthly Aggregate Data Analysis, which has taken an intensive look at changes in life insurance claims since the beginnings of the pandemic. The CIA is the national organization of the actuarial profession in…
When someone passes away and they had a life insurance policy, there are two common scenarios as to how it will be paid out. If a life insurance policy has been established to be part of the “estate,” the amount left over after all the bills are paid forms part of the estate’s overall value.…
There are many details to have to think about when a person passes away, and it’s all at a very difficult time. That’s why it makes sense to plan ahead and speak openly with your loved ones about your assets, finances, and, yes, your insurance policies. They may play a part in the proper succession…
Estate planning is something not a lot of us like to think about, especially when times are tough, as they have been in Alberta for the past few years. It can be difficult to think about saving for the future when even day-to-day expenses can be hard to stay ahead of. But as a low-cost,…
Insurance is one of those things that we rarely think about until we need it. And then it becomes invaluable. But instead of ignoring your coverage, tick one item off of the “to do” list for 2018 and resolve to take the time to consider your policies and how you can work with your insurance…