Insurance
Advanced Term Life Insurance
Readers of Boomer and Echo are likely familiar with term life insurance (see B&E’s previous article on insurance). In years past, simply going to a life insurance shopping website and comparing premiums was sufficient – and that article talks about doing exactly that. But things have changed. Companies are tinkering with their term life insurance…
Read MoreWhen Life Insurance Is Sold, Not Bought
They say life insurance is a product that’s sold, not bought. This decades-old maxim was shamefully brought to light when the Financial Services Regulatory Authority of Ontario (FSRA) looked into troubling sales practices in the life insurance industry. Troubling, indeed. FSRA examined life insurance agents at three firms – World Financial Group, Greatway Financial Inc.,…
Read MoreHealth And Dental Insurance – Not Really Insurance
This article was originally published several years ago and written by insurance expert Glenn Cooke. I’ve received many questions from clients and soon-to-be retirees asking about losing their employer health insurance coverage, so I’ve decided to re-publish this excellent piece today. Many years ago I was working as a student actuary pricing health insurance and…
Read MoreBest Credit Card Travel Insurance For Seniors
About once a month, I’ll get an e-mail from a reader asking about the best credit card travel insurance for seniors. It’s a great question since having travel medical insurance is a must whenever you leave your home province. But figuring out which card is the best can be a bit tricky. You need to…
Read MoreDon’t Make This Life Insurance Mistake
Life insurance is a must if you have a spouse or children who depend on your income to get by. But asking a life insurance agent if you need more life insurance is like asking a barber if you need a haircut. Of course the answer is going to be ‘yes’. Indeed, the life insurance…
Read MoreLife Insurance Made Easy and Affordable
I moved from Calgary to Lethbridge when I was 18 years old. I can’t recall exactly how many times I’ve made the trip down Highway 2, but before I had kids I remember spending much of the two-hour trip in the passing lane driving a good 20-25 km/h above the speed limit. We think we’re…
Read MoreLife Insurance Options For Seniors: How To Avoid Getting Screwed
Ella Beck bought a life insurance policy shortly after her husband died in 2007. She was 71 at the time and concerned about burdening her sons with her own eventual funeral costs. Spotting an ad on TV – one of those ‘no medical exam, no questions asked, guaranteed acceptance’ policies – the grieving widow purchased…
Read MoreWhy You Should Avoid Mortgage Life Insurance
If you own your home, chances are you were offered mortgage life insurance from your bank. This type of insurance is sold by the banks as a flexible, low-cost way to protect one of your largest financial obligations. If you die, get a terminal illness, or suffer an accident, your mortgage life insurance can pay…
Read MoreWhat Exactly Does Your Home Insurance Policy Cover?
I recently received my home insurance renewal notice. The company I deal with merged (or was bought out?) by another company and the accompanying letter advised reviewing the policy to make sure I was getting the appropriate coverage. Being obsessive that way, I did go through it with a fine-tooth comb. I don’t want to…
Read MoreFinancial Planning For Couples: Protecting What You Have
Insurance is one of those expenses we all hate to pay for, but we are very glad we have it if we ever have to make a claim. Auto insurance is a necessity for all drivers and if you have a mortgage on your house, home owner’s insurance is a requirement by your lender. All…
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