Life insurance can’t replace you. But it can replace some or all of your income — and ensure those who depend on you are able to live comfortably after you’re gone. In the short term, life insurance can pay off debts, like a mortgage, or provide money for living expenses, like food and clothing. In the long run, it can fund your child’s college tuition or help your spouse fulfill their retirement dreams. People buy life insurance for different reasons, but it all starts with understanding which policy is right for you. Find the Right Policy for You For most people, term life insurance is suff ..read more

Becoming disabled can impact not only your health but also your ability to earn a living. Disability Insurance protects your paycheck — and your loved ones — if you can’t earn a living due to injury or illness. It’s easy to assume that only people with dangerous jobs are at risk of getting a disability, but statistics tell a different story. More than one in five Canadians aged 15 and over have one or more disabilities. This is possible through disability insurance. It protects your most valuable asset — the ability to earn money. Continue reading to learn more about disability insurance and w ..read more

Child life insurance is used to ensure the life of a child. You can add coverage for a child to your term life policy for a small monthly fee. Otherwise, you can buy a standalone whole life or term life insurance policy for your child.   How do I buy life insurance for my son or daughter?  This is one question we get asked a lot. Well, as mentioned before, there are three ways you can buy life insurance for kids. Let’s look at each one in detail.   Child Term Rider If you have an existing life insurance policy, you can add a child term rider to it to cover your childr ..read more

Single vs Joint Life Insurance can provide your dependents with a financial safety net if you pass away. If you buy a home, you get home insurance, if you purchase a car, you get auto insurance, if you have a family…well, it makes sense to purchase life insurance. However, picking the right policy for your situation can be tricky. For instance, is a joint life insurance policy a better option than buying two individual policies, if you are in a relationship? Continue reading to find out the advantages of joint life insurance and if it’s right for you. What is Single Life Insurance? Single lif ..read more

Life insurance is not the most pleasant topic to talk about. It forces you to acknowledge your mortality and plan what would happen if you had to leave someone behind. But facing reality is essential if you want to create a secure financial plan for your loved ones. Life insurance policies can be broken down into two main types — term life and whole life. Continue reading to learn the pros and cons of each and see which one suits your needs the best. What is Term Life Insurance? Term life insurance is the simplest, purest form of life insurance. It is also the cheapest, often costing less tha ..read more

Purchasing a home is a long-term financial commitment. But what happens if you suddenly pass away? Will your family be able to make mortgage payments without exhausting their savings?— mortgage protection insurance. While a standard term life policy can help your loved ones to pay off your home, there’s a special type of life insurance that’s tied to your mortgage. Let’s discuss the ins and outs of mortgage protection insurance to see if it’s right for you. What is mortgage protection insurance? Mortgage protection insurance is a type of life insurance product that pays off your mortgage if y ..read more

When to buy life insurance is an important question and should be a part of your long-term financial plan. While most people are aware they need life insurance, they don’t always know when they should buy coverage. Life insurance is not the most exciting discussion topic. And the process of purchasing it can at times be confusing. However, like death and taxes, it is something you simply cannot ignore. Are you one of them? If so, this post is just for you. Why you need a life insurance policy Life insurance can keep your family afloat if you pass away prematurely. While your loved ones will m ..read more

Having life insurance coverage is one thing. Having ENOUGH coverage is another. Millions of Canadians have life insurance, but roughly 70% of them are not sure if their policy would give their family adequate financial protection. So the most important question you should ask when shopping for life insurance is, how much coverage do I need? In this article, we will explore the factors that impact how much coverage someone needs, and what you should look for when buying coverage. How much life insurance do I need? Your family is unique — your life insurance should be too. “One size fits all” d ..read more

Planning your funeral is not the most pleasant thing to do. But funeral Insurance can spare your family from having to make decisions and worry about burial expenses. Even a basic funeral can cost thousands of dollars. Funeral insurance is one of the most thoughtful gifts you can give to your family. Since it covers all end-of-life expenses, it will ensure your loved ones won’t be burdened with costs after you’re gone. Continue reading to find out what funeral insurance is and if it is right for you. What is Funeral Insurance? Funeral insurance is a type of permanent life insurance product. A ..read more

If you’re looking to buy a home, it won’t be long before your mailbox starts getting flooded with mortgage insurance offers. Mortgage insurance is a unique type of life insurance designed to financially protect your home if you die with an outstanding mortgage. The idea sounds great: Your loved ones won’t have to dip into their savings to avoid foreclosure.    But the most important questions you should be asking yourself are:  Do I need mortgage insurance?  Should I get mortgage insurance or buy a term life policy instead to cover all of your family’s ne ..read more