Category: Insurance Education

If retirement is on the horizon for you or a major milestone you want to achieve, set a clear goal and plan a reward for achieving it to help motivate you. Instead of planning an age or a date, focus on a financial target that will provide the quality of life you are looking for.

What is the definition of Canadian Life Insurance? Life insurance is a contract between the insurance policyholder and the company. If you pass away during the term of the contract, the insurance company promises to pay the death benefit in terms of tax free money to those you designate as beneficiaries. There are many types…

Sound financial planning is vital to grow, look after and secure your assets. Life insurance is a way of securing your assets and dealing with future obligations – over a fixed term or a lifetime. As you age, you have more financial responsibilities like paying a mortgage and raising a family.

Life insurance is more than a safety net for your loved ones. It’s a financial tool you can use during your lifetime for both essential and discretionary purchases. With a properly structured participating whole life insurance policy, you can build a cash value, which you can borrow against for any purpose (from repaying a debt…

What is Mortgage Life Insurance Mortgage lenders and banks offer consumers mortgage life insurance which is meant to clear off a family’s mortgage balance should the borrower(s) die. While this is a convenient option to consider, like anything, there are pros and cons. In the case of mortgage life insurance, the risk and absence of…

Participating policy – What to expect. A participating policy is an insurance contract that pays dividends to the policy holder. Dividends are generated from the profits of the insurance company that sold the policy and are typically paid out on an annual basis over the life of the policy. Most policies also include a final…

Insured Retirement Plans (IRPs) allow you to have your cake and eat it too. In the article, we’ll be exploring what IRPs are, how they work, plus the pros and cons of getting one. Finally, we’ll tell you what kind of individual is best suited for this strategy. Insurance can be complicated. So, before we…