Mortgage insurance or life insurance – which is the better option?
OK – so you’ve bought your dream home! But truth is, you co-own the home with the bank that holds your mortgage. One of the items the bank will request…
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How can insurance be used to save for our children’s education?
We’ve all seen the advertising for RESPs – how the government is offering a financial incentive for putting aside money for your child’s education. It’s not always that simple, since…
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Critical illness vs Disability insurance – one or the other? Or both?
These 2 types of insurance provide coverage for unique needs. Critical illness pays you the benefit if you unfortunately acquire one of the illnesses covered in your policy. The big…
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What is a Health Spending Account and why would it be something useful to me?
A Health Spending Account, also known as an HSA, is a benefit program that is set by a company that provides more flexibility to their employees. Think of it as…
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Term vs Permanent Insurance – Which should I get?
Think of term insurance as TEMPORARY and permanent insurance, as it name states, as PERMANENT. Term insurance comes in multiple forms – T10 (10 years), T20 (20 years), T30 (30…
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Why do I need insurance?
That of course all depends upon your personal and financial situation. If you have a family, you have to ask yourself the question, if something were to happen to me,…
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