Living Benefits… like Life Insurance, but you don’t have to die to get them.

Living Benefits are also known as Critical Illness Insurance or Disability Benefits. Why would you consider one of these benefits? Think about this… if you became critically ill and needed months or years to recover from a surgery or ailment, would you have an income? Would you have to drain your savings? Take out a line of credit or a …

Mortgage Insurance VS Life Insurance

Mortgage Insurance vs. Life Insurance: What’s the Difference? You got through the mortgage qualifications, searched high and low in a crazy market for a house and are ready to sign the dotted line for a mortgage on your home-sweet-home. Then the words “mortgage insurance” are brought up. What is Mortgage Insurance? Mortgage insurance is simply a term life insurance policy …

Life Insurance De-Mystified

Life insurance in Canada provides a tax-free benefit to an Estate or named beneficiary, in case of an insured person’s death. For families, life insurance can help prevent the stress associated with a sudden passing and financial obligations such as housing costs, debt, and living expenses.   Who needs life insurance? Anyone whose death would cause financial hardship. This could …

Private Health & Dental Plans

Taking care of our health is so important. One security we feel is having health care coverage. Besides our provincial healthcare plans (such as OHIP or MSP), many Canadians have a group benefit plan or an individual health and dental plan. An advantage of having group or private insurance to cover excess health care costs (beyond what provincial government plans …

Can I just quickly buy some life insurance?

No…not yet! Yes, Insurance is a piece of the puzzle, but this piece tends to be a puzzle of its own. And when I pick up this piece it seems to have its own pieces and a box to go with! Use this as a step one to gain some context for life and other types of insurance. In the …