This year at Teachers Life we have the honor of recognizing two exceptional students with the J.F. Allen Scholarship. Our recipients, Amelia Neto of Lorne Park Secondary School and Taylor Dallin of Cardinal Carter Academy School for the Arts, demonstrated exceptional academics and community contributions both within and outside of their respective schools. Amelia is the daughter of Jennifer O’Neill-Neto, an educator with the Peel District School Board. Taylor is the daughter of Jung-Min Yoon, an educator with the Toronto District School Board. Plans for Post-Secondary Education This coming fall, Amelia will be attending Carleton University for Health Sciences. “Since a young age, my unwavering goal has been to attend medical school. I want to pursue a career that will allow me to help others.” Amelia cheerfully describes looking forward to the experience of gaining independence as she moves away from home and grows both personally and academically. Taylor will be...
Purchasing a new home is a big investment – one you want to protect. A good insurance policy can help you do that. If you or your spouse passes away, life insurance can help ensure that your family can pay for your home. When purchasing or revisiting your insurance policy, consider whether it will cover the true costs of home ownership. Plan to cover your current mortgage with life insurance When you’re purchasing a life insurance policy, evaluate how much your income pays for household expenses. On average, Canadians spend 43 per cent of their monthly income on housing-related costs, including their mortgage (Globe and Mail, 2014). If your family were to lose your income in the event of your death, would they struggle to keep up with mortgage payments? If you pass away, an adequate life insurance policy can help pay your mortgage and help ensure that your family...
Financial Literacy is important for everyone! In our ongoing blog series about financial literacy for young adults, Laura Osborne, a young woman in her final year university, has created a reading list that has something for everyone who wants an education in managing their money. The summer of 2020 can be both boring and stressful for everyone. That’s why we wanted to provide a comprehensive reading list for all to enjoy, regardless of your age or stage in life. I’ve compiled our top picks for taking stock of the oh so important topic of personal finances. I’ve divided the list into four sections: teen, young adult, women in finance, and general. I've selected the ones I think are the most interesting and enjoyable reads to pick up this summer. These books can be found online, or at your local bookstore or library! Teens: Financial literacy for beginners Whether you’re preparing...
As we slide into the summer months of 2020 with our social distancing and masked faces, many post-secondary students find themselves under additional unusual circumstances of unemployment. Many are scrambling right now to figure out how this harsh set of financial circumstances will impact their ability to pay for next year’s tuition, rent and other expenses. Students are wondering how this gap on their resumes and lack of entry-level work experience may impact their ability to land their first full time job upon graduation. In this week’s blog, Laura Osborne, a young adult in her final year at McGill University is exploring the ups, the downs and some of the resources available to help students stay busy and help still save some money. Say goodbye to boredom So, the summer job you had lined up fell through when the globe began to shut down. Maybe you didn’t have one lined...
