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...
A Healthy Balance COVID-19 meant big changes for everyone. Suddenly we all were working from our living rooms. Not only that - we had to share that living room with spouses and kids! At Teachers Life, we were curious how our Members were coping with these changes. We also wanted to know their tips for managing work and family while stuck at home. So, we ran a contest to see who had the best advice for maintaining a healthy balance while working from home. Read the advice from our winning entries:
At Teachers Life, one of our communication goals as a financial service provider, is to also provide helpful financial tips and education for our Members – and all Canadians - including youth. Financial literacy is important at all ages, but you could argue, most critical while you are starting your adult life and taking financial planning, saving and spending responsibilities for the first time. A healthy approach to all three areas is key to a financial secure future. In this 4-part blog series, Laura Osborne, a young adult in her final year at McGill University is exploring what young adults (and their parents) need to know about to take control of their financial future. So where do we start? I’m in my early twenties, finishing my final year of my undergraduate degree at McGill University. Financial planning and saving seem like luxuries at this stage in my life. But, as...
Financial planning - including insurance terms - can be confusing. If you’re just starting out in your career, recently got married or are currently growing your family – you know you need to review your financial plan. Sometimes the language that insurance companies (and insurance policies!) use can be overwhelming. But don’t industry terminology prevent you from getting the secure financial protection your family needs. Here is a starter guide to insurance terms to help you break through the jargon: Policyholder The person who owns an insurance policy. It’s important to remember that the person who owns the policy is not necessary the person who is insured by the policy. Premiums The amount you pay to buy insurance. The premium is usually paid monthly, quarterly or annually. The amount of your premium may change over time. Term Life A type of life insurance that provides coverage for a...
