At this life stage, with years of hard work behind you, you can look forward to retirement. What kind of retirement do you want, and how can life insurance help protect your goals? Here are some tips for finding the right life insurance plan in the decade before retirement. Ongoing expenses Ideally, in the years leading up to retirement, you’ll see your expenses decrease and your savings increase. But in today’s world, many professionals are still supporting children while also caring for older family members. In fact, 20% of all working Canadians identify as part of the “Sandwich Generation,” juggling work and caring for both their children and elderly relatives at the same time (Globe and Mail, 2013). If you're older relatives are collecting a pension, then you should make sure that they are paying the proper tax. You can get started with that here. If they are paying too...
***Contest is now closed*** Teachers Life is excited to announce our Me to We Camp Contest! Two winners will be selected to attend Me to We’s Take Action Camp this summer. Me to We’s Take Action Camp brings together classic camp activities like campfires, outdoor games and talent shows with hands-on leadership training — the perfect combination of fun and inspiration! Campers will delve deep into important social issues, gain public speaking skills, volunteer at a local organization and receive expert mentorship from Me to We's leadership facilitators. For more information: Criteria: submission deadline is April 15, 2016 students must live in Ontario and be between the ages of 9-18 students must fill out the application we are looking for students who are active volunteers winners will be able to choose the week they would like to attend (see below for camp schedule) Teachers Life will pay for transportation from...
Building a new life together will take some financial teamwork. Though you are a couple, you may have different financial histories, saving styles and expectations. It’s important to make time to talk about your current finances and future goals. Then create an action plan, together, that includes a way to save, invest and protect your assets – now and as they grow. These tips will help you create a financial plan, together, as a newly married couple. Discuss your current finances and where you want to be 5, 10 and 25 years in the future As a couple you’re compatible in many ways but your “saving styles” may differ. Are you a saver or a spender? Are you comfortable taking investment risks? It’s helpful to determine and compare your saving styles. Knowing each other’s saving styles can help you understand each other and find ways to achieve financial goals, together....
After years of education, young professionals can feel satisfied when they finally kick start their careers. But this is no time to rest on your laurels; it’s time to take charge of your finances and start to plan for what’s next. Do you want to travel, start a family, or buy your dream home? For most young professionals, a balanced financial plan includes savings, investments and insurance. Savings can help you pay for big purchases, like a car or a home. Investing can help your assets grow over time. And as your assets grow, insurance can help you protect the financial foundation you’re building. As a young professional, you may gain access to group benefits at work, which can help you save, invest, and insure. Take the time to understand your group benefits plan. Does it provide enough for you to grow and protect your assets now and in the...
