Estate planning is the process in which a person plans the transfer of their estate they pass away. This can include property, money or investments. Wills are a common way a person establishes their wishes for how their estate will be distributed and taken care of after their death (Ontario Ministry of the Attorney General, 2020). Power of attorney, life insurance, trusts and living wills can also be important aspects of an estate plan. Estate planning is important because it can help ensure your wishes are understood. The distribution of your assets and life insurance payout can also make sure your family is financially supported in the event of your passing. Still, many Canadians do not have a signed will. Even among those who have an estate plan, many people don’t revisit or revise it, even as their needs change. Planning for your family’s future is not only important -...
Discussing life insurance with your spouse, parents or children can be tough. Talking about death and disability isn’t easy. So it’s no wonder that an online survey conducted in the U.S. found that parents would rather talk to their children about almost anything else, including drugs, alcohol and religion, rather than life insurance (LIMRA, 2012). It may not be easy, but talking about life insurance with your family is important. It can help you and your spouse create a solid financial plan, allow you to better understand if you have enough coverage to protect your financial goals, and help prevent confusion about your final wishes if you do pass away. Here are three tips for how to start the difficult conversation with your spouse, children and parents. 1. Make a date Whether you’re dating or have been married for several years, many financial advisors recommend couples set aside time to...
On June 18th we fired up the grills for the Teachers Life 9th Annual Charity BBQ. The weather was perfect, our customers were hungry and the raffle prizes were irresistible – the stage was set for a record-breaking fundraising day. We are pleased and excited to share that we raised over $3000 for Free the Children! Friends and hungry neighbours: Thank you for coming to Teachers Life to grab a delicious burger last Thursday. You made it a fun and prosperous day! We’d also like to give a shout-out to everyone who supported our fundraising efforts by purchasing a raffle ticket (or 6!). A special thanks to the TDSB, Burnhamthorpe Learning Community, District 12, and District 19 offices for their amazing generosity. Over 40 prizes were donated for the BBQ raffle table. We received generous contributions from our great partners OTIP, ExamOne, Vintage Hotels, RKM Promotional, The Old Mill, Aon Benfield, Metro, Fusion,...
We're excited and proud to announce the 2015 J.F. Allen Scholarship and Bursary Winners! Congratulations to Anash Chowdhry and Hailey MacLeod, our J.F. Allen Scholarship winners! Anash is son to Member Shama Chowdhry of the Toronto District School Board. Hailey is daughter to member Janet McLeod of the Hamilton-Wentworth District School Board. Congratulations also go out to the following J.F. Allen Scholarship runner ups: Evangeline McLaren Devenyi, Lauren Peters, Nicole Peters, Lauren Digby, Gillian Mayo, Brendan Masters, Isaac Seifarth, and Mateo Dorado-Troughton. This year's Teachers Life Bursary goes to Devon Gale and Samantha Hepperlee. Congratulations ladies! Devon is the daughter of Tonya Gale with the Greater Essex District School Board, and Samantha is the daughter of Ralph Hepperlee with the Toronto District School Board. This was an exceptional group, each student with a very promising future ahead of them. We look forward to hearing many great things in future from these scholars. Thank you to all those that entered! Have a child or grandchild planning to graduate in 2016?...
