We are incredibly excited and proud to introduce our new, digital-first brand nowly. Built on a foundation of Member wellness, community, and best-of-breed technology, nowly is here for all of your individual life insurance needs. Although nowly is owned and operated by Teachers Life, we (Teachers Life) will still be here to cover all group insurance needs for Canadian educators. Here’s a warm introduction to the meaning and value behind our new, purpose-drive, digital-first brand nowly. A new and innovative brand built on the foundation of research. You may be wondering how and why we created our new brand nowly. The process began with a deep and meaningful look into the changing atmosphere of insurance and Canadian’s needs. From this we learned that Canadians want a simple, affordable life insurance plan that was easy to understand, easy to purchase, and includes healthy living benefits. A recent study showed that 40% of Canadians...
By Martha Turner Osborne, CMSO, Teachers Life | nowly Give back, or corporate social responsibility (SR), has been around for some time now. In fact, it’s safe to say SR programs have become table stakes and a normal part of doing business. The question is – are corporations doing enough? Considering recent events whether that be climate change, current pandemic, war, social injustices – is it time for corporations to rethink how effective their SR programs really are and how important it is for businesses to take a leading role in enabling bold and powerful change. I also sense consumers are awakening/reawakening their social activist selves. In other words, our intolerance of hatred, cruelty and injustice towards any living form is reaching a feverish pitch. Although younger generations don’t shoulder the sole burden of change agency, I do believe this groundswell is being ignited by the...
Buying a home and looking into getting some protection for your loved ones? Buying a new home is a whirlwind of excitement, new beginnings, a wonderful investment, and just a tad bit of stress. We want you and your loved ones to relax and enjoy your new humble abode without having to stress about your family’s financial security. To help ease this process, let's walk through some key financial steps to take after buying a home. Talk it Through Talking about money can be awkward and stressful but they’re important conversations to have, especially after a major investment like a property. Ipsos recently conducted a financial study on behalf of RBC, with a population sample of 1,501 Canadians aged 25+. Here are some of their key findings around Canadians and their perceived relationship with their finances: ¼ (26%) of Canadians aren’t confident that their family would be able to pay...
Life insurance can seem intimidating – especially with so many myths floating around. Some people think the process of getting life insurance is long, confusing and unnecessary, particularly if you’re young, single, and receive insurance benefits from your workplace. But the fact is, none of that is true! Buying term life insurance can be easy, affordable, and a prudent step in your financial planning. To set the record straight, we’ve debunked and explained the top seven myths around term life insurance. 1. “You don’t need life insurance when you’re young.” Actually, opening up a term life insurance policy when you are young is the optimal time. Why? Because you typically will pay the lowest rates the younger you are. And, for our term non-renewable life insurance product, your rates will remain level throughout the term of your policy. Our term life policies start at age 18 and are available up...
