Big life events require big investments. When you’re preparing for big life changes - such as buying a house, having a baby, or gearing up for retirement - you’re probably reviewing your finances and considering how you’ll achieve your financial goals. At these moments, it’s a good idea to review your life insurance policy. Does your current policy accommodate your changing priorities? Does your policy fully protect your assets and help secure your family’s future? Here are a few examples of how big life events may change your life insurance needs. Buying a New Home Buying a new home is a significant purchase and often means taking on debt. With the rising cost of home ownership - the average Canadian home now costs $586,000 (up 18% in the past year!) - many Canadian families need two incomes to pay their mortgage. If you were to pass away, would your family...
Are you missing your regular gym workout these days? With the weather turning chillier, maybe you've been less inclined to exercise outdoors the way you may have been doing in the summer and fall. Instead of giving up your daily sweat and crawling under a pile of blankets for warmth this winter, why not try the getting fit in the comfort of your own home? The Many Benefits of Exercise It is no secret that regular physical exercise has a lot of health benefits. Exercise can strengthen your immune system, so you're better able to fight off colds and flus. It can also reduce stress, increase happiness and control weight. Working out is good for your muscles and bones, increases your energy, reduces the risk of chronic disease, helps brain health (memory in particular!), improves sleep quality and has been shown to relieve pain. Why Getting Fit at Home Is...
Shopping for life insurance can be confusing, especially if you’re doing it for the first time. Here are some things to look out for when you’re shopping for the right life insurance. Know what you need Figure out what your individual needs are. But what insurance is best for your needs? When researching life insurance, there are two products you need to know about, term and permanent. Term life insurance is often more affordable coverage for a fixed time period. Permanent insurance is lifelong coverage with a cash value that can by used to leave a legacy or support future financial needs. Use our free online insurance calculator to determine to assess how much insurance you need. Our Life Insurance Calculator asks you some simple questions and will give you an idea of how much life insurance to buy. Shop for Quotes It’s important to shop around when making an important...
Are podcasts an essential part of your day? Listening to these great finance podcasts can improve both your daily commute and your financial literacy. November is Financial Literacy Month in Canada. So, it's great time to increase your financial education. These Canadian podcasts will help you manage personal finances and plan for your future. 5 Great Canadian Finance Podcasts: 1. Mo Money Currently in her 11th season, Mo Money podcaster Jessica Moorhouse delivers personal financial advice in a warm, chatty way. Mo Money gets tackles money and lifestyle through conversations with interesting guests. Moorhouse tackles niche finance topics, that are often ignored by financial planning services, such as Reaching Financial Independence If You’re Single and What’s Its Really Like to Be a New Homeowner. Here’s a recent episode, where Moorhouse and financial planning guru, Shannon Lee Simmons take on baby-proofing your finances. 2. Because Money Podcast hosts Chris Enns,...
