If you’ve ever thought about what kind of funeral you’d like to have, you might be interested in planning it yourself — or even paying for it while you’re still alive. In fact, experts say it can be a smart financial decision.
The only thing more difficult than committing to a life insurance policy is deciding what kind to buy. Is it better to buy term insurance, or whole life? Should you pay less and invest more, or choose insurance that pays your premiums back or holds value no matter how long you live?
Joe Natiello is facing what you might call a “nice problem to have.” Almost 20 years ago, the 64-year-old Westfield, New Jersey, resident took out a term life insurance policy, to help cover his family in case the worst happened.
Experts say where you put your money depends on your short- and long-term financial goals — and sometimes what tax bracket you are in.
Life insurance is an agreement between an insurance company and a policy owner that guarantees the insurer pays a previously agreed-upon amount of money in the event of the insured’s death.
The increase in the TFSA contribution limit to $6,500 in 2023 is much more than an opportunity to put an extra $500 to work.
From first-time home buyers to employees working from home, there’s better ways to save or get money back this year.
Set life goals, think of the present and future, weigh your contribution to the mortgage, and earn interest all the while, says Lesley-Anne Scorgie.
Despite being healthy, Kelly Burch was in a higher risk category for life insurance because of her BMI.
Here’s how she was able to keep it affordable.
When strategically used, life insurance can offer many advantages.
16 Industrial Parkway South, Suite 609
Aurora, ON L4G 0R4
