Life insurance is a fairly popular service among Canadians. It allows you to provide your relatives with a fairly large payout after the death of the policyholder. The money can be spent for any purpose, so the insured person thus helps relatives cope with financial problems. However, many Canadians are wondering: is life insurance taxable… Continue reading Is Life Insurance Taxable in Canada
Category: Insurance
How Does Life Insurance Work in Canada
Life insurance is an important issue that concerns many Canadians. However, not all of them dare to take out life insurance. We all want to live happily ever after, and we don’t think about what will happen when we are gone. But life is unpredictable, and people who do not want to burden their loved… Continue reading How Does Life Insurance Work in Canada
Gig Economy in Canada & Life Insurance
The gig economy in Canada has grown rapidly in recent years, so the importance of providing for this demographic is growing. Its trend has been heavily influenced by the pandemic, where many Canadians have had to rethink their positions and look for freelance work. Gig workers and self-employed citizens are now a key part of… Continue reading Gig Economy in Canada & Life Insurance
Mortgage Default Insurance: What It Is and Why You Need It
Canadian banks only grant mortgage loans to financially reliable borrowers. There might be cases when they require mortgage default insurance to qualify for household financing with them. What is default insurance? Which specific features of it should you know? This article contains the answers to the most urgent questions about it. What Is Mortgage Default… Continue reading Mortgage Default Insurance: What It Is and Why You Need It
5 Most Common Mistakes that Canadian Families Make in Life Insurance
A recent survey conducted by the PolicyMe portal on statistics on life insurance services showed that many families with children use the services provided by a life insurance policy. But there is sad news as well: the survey also resulted in the majority of respondents making the five most common mistakes that cost them extra… Continue reading 5 Most Common Mistakes that Canadian Families Make in Life Insurance