If there’s one thing Canadians love more than hockey and poutine, it’s getting the best bang for our buck. Whether it’s a mortgage, rent, or life insurance, we want to make sure we’re investing our money in the right place. But when it comes to mortgage insurance vs life insurance, which one is actually better?  At the end of the day, you want to protect your family and loved ones from unnecessary financial trauma – because losing you is bad enough! Mortgage insurance vs life insurance can be a contentious debate, but for most Canadians, one is the clear winner. […]

Contents insurance is a type of home insurance coverage that offers protection for your personal belongings, such as furniture, clothes, electronics, or jewelry. Contents insurance is regarded as the central portion of a home insurance policy. This article provides a summary of the most important information you need to know before choosing a contents insurance policy, including coverage, limits, and costs. Who needs a contents insurance policy? Contents insurance is especially useful for those who own items in which they have invested a significant amount of money, be it furniture, electronics, or jewelry. However, the cost of a contents insurance […]

There are a number of ways to ensure that your loved ones are taken care of in the event of your death. A universal life insurance policy is one of those ways. Many people get confused with the different life insurance products on the market and are unsure which one is best suited for them.  If you have dependents or a business to protect and have exhausted your tax-advantaged investment options, a universal life insurance policy may be beneficial. However, you need to understand the different life insurance options and how to use them. This guide explores the various life […]

Is disability insurance a good idea? Life has a way of throwing curve balls. No one wakes up on a good day expecting to be involved in an accident or unable to work due to an illness. But it happens even more often than we would like to admit. Disability insurance helps to cover expenses should the unexpected happen. When you find yourself in a situation where you can not keep earning income due to an injury or illness, this can lead to financial anxiety. Bills do not stop. You have to pay for living expenses and/or provide for dependents. […]

If you’re about to buy a house or already have one, you were likely offered mortgage life and disability insurance. If you choose to take life insurance, it can pay off the mortgage balance if you pass away. If you select disability insurance, the policy could make the mortgage payments for you for up to 24 months if you cannot work due to an illness or injury. People sometimes confuse these insurances with others because there are different insurances you may be required to get with your mortgage. Before deciding whether or not you want mortgage life insurance and disability […]

Property insurance policies include various options for liability or property protection. Examples of property insurance packages include homeowner’s insurance, renters, condos, mobile homes, commercial, and flood insurance. This guide reviews several types of property insurance options available in Canada. Property insurance terminology Before considering several property insurance options, let’s compare a few related terms commonly used when describing property insurance offers. Property insurance vs. homeowners insurance Property insurance is a generic term that includes several types of insurance policies. A homeowners insurance policy is a subcategory of property insurance that provides insurance offerings for your house and belongings. Property protection coverage […]

Look around your apartment, could you afford to replace everything you own out of pocket? When you become a homeowner, you need to buy home insurance to protect your property from damages, should they happen. While home insurance is not the responsibility of a tenant, a landlord may require you to have renters insurance as a condition of your lease. Renters insurance is also known as tenant insurance, and can provide many benefits – even if your landlord doesn’t require you have it. Although the concept of renters insurance is relatively simple, there are some considerations you need to make […]