Life Insurance Canada News:

News from 2014


Ellen Roseman | Personal Finance Columnist, The Toronto Star

Ellen Roseman Personal Finance Columnist, theToronto Star 1. What Type of life insurance do you own? My husband and I both own life insurance as a work-related benefit. I prefer term life to whole life, since I think it’s better to keep investments separate from insurance. I bought a term life policy through my university when our kids were young but discontinued it now that they’re grown up. 2. What factors did you consider when determining the coverage amount? When I ...
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Ten Tax Saving Tips

For many people, tax season has (finally) come to an end. No more chasing receipts or racing to meet the deadline to file. Everything has been submitted and there aren’t many people who would want to even think about next year’s taxes. But now is the best time to prepare. There are many things Canadians can do to lower their tax burden. To help save people money, we have complied some of the best tax saving tips on the web and asked tax expert Michael Storoszko, CPA, CGA, of Storoszko ...
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How Much Does Life Insurance Cost: Five Real-Life Scenarios

With so many insurance calculators out there, sometimes it's important to get real. There are all kinds of life insurance calculators on the Internet, but what does it all really mean when we ask you to click on one at the end of our articles? Is it all just an elaborate sales pitch? Truth is, we're trying to help you. There are so many variables and factors that go into determining how much you'll pay for life insurance that only specific real-life circumstances will suffice in ...
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The Top 5 Life Insurance Company Acquisitions

With the Sept. 3, 2014, announcement that Manulife Financial has acquired the Canadian business of competitor Standard Life for $4 billion, we couldn't help but look back at the other mergers and acquisitions that have occurred in the insurance industry over the years, starting with this latest one. (more…)
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Bringing Families Together with the Parent or Grandparent Super Visa

It has never been easier to visit Canadian family members. Photo by Luciano Meirelles Those travelling to Canada from other countries know that the typical travel visa allows you to stay for a maximum of six months before you have to apply for a new visa and pay a new fee. However, if you're the parent or grandparent of a Canadian citizen, there's a way you can visit your family for a longer period without having to renew your visa. It's called the Super Visa and it allows eligible ...
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The Dumbest Insurance Fraud Attempts Ever: #1

A Former School Police Officer Staged His Own Shooting Jeffrey Stenroos used to work as Los Angeles Unified School District police officer before starting a bizarre hoax leading to a massive manhunt for a fictitious assailant and lockdown of several schools in January 2011. Stenroos claimed to have been shot in the chest by a car burglar near El Camino Real High School in Woodland Hills. This started a massive 10-hour manhunt shutting down streets in the west San Fernando Valley and ...
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Sandi Martin | Financial Planner, Spring Personal Finance

Sandi Martin Financial Planner, Spring Personal Finance 1. What type of life insurance do you own? We own life and disability for myself and my husband, with small life policies for my three children. 2. What factors did you consider when determining the coverage amount? We determined the expenses we'd still have to cover in the event of either death or disability and how much income we'd need to replace, and balanced that against what we could afford to pay in premiums. (more…)
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SSQ Launches Group Insurance Feature

SSQ Financial Group recently launched a group insurance feature that, for the first time, compensates employees who take time off to take care of a terminally ill loved one. The feature is being offered on all group insurance plans that include short-term disability coverage and is the perfect companion to what the person would receive from employment insurance — 55% of their salary. “We supplement what employment insurance offers,” Carl Laflamme, senior vice-president, group insurance ...
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The Top 5 Life Insurance Loopholes with Ellen Roseman

Ellen Roseman gives us the lowdown on five life insurance loopholes. Life insurance is a difficult concept to wrap one's head around. But even when you think you have more than a basic understanding, insurance contracts are embedded with many loopholes and restrictions that often trip up consumers. As the personal finance columnist for the Toronto Star, Ellen Roseman has written about every one of them, so we invited her to take us through them all and share her candid advice on how to ...
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State Farm - State of Confusion (Falcon)

Top 7 Insurance Commercials: #4 State Farm

After a closer look at the great ads of the Dutch Centraal Beheer insurance company, we're heading back to our home continent. Let's step into the second half of our Top 7 Insurance Commercials series and take a closer look at the commercials of none other than State Farm. Love them or hate them, State Farm's ads have the power to burrow into your brain and stick in there. The company has launched a wide variety of campaigns throughout its long history, and many of the ads followed the ...
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