I recently found out that Clarifinancial is now set up for all the provinces in Canada. The reason I’m mentioning this is that they have made quite an impression in the US for their website, which lets people find life insurance in a way that’s quite different than most online offerings. Image by john_a_ward With…
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Category Archives: Insurance
Insurance You Can Do Without – Life Insurance For Your Child
I went to a trade show this past weekend for parents that are either expecting or recently had a newborn. More than one of the booths was pushing life insurance for your newborn. They were marketing it as cheap insurance that will help you save for your child’s future and protect their rates if they…
Insurance You CAN NOT Do Without
A while back Tom did an interesting series on “Insurance you can do without” in the series he pointed out several insurance products you can do without. I thought we should take a look at a few insurance that you CAN’T do without. Life Insurance Many either ignore life insurance in their financial planning or…
Insurance You Can Do Without – Involuntary Unemployment Credit Insurance
Involuntary unemployment credit insurance is another type of insurance you can do without. This insurance might be offered with a credit card or auto loan and will cover your minimum payments, usually for up to 6 or 12 months, if you were to be laid off. While the price can vary from lender to lender…
What is CMHC Mortgage Insurance?
The Canada Mortgage Housing Corporation (CMHC) provides mortgage loan insurance to lenders for home buyers with a down payment of less than 20%, to as low as 5%. However, this is not to protect the buyer, it is used to protect the lender. CMHC insurance guarantees the bank or credit union that it will not…
Insurance You Can Do Without – Credit Life Insurance
Credit life insurance is purchased so that the balance of your car loan or credit line would be covered if you die before your debt is paid. As with many of the policies in the Insurance You Can Do Without series, credit life insurance in too expensive compared to the premiums for term life insurance….
Insurance You Can Do Without – Cancer Insurance
Cancer insurance is a supplemental insurance that will pay an initial amount after you are diagnosed with cancer. Then it will likely cover any amounts for expenses that are not paid by your regular benefits plan. The problem with cancer insurance, or any other kind of disease-specific insurance is that you’re often paying too much…
