Search Results for ‘life insurance’

Hi All, First time posting but I've been browsing the forum for quite a while. In a nutshell... My father recently passed away and he had a life insurance policy for myself and my two siblings in the amount of $850,000. This policy will be split unequally among the three of us, my brother will...

My benefits through my employer are up for annual renewal. My benefits include basic life insurance of 1x my annual salary ($107K). I have the option to purchase additional coverage up to 5x my salary. If I do so, the cost per month would be $18.90 for $632K of coverage ($525000 + $107000)...

I've been trying to determine if we are self-insured as far as life insurance is concerned. With people discussing various insurance types in the emergency fund thread, I thought it seemed a good time to ask for help. Some context. We have a relatively high net worth (>1M) for our early 30s...

Hi, I am in a different situation than many folks since I am self employed and incorporated. Before I was incorporated, I was maxing out my RRSPs and have some TFSAs too. Now though, it has been pointed out to me that being incorporated, I have the option to pay 15% corporate tax, and then...

Working in the financial services industry I have learned that 90% of people do not understand how their insurance policies work. Why do you think this is? If anyone is looking to find out how their insurance policy works I would be happy to inform them. Most people are spending way to much...

Hi All, My partner and I are planning on purchasing a condo in September. I'm going to summarize our financial standing, and my basic plan, in hope that I'll get some good advise from the benevolent Canadian Money Forums community :) I have: Savings/RRSPs $6,000 in savings $4,400 cash in an...