Yes! Totally.

🔲 If you are buying a simple term policy and you have someone at your bank that you enjoy talking to (and trust), do it! Bank insurance is better than no insurance - do it. Now.

🔲 Be weary of whole life/permanent policies that feel 'salesy' from your friends or network (you k...

Work coverage is great because it is cheap, you don't have to qualify for it - an absolute no-brainer. However, the average policy in a group plan is two times salary earnings (usually not including commissions or bonuses). If you make $100,000 a year, that is only $200,000 in life insurance.

Here's the skinny, most people do not need expensive permanent life insurance, cheap term insurance will do just fine.

If you are buying life insurance to cover your debts or replace your income, you only need term. Term insurance is ten times (or more) cheaper than a permanent life insurance ...

First, we determine how much you spend; without knowing what your ideal quality of life now looks like, it’s impossible to predict the future.

Next, how many years until you retire? What will your life cost you at that point?

𝗛𝗼𝘄 𝗺𝗮𝗻𝘆 𝘆𝗲𝗮𝗿𝘀 𝘄𝗶𝗹𝗹 𝘆𝗼𝘂 𝗹𝗶𝘃𝗲? No crystal balls here, but we usua...

As an (almost) 40 year-old, non-smoking male, I pay about $600 a month for my disability and critical illness policies. Madness, right?!

It hurts my soul to watch a truck payment come out of our account every month to go towards something I hope and pray I will never EVER have to use.

But ...

1. You are not in the top tax bracket.

2. You have plenty of TFSA and RRSP contribution room.

3. You do not have excess cash lying around on a regular basis.

4. You are not a business owner.

5. Your risk tolerance is higher than low.

If you check most of these boxes, 𝙥𝙡𝙚𝙖𝙨𝙚 𝙙𝙤𝙣...

**𝗪𝗔𝗥𝗡𝗜𝗡𝗚**

This is borderline too insensitive to write, but I think it is important enough to risk offending some. I mean no harm, nor to be overly dramatic - but let's talk!

It breaks my heart to see a fundraiser for a family that is left behind because someone died unexpectedly. Sadly w...