Smokers and life insurance: Do you have enough coverage? A UK-based study finds many don’t, leaving their families with financial challenges.
More By Gordon Powers:
There have been major breakthroughs in DNA testing and illness – but could insurance companies use this new genetic info to deny insurance coverage?
It’s a worst-case scenario: you required medical care while on vacation, and thought you were covered – but now your insurance won’t pay out. What are your options? From appealing your case to seeking out the help of an ombudsman, read on to learn more about your options.
It’s a worst case scenario – you are injured or fall ill on your vacation, only to have your travel insurance coverage deny your health claim. Travel insurance claim denials happen after the fact – and are usually due to mistakes made during the application process. Here’s are the top errors to avoid when getting your travel insurance.
A proposed deal for insurance giant Manulife Financial to acquire competitor Standard Life in a $4-billion deal would help the insurer expand its core business, and grab a larger share of the Quebec market. But what would an acquisition mean for Standard Life insurance customers? Will they see their coverage change, and options decrease?
With the cost of living, real estate and education steadily rising, it’s arguable that today’s young adults face steep financial challenges. But does that mean they should depend on their retirement-aged parents for help? In light of reports that suggest today’s retirees are among the richest in history, Ted Rechstshaffen, a Toronto-area financial planner, suggests it makes sense for cash-strapped adults to continue to depend on their financially secure parents.
It seems everywhere you look, there’s evidence of Canada’s booming new home construction market – but that’s not expected to last, according the the Canada Mortgage and Housing Corporation (CMHC). The national housing agency anticipates developers will stop bringing as many homes to market and will shift focus to selling what’s already built in its quarterly Housing Market Outlook, released last week.
The amount of debt carried by Canadian households rose sharply last year, according to BMO’s Annual Debt Report. The uptick is partly due to an increase in mortgages, and some argue that rising property values will offset the risk. But what if the housing market cools?
Despite repeated warnings from the Bank of Canada, Canadians seem to be in no particular hurry when it comes to clearing away their mortgages, according to recent research from CIBC.
Are new grads five years behind financially, compared to previous generations? Those finishing up at post secondary school this year are facing a whole new slew of challenges, from small wages, underemployment, and general money management. Here’s a look at what new grads can expect.