Insurance Questions You Were Afraid To Ask

tough insurance questions answered

Do you know whether your insurance coverage is enough? Protecting yourself and your family against the unforeseen just makes good financial sense – but dealing with insurance companies isn’t always black and white.

This week, we’ve explored some of the tougher insurance situations, from getting coverage when you’re sick, living with a chronic condition, and what to do if that safety net fails. Read on to learn more.

Can You Get Life Insurance If You’re Already Dying?

Discovering you have a terminal illness is devastating enough – not knowing whether your family will be provided for makes it even tougher. There are insurance coverage options for those living with a disease or condition, but they can come with additional restrictions. Here’s what you need to know.

Read Allan’s Blog | Can You Get Life Insurance If You’re Already Dying?

5 Tips: Cheaper Life Insurance For Diabetics

Living with Diabetes, whether from childhood, or later in life, can be costly. Diabetics may have differing insurance needs than others – and more hoops to jump through with the insurance company.

Here are five top tips for diabetics to get a break on their insurance costs.

Read Diane’s Blog | 5 Tips: Cheaper Life Insurance For Diabetics

7 Things That Can Void Life Insurance

Life insurance is meant to provide peace of mind in a worst case scenario – but what if the insurance company refuses to pay out your coverage?

What many don’t realize are the common ways insurance coverage can be voided. Here’s a list for you to be aware of – and to avoid a potentially financial and emotional disaster in the future.

Read Melanie’s Blog | 7 Things That Can Avoid Life Insurance

And in this week’s hottest finance headlines…

Is Your Social Life Leaving You Broke?

Have an action packed social life? Putting fun before your finances could be causing you big consequences – yet a new debt survey finds Canadians fear the stigma of appearing cheap.

Read Penelope’s Blog | Is Your Social Life Leaving You Broke?

What You Need To Know About The BC Alberta Pipeline

The proposed oil pipeline from Alberta to BC will create economic success for Canada, by opening our oil reserves to Asian markets, and minimize our dependence on U.S. trade. However, there are also controversial environmental issues to be aware of. Here’s what you need to know about this ongoing western Canadian project.

Read Rubina’s Blog | What You Need To Know About The BC Alberta Pipeline

‘Tis The Season For Holiday Consumer Spending

With Halloween out of the way, retail holiday season is in full swing – and that means it’s time for Canadians to pull out their wallets. The latest RBC consumer spending report shows shoppers are trying to be more frugal about gifts this year – but entertainment is still a budget killer.

Read Andrew’s Blog | ‘Tis The Season For Holiday Consumer Spending

Why You Should Care About A Government Surplus

Despite slower than expected economic growth, Canada’s Conservative government announced we’re on track to balancing the budget and achieving a surplus by 2015. Here’s what that means for everyday consumers.

Read Penelope’s Blog | Why You Should Care About A Government Surplus

The Growing Conversation On Expanding CPP

The possibility of expanding CPP benefits for retirees has been discussed at length lately. Here’s how it could affect your retirement plan, and how to supplement your savings.

Read Sean’s Blog | The Growing Conversation On Expanding CPP

Are Students Flunking On Their Finances?

Students are notoriously cash-strapped. Need a hand managing your finances for the term? Take RateSupermarket.ca’s survey – you could WIN a $2,500 scholarship!

Read Penelope’s Blog | Are Students Flunking On Their Finances?

Gail Vaz-Oxlade Credit Free Fridays To Help Consumers Tackle Debt

Would leaving the plastic at home once a week make you a more responsible spender? That’s the idea behind Credit Free Fridays, an initiative by finance guru and TV host Gail Vaz-Oxlade and CFIB.

Read Jaclyn’s Blog | Gail Vaz-Oxlade Credit Free Fridays

Does Financial Literacy Decline With Age?

They say wisdom comes with age – but sometimes our cognitive abilities can decline, leaving us more financially vulnerable than we realize. A study finds the financial literacy capacity of seniors diminishes over time, as right brain thinking becomes more prevalent.

Read Gordon’s Blog | Does Financial Literacy Decline With Age?

Raising A Child Costs $233,000

A recent TD study finds the cost of raising a child to adulthood can cost as much as $233,000. Here are a few ways to alter your budget for parenthood.

Read Sean’s Blog | Raising A Child Costs $233,000

You Answered!

This week, as asked readers:

Did a money gift (from parents or anyone else) help you afford your home?

46% say no – they paid for their home purchase on their own, or with the help of their buying partner.

42%, however, said yes – they did receive money as a gift that was put toward their home purchase.

7% said they did not receive an initial gift, but get a hand with their monthly mortgage payments.

5% said they did receive money, but must pay it back.

Want in on the winning action? Answer next week’s Q:

What is the biggest challenge for beginner investors?

Have a question, story idea, or just want to say hi? Drop us a comment, or visit RSM on Facebook and Twitter!

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