Smokers and life insurance: Do you have enough coverage? A UK-based study finds many don’t, leaving their families with financial challenges.
The concept of insurance is simple – pay a little bit now and know you and your family will be financially covered later on. But what if you’re already sick, living with a chronic condition, or discover you’ve somehow voided your coverage? This week’s Money Wise guide is all about the insurance questions you were afraid to ask.
Life insurance coverage is meant to give you and your loved ones financial peace of mind in a worst case scenario – but what if your insurance company won’t pay? If you’re not careful, there are a number of behaviors that could make your coverage null and void. Here are the top mistakes to avoid.
Your dad’s always got your back – and a recent RBC study finds this plays a large role in the type of life insurance fathers prefer.
Using an insurance broker is the first step to getting the best coverage for your needs. Before you sign, though, ensure you understand exactly what kind of coverage you’ll get for your money – and whether there are any hidden limitations.
Taking out mortgage insurance may seem like a breeze, especially compared to the lengthy process of life insurance. Turns out, you’re paying for that convenience with the quality of your coverage – and you may find yourself without any, right when you need it most.
Life insurance is vital to ensuring your loved ones will be financially safe for years to come. Finding the best coverage, however, is not a one-size-fits-all solution. Read on for ways to assess your personal and financial needs when choosing your insurance.