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Introduction Life insurance can feel like a complex topic, especially when navigating various policies, terms, and conditions. Understanding the basics and addressing your questions is crucial to making the right choice for your financial future. Let’s tackle some common life insurance questions to clarify what you need to know. 1. Can I Get Life Insurance […]

Introduction Life insurance is a cornerstone of financial planning, offering peace of mind and financial protection for your loved ones. Whether you’re starting out in life or approaching retirement, the question of when to buy life insurance is crucial. While it’s always best to secure life insurance early, it’s never too late to ensure your […]

Introduction Purchasing your first home is an exciting milestone, but it also comes with financial responsibilities. One critical consideration many homeowners overlook is life insurance. If you’re relying on two incomes to manage a mortgage, life insurance can provide essential protection in case the unexpected happens. Why Consider Life Insurance When Buying a House? When […]

Introduction You can’t take your money with you at the end of your life. So, you might expect more Canadians would name a beneficiary. However, it’s surprising how many of us haven’t done that, says Sun Life advisor Brent McKay.* Or, how many Canadians haven’t updated their beneficiaries after a life change like divorce or […]

Introduction The decision to buy life insurance is an important one. It can ensure that those who rely on you for financial support will receive money when you die. But knowing what’s right – or wrong – when it comes to life insurance can feel overwhelming. That’s where an advisor can help. Sun Life advisor […]

Introduction Do you think life insurance is just for people with mortgages and kids? Do retired people need to keep their life insurance, or even buy more? Find out why the answer could be “yes.” What’s Life Insurance For? Life insurance is meant to protect the people who depend on your income, like your spouse […]

Introduction Deciding when to start collecting Canada Pension Plan (CPP)/Quebec Pension Plan (QPP) and Old Age Security (OAS) benefits is a significant part of retirement planning. While these benefits can provide a stable source of income in your retirement years, the timing of when you begin to collect them can greatly impact your financial future. […]

Introduction Life insurance not only provides financial security for your loved ones but can also serve as a tool for building wealth through its cash value component. Many Canadians are unaware of this feature, which allows policyholders to access funds during their lifetime while maintaining coverage for their beneficiaries. This article explores the concept of […]

Introduction The idea of needing $1.7 million to retire in Canada has gained traction, largely due to a BMO poll that highlighted this figure. While $1.7 million might seem daunting, achieving such a goal depends on various factors, including when you start saving, your investment strategy, and your desired lifestyle. This article delves into whether […]

Introduction The Infinite Banking Concept (IBC) has sparked growing interest in Canada, particularly among retirees seeking alternative wealth-building strategies. While it offers a unique approach to personal finance, borrowing from your life insurance policy is not a one-size-fits-all solution. This guide explains the basics of infinite banking, how it works in Canada, and the factors […]