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INSURING WITH CARE™ BLOG

The Stages of Life Insurance Part I

Posted by Empire Life

Feb 16, 2017 12:05:53 PM

Most millennials think they don’t need life insurance. But did you know that nearly 3 out of 5 millennials say that if they suddenly passed away they would be concerned about the financial wellbeing of their loved ones?For many in this age range, life insurance never crosses their minds until a life changing event like marriage or having kids takes place.

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Topics: Helpful Tips

How Much Life Insurance Coverage Do You Need?

Posted by Empire Life

Dec 22, 2016 3:17:29 PM

Insurance is one of those things that people don’t want to talk about because it reminds them of death. But you owe it to yourself and your loved ones to get life insurance and the right amount. Cassandra Latsios, an associate advisor with Wipfli Hewins Investment Advisors, in Media, Pa., tells us how to go about this vital task.

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The millennials’ guide to insurance

Posted by Empire Life

Dec 22, 2016 3:17:25 PM

If you're buying houses in an expensive market and working in contract positions, it's crucial to make sure you have proper coverage.

The pressures of life in today’s economy are pushing millennials into a relationship with a surprising player in the financial business.

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Last-minute tax tips for families

Posted by Empire Life

Dec 20, 2016 12:27:39 PM

Last summer, my brother and sister-in-law, Judi and Ned, were on a road trip with the kids when they paused at a rest stop along the way. After getting back on the road, they travelled for an hour before noticing that Ned wasn’t with them. He was still at the rest stop trying to reach Judi, whose phone was on silent. He finally reached her by posting a message on Facebook (she was not driving when she read it).

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The Shocking Reason Why Siblings Squabble Over Inheritance And How To Prevent It

Posted by Empire Life

Dec 13, 2016 12:07:44 PM

“You know what they say, where’s the will, there’s a family fighting over it.” Comedian Matt Wohlfarth

Recently I witnessed a friend become embroiled in an ugly inheritance battle with his siblings. The decades long simmering battle took front and center when the  patriarch of the family passed on leaving a sizable estate, a wife with memory loss and three acrimonious adult children. 

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Make sure to baby-proof your mortgage

Posted by Empire Life

Nov 22, 2016 11:07:41 AM

I am newly married and my wife, and I want to buy a home in Toronto. We have a combined income of $150,000 and, based on our current situation, I would be comfortable with a mortgage of $650,000. We have $100,000 saved and would put 10 per cent down. The question I have is how do you plan for income changes such as maternity leave or new costs such as child care? I feel if three years from now, we added child-care costs of $2,000 a month, it would be a huge problem. What can we afford? – Luke, 30, from Toronto

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Coming to terms with your life-insurance options

Posted by Empire Life

Nov 15, 2016 11:07:43 AM

You buy insurance in case your house burns down and to protect your stuff, right? And you buy insurance for your car, right? Isn't your income at least as important as your stuff?

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Topics: Helpful Tips

Will Your Estate Plan Truly Take Care of Your Kids?

Posted by Empire Life

Nov 8, 2016 11:07:41 AM

A great estate plan provides for your needs and the needs of your loved ones.  Who qualifies as of a “loved one” better than your kids?

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Topics: Helpful Tips

Should You Use Life Insurance Proceeds To Pay Off The House

Posted by Empire Life

Nov 1, 2016 11:07:30 AM

This is a very popular and common question I get after the loss of a spouse.  Figuring out the answer can be complicated by various moving parts, people, and usually a few unknowns.  It can cause an internal conflict that can paralyze people, leaving them unsure what to do, despite their best planning efforts.  This often happens for three key reasons and by being aware of them, widows and widowers can work their way through the situation and come to a decision that works best for them.

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Topics: Helpful Tips

Develop the discipline to make saving like breathing

Posted by Empire Life

Oct 25, 2016 11:57:20 AM

We’re now into the toughest three months of the year for personal finance.

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Topics: Helpful Tips