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INSURING WITH CARE™ BLOG

Before you sign on the dotted line…

Posted by Empire Life

Mar 23, 2017 10:00:00 AM

How you name a beneficiary for your registered account can have significant implications for your estate – and loved ones

Buried in the boilerplate of the application form for TFSAs, RRSPs and RRIFs is an opportunity to help ensure your loved ones are taken care of after you die.

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The Stages of Life Insurance Part III

Posted by Empire Life

Mar 16, 2017 10:00:00 AM

For many Canadians in their 50’s or older, their term life insurance policies may have come to an end. Would you know what to do next? As you get older, it’s important to re-evaluate your life insurance needs. How many years do you want to earn income before you retire? Or if you die, do you want to leave a financial cushion for your spouse, or contribute to your children or grandchildren’s education?

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Topics: Helpful Tips

A tale of two retirements

Posted by Empire Life

Mar 14, 2017 10:17:42 AM

Different retirement saving strategies can open different possibilities. Anna Sharratt explores two cases.

What Canadians save for retirement has a big impact on their lifestyles in the golden years.

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Is critical illness insurance worth it?

Posted by Empire Life

Mar 7, 2017 11:17:44 AM

Consumers need to be aware of the complexities and limitations of this financial product, experts warn.

Bonita Boutilier’s purchase of critical illness insurance in 2003 proved to be prescient.

The then-36-year-old Vancouver-based massage therapist bought the $100,000 10-year term policy on the advice of her adviser, a policy that cost her $53.50 a month. “He said: ‘As a selfemployed business person, you should have this coverage,’ ” she recalls.

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The Stages of Life Insurance Part II

Posted by Empire Life

Mar 2, 2017 11:06:59 AM

Young or old, planning for the future with life insurance is too often forgotten or placed on the back burner. You should think about life insurance when you have financial obligations, responsibilities and priorities. Could your family cover the mortgage payments and household maintenance costs if you died too soon? Would there be enough money for your children’s daycare, tuition for college or university?

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Topics: Helpful Tips

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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