--- title: Empire Life Blog Empire Life Blog | Helpful Tips (2) description: Helpful Tips | Access the latest insights on life insurance, investments, and group benefits all in one place. Visit the Empire Life blog. (2) --- × #### Subscribe ### Subscribe to Email Updates Signing up for our Blog offers you the opportunity to subscribe and receive email notifications for Investment or Insurance type content only from The Empire Life Insurance Company and Empire Life Investments Inc. You may cancel your subscription to the newsletter at any time by clicking on [unsubscribe](http://www.fastandfull.ca/hs/manage-preferences/unsubscribe-simple) or, by contacting The Empire Life Insurance Company or, Empire Life Investments Inc. **The Empire Life Insurance Company** 259 King Street East, Kingston, Ontario K7L 3A8, Canada Toll Free: 1 800 561-1268 Email: insurance@empire.ca or investment@empire.ca **Empire Life Investments Inc.** c/o 259 King Street East, Kingston, Ontario K7L 3A8, Canada Toll-free telephone: 1 855 823-6883 Email: mutualfund@empire.ca Close [Facebook](https://www.facebook.com/Empire-Life-Insurance-142465432433812/) [Linkedin](https://www.linkedin.com/company/empire-life-investments) [Twitter](https://twitter.com/empirelifeins) Subscribe [EN](https://www.empire.ca/blog) | [FR](https://empire.ca/fr/blogue) [![Empire Life | Empire Life Investments](https://blog.empirelife.ca/hubfs/Logo/Combined%20Blog%20Images/combined-logo.png)](https://www.empire.ca/blog) # Insurance, Investments and Group Benefits ## Navigate life with confidenceTM - Insurance - [Insurance](https://www.empire.ca/blog/topic/insurance) - [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips) - [Customer Service](https://www.empire.ca/blog/topic/customer-service) - Investments - [Investments](https://www.empire.ca/blog/topic/investments) - [Investment Views](https://www.empire.ca/blog/topic/investment-views) - [Off the Cuff](https://www.empire.ca/blog/topic/off-the-cuff) - [Group Benefits(1)](https://www.empire.ca/blog/topic/group-benefits) - [Personal Finance (1)](https://www.empire.ca/blog/topic/personal-finance) ## [Tip of the week #2: Figure out how much coverage you need](https://blog.empirelife.ca/blog/life-insurance-awareness-month-2020-tip-of-the-week-2) [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips), [Insurance](https://www.empire.ca/blog/topic/insurance) [![Tip of the week #2: Figure out how much coverage you need](https://blog.empirelife.ca/hubfs/LIAM20-twitter%209-8.jpg)](https://blog.empirelife.ca/blog/life-insurance-awareness-month-2020-tip-of-the-week-2) By [Empire Life](https://www.empire.ca/blog/author/empire-life) Sep 8, 2020, 8:00:00 AM Last week we went over the question” Why do I need life insurance?”. This week we’ll tackle the “how” – as in “how much life insurance you and your family need”. This is a fairly straightforward process but requires some legwork and university-level math skills (that’s a joke, BTW). [Read More](https://blog.empirelife.ca/blog/life-insurance-awareness-month-2020-tip-of-the-week-2) ## [Let us be the first to wish you a “Happy Life Insurance Awareness Month!”](https://blog.empirelife.ca/blog/let-us-be-the-first-to-wish-you-a-happy-life-insurance-awareness-month) [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips), [Insurance](https://www.empire.ca/blog/topic/insurance) [![Let us be the first to wish you a “Happy Life Insurance Awareness Month!”](https://blog.empirelife.ca/hubfs/LIAM20-twitter%209-1.png)](https://blog.empirelife.ca/blog/let-us-be-the-first-to-wish-you-a-happy-life-insurance-awareness-month) By [Empire Life](https://www.empire.ca/blog/author/empire-life) Sep 1, 2020, 8:00:00 AM If the past 6 months has taught is anything, it’s that you can never be too prepared for the unexpected. For many of us across Canada, that has meant taking a hard look at the emergency response plan we have for our families and our futures. We think that plan should include some form of individually owned life insurance. Thinking about buying life insurance can be overwhelming – especially when it’s your first time. There are a lot of choices out there and many factors to consider. Our goal is to make your insurance shopping experienc e as painless as possible. To help ensure that you navigate your journey successfully, we are going to share a simple tip every Tuesday during September to get you started. Without any further ado, let’s get started with our first tip. [Read More](https://blog.empirelife.ca/blog/let-us-be-the-first-to-wish-you-a-happy-life-insurance-awareness-month) ## [Legacy planning for your digital assets: what’s in your digital wallet?](https://blog.empirelife.ca/blog/legacy-planning-for-your-digital-assets-whats-in-your-digital-wallet) [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips), [Insurance](https://www.empire.ca/blog/topic/insurance) [![Legacy planning for your digital assets: what’s in your digital wallet?](https://blog.empirelife.ca/hubfs/WHAT'S%20IN%20YOUR.png)](https://blog.empirelife.ca/blog/legacy-planning-for-your-digital-assets-whats-in-your-digital-wallet) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) Aug 7, 2018, 2:24:11 PM Who speaks for you when you can’t speak for yourself? Who handles your stuff when you can’t? What do they need to know? What are they supposed to do with them? How can you make it easier for the people who act for you under a power of attorney or will? Let’s focus on a growing area, digital assets and access.  [Read More](https://blog.empirelife.ca/blog/legacy-planning-for-your-digital-assets-whats-in-your-digital-wallet) ## [Kids to inherit your vacation property on your passing? Watch out for the taxes!](https://blog.empirelife.ca/blog/kids-to-inherit-your-vacation-property-on-your-passing) [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips), [Insurance](https://www.empire.ca/blog/topic/insurance) [![Kids to inherit your vacation property on your passing? Watch out for the taxes!](https://blog.empirelife.ca/hubfs/Kids%20to%20inherit%20your%20vacation%20property%20on%20your%20passing_%20Watch%20out%20for%20the%20taxes!.png)](https://blog.empirelife.ca/blog/kids-to-inherit-your-vacation-property-on-your-passing) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) Jul 3, 2018, 9:47:59 AM Summer is upon us, which means spending longer days in the sun and enjoying your cottage with your family and friends. This is also the time that you may start thinking about the future of your cottage and your plans to pass it down your family. If you have decided to bequeath your vacation property to your children in your will, you may know that there could be substantial capital gains taxes due. Where does the money come from? Let’s consider some alternatives. [Read More](https://blog.empirelife.ca/blog/kids-to-inherit-your-vacation-property-on-your-passing) ## [The financial stress of supporting adult children](https://blog.empirelife.ca/blog/probate-or-capital-gains-a-peril-of-joint-ownership-0) [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips), [Insurance](https://www.empire.ca/blog/topic/insurance) [![The financial stress of supporting adult children](https://blog.empirelife.ca/hubfs/861222408-1.jpg)](https://blog.empirelife.ca/blog/probate-or-capital-gains-a-peril-of-joint-ownership-0) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) May 23, 2018, 3:40:50 PM As Millenials graduate and seek employment, many parents still feel the burden of financially providing for their children. Studies found that more than *four* in ten Canadians say their top source of stress is money1. Specifically, nearly half of Canadian parents admit that supporting their adult children is causing them emotional and financial stress2. [Read More](https://blog.empirelife.ca/blog/probate-or-capital-gains-a-peril-of-joint-ownership-0) ## [Probate or Capital Gains: a peril of joint ownership](https://blog.empirelife.ca/blog/probate-or-capital-gains-a-peril-of-joint-ownership) [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips), [Insurance](https://www.empire.ca/blog/topic/insurance) [![Probate or Capital Gains: a peril of joint ownership](https://blog.empirelife.ca/hubfs/Probate%20vs%20Joint%20Ownership%20(2).png)](https://blog.empirelife.ca/blog/probate-or-capital-gains-a-peril-of-joint-ownership) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) May 8, 2018, 9:49:36 AM   People can go to great lengths to avoid probate costs, sometimes making them turn a blind eye to much bigger costs that can be created by passing assets outside of the estate. Let's take a look at a recent case concerning an elderly gentleman and his son.  [Read More](https://blog.empirelife.ca/blog/probate-or-capital-gains-a-peril-of-joint-ownership) ## [Don't miss out on these 5 tax credits](https://blog.empirelife.ca/blog/dont-miss-out-on-these-5-tax-credits) [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips), [Insurance](https://www.empire.ca/blog/topic/insurance) [![Don't miss out on these 5 tax credits](https://blog.empirelife.ca/hubfs/Preview_Don's%20miss%20out%20on%20these%205%20tax%20credits.png)](https://blog.empirelife.ca/blog/dont-miss-out-on-these-5-tax-credits) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) May 1, 2018, 9:56:36 AM It’s tax time again. You may be in the habit of completing your own tax return or having a professional do it for you. Either way, make sure you have the details and supporting documentation to get the most out of these five tax credits. [Read More](https://blog.empirelife.ca/blog/dont-miss-out-on-these-5-tax-credits) ## [Managing Health and Death Risk in Retirement](https://blog.empirelife.ca/blog/managing-health-and-death-risk-in-retirement) [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips), [Insurance](https://www.empire.ca/blog/topic/insurance) [![Managing Health and Death Risk in Retirement](https://blog.empirelife.ca/hubfs/Peter%20Wouters/March%202018/GettyImages-838566762.jpg)](https://blog.empirelife.ca/blog/managing-health-and-death-risk-in-retirement) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) Mar 20, 2018, 8:00:00 AM When saving for retirement, you may get sick or have an accident, suffer a critical illness, require long term care or pass away. These factors should be considered when looking at savings and spending during retirement. Contingency planning plays a key role in comprehensive retirement income planning. [Read More](https://blog.empirelife.ca/blog/managing-health-and-death-risk-in-retirement) ## [Worried about taxes at death?](https://blog.empirelife.ca/blog/worried-about-taxes-at-death) [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips), [Insurance](https://www.empire.ca/blog/topic/insurance) [![Worried about taxes at death?](https://blog.empirelife.ca/hubfs/Peter%20Wouters/February%202018/GettyImages-886739404.jpg)](https://blog.empirelife.ca/blog/worried-about-taxes-at-death) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) Feb 27, 2018, 3:19:47 PM **What's the biggest cheque you or your estate will ever write? When do you think that might happen?** [Read More](https://blog.empirelife.ca/blog/worried-about-taxes-at-death) ## [The debt problem test](https://blog.empirelife.ca/blog/the-debt-problem-test) [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips), [Insurance](https://www.empire.ca/blog/topic/insurance) [![The debt problem test](https://blog.empirelife.ca/hubfs/Peter%20Wouters/January%202018/GettyImages-579749396-1.jpg)](https://blog.empirelife.ca/blog/the-debt-problem-test) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) Jan 30, 2018, 10:45:33 AM Do you have an issue with debt? Take a moment to answer these 13 questions and start a frank self-assessment of your money management habits. [Read More](https://blog.empirelife.ca/blog/the-debt-problem-test) - [Previous](https://www.empire.ca/blog/topic/helpful-tips/page/1) - [1](https://www.empire.ca/blog/topic/helpful-tips/page/1) - 2 - [3](https://www.empire.ca/blog/topic/helpful-tips/page/3) - [4](https://www.empire.ca/blog/topic/helpful-tips/page/4) - [5](https://www.empire.ca/blog/topic/helpful-tips/page/5) - [6](https://www.empire.ca/blog/topic/helpful-tips/page/6) - [Next](https://www.empire.ca/blog/topic/helpful-tips/page/7) ![Get a quote and apply for life insurance](https://blog.empirelife.ca/hubfs/Logo/Combined%20Blog%20Images/GetAQuote-BlogButton-couple-EN.jpg) [BUY NOW](https://www.empire.ca/insurance/buy-life-insurance) ### POPULAR POSTS ### CATEGORIES - [Insurance](https://www.empire.ca/blog/topic/insurance) - [Investments](https://www.empire.ca/blog/topic/investments) - [Group Benefits](https://www.empire.ca/blog/topic/group-benefits) - [Personal Finance](https://www.empire.ca/blog/topic/personal-finance) [Disclaimer](https://info.fastandfull.ca/disclaimer) [Legal](https://info.fastandfull.ca/legal) [Privacy Policy](https://info.fastandfull.ca/privacy-policy) [Accessibility](https://info.fastandfull.ca/accessibility) [Consumer Information](https://info.fastandfull.ca/consumer-information) [Contact Us](https://info.fastandfull.ca/contact) [Third-Party Tools and Sites](https://info.fastandfull.ca/third-party) [Confidentiality](https://info.fastandfull.ca/confidentiality) [Unsubscribe](https://info.fastandfull.ca/hs/manage-preferences/unsubscribe-simple) **CONTACT US** The Empire Life Insurance Company 259 King St. E. Kingston, Ontario, K7L 3A8 1 877 548-1881 8:30 am to 5:00 pm, EST weekdays ®/TM Trademarks of The Empire Life Insurance Company.