HSAs and HRAs (Health Savings Accounts and Health Reimbursement Arrangements) can help you cover healthcare-related expenses. However, the two are structured quite differently and have different pros and cons. It won’t be a shock to you to learn that healthcare costs in the US are out of control. In fact, in the past 75 years, […]
Buying an annuity during a period of high interest rates means you could receive larger payouts and greater guaranteed income in retirement. Annuities. If they scare you, you’re not alone. I recently wrote about annuities and how they can be a shrewd opportunity or a major financial mistake. However, in the right situation, the right […]
Home Insurance Basics If you have a home, it is likely that you already have homeowners insurance. However, many people either don’t carry enough coverage or are paying too much for their current coverage. Just because you are paying more doesn’t mean that you are getting superior benefits. Most financial advisors suggest double-checking your home […]
Occasionally, I get a reader request to cover a specific topic. As a writer, it’s one of the best compliments you can give me. And though I really appreciate any of you spending some of your busy days reading what I write, clapping for my article, and/or leaving praise in a comment, asking me to […]
Travel insurance is one of those categories of insurance that perplexes a lot of people. Is it a waste of money? Do you need it or not? Should you purchase domestic travel insurance or only consider it for international trips? And what do travel insurance policies cover anyway? In this article, we’ll answer those questions […]
There are a lot of really good reasons to get life insurance. I’ve been in the financial industry for about a year and a half now, and have seen a lot of things from my clients. But even though there’s a lot of reasons to get life insurance, there are a few very common ones. […]
In order to be as competitive as possible, along with high salaries, companies more so than ever need to also offer competitive benefits. Group RRSP plans, health care for the employee and their family, and various insurance coverages, help position employers to prospectus applicants. Insurance coverage that employers offer is fairly standard. They include disability […]
Life insurance may be one of the least sexy topics I can think of. Every time I bring up the subject of life insurance, I can see people’s minds actively trying to tune me out. People really don’t like talking about life insurance for three reasons. It’s impossible to discuss life insurance without being reminded […]
How does life insurance work? Life insurance is a tool in your financial toolbox designed to protect your family and financial dependents by providing a lump sum cash benefit to the beneficiary of the policy when you die. If you took out a $1 million life insurance policy where you were the insured party and […]