Lowest Rates Blog: Insurance

How can you make sure your mortgage is covered if something happens to you?

There’s a good chance that, at some point, you will be involved in a car accident. If this is the case, you will need to file a car insurance claim. After all, the whole reason to purchase insurance is to help you manage your finances in the event that an accident or unexpected event affects your assets.

Life insurance isn’t the sexiest topic in your 20s. The last thing that you want to think about when you’re single is the idea of buying life insurance. You don’t want to imagine being old. You feel on top of the world. You love life. You have no worries or concerns.

Insurance is a must if you have a spouse or children who depend on your income to get by. Life insurance comes in two flavours: term and permanent. Both are designed to help provide your loved ones with financial security in case you die. Which works best for you depends on your finances and your goals.

Whether you’re visiting Canada for the first time, moving to Canada forever, or returning from a long stay abroad, you might be shocked to know that provincial health insurance doesn’t start covering you straight away. Some people risk not being covered, but for the more prudent travelers, it can make sense buy temporary insurance when in Canada.

Life insurance is one of those things that few of us really think about. However, it’s one of the best ways to protect your family. If you happen to pass on, it can provide a way for your family to have financial stability.