Personal Finance
Better Finances for a Better You
Topic: "Insurance"
← Curating the web to find the most interesting and helpful
information about your money.
6 tips to help you get the most out of your health insurance plan By Selena Simmons-Duffin, Andee Tagle
If you're lucky enough to have health insurance with the system that's in place, you can use your insurance strategically to set yourself up for better health and lower out-of-pocket costs.
Don't miss out on perks →Word of the week
Travel Insurance
Travel insurance covers financial losses due to illness, injury, accidents, transportation delays, and other issues during a trip.
Is Travel Insurance Worth it? →Trip interruption and travel health insurance for Canadians
If you plan to travel outside Canada—even for a day in the United States— travel.gc.ca states you should buy trip interruption and travel health insurance before you leave.
Why you should buy travel health insurance →Serious stuff
Watch to learn about six personal finance topics that can have a big impact on your life: budgeting, saving, debt, taxes, insurance, and retirement.
Managing Money: Six Principles of Personal Finance from Charles Schwab →Word of the week
Policyholder
The owner of a life insurance policy and the person with the legal authority to make changes to the policy is the policyholder. The owner has the ability to assign ownership, modify payments, switch payors, and name one or more beneficiaries.
How Does Life Insurance Work? →6 tips to help you get the most out of your health insurance plan by Selena Simmons-Duffin, Andee Tagle
- Read your plan's coverage documents, every year – even if you think you know what they say
- Find yourself a good primary care doctor
- Take advantage of preventive care
- Plan the timing of procedures strategically
- Learn how to file a claim
- Don't miss out on perks
Word of the week
Term Life Insurance
Term life insurance is a guaranteed life benefit paid to beneficiaries for a set amount of time (e.g. 10, 20, 30 years) When your coverage expires, you can renew it at your discretion and determine the duration. However, once you renew, your premiums (monthly or yearly expenses) can go up.
You can easily track all your life insurance policies at Neontra →Word of the week
Permanent Life Insurance
Permanent life insurance gives you lifetime coverage. If you pass away while your insurance policy is still in force, your beneficiaries will receive a death benefit. Permanent life insurance policies usually build up a cash value. You will get your money back if you decide to terminate your coverage. The amount would be less than what you spent in insurance premiums.
You can easily track all your life insurance policies at Neontra →Word of the week
Life Insurance
Life insurance coverage can help protect you and your loved ones. Life insurance provides a tax-free cash payment to your named beneficiaries (such as your spouse or children) when the insured person dies in exchange for premiums paid by the policy holder during their lifetime.
You can now easily track all your life insurance policies at Neontra →Serious stuff
Demystifying your health insurance plan it can be confusing to decipher all the acronyms and lingo of health care — so how do you pick the right health care plan
Life Kit NPR break down commonly used terms and offer a strategy to help crunch the numbers →Word of the week
Deposit Insurance
Deposit insurance protects your savings if your financial institution fails. The Canada Deposit Insurance Corporation (CDIC) automatically insures your eligible deposits. This applies to deposits held at CDIC member institutions in Canada.
Find out if your financial institution is a member of CDIC →← Curating the web to find the most interesting and helpful information about your money.