life insurance for heart conditions

Joint Last To Die Life Insurance

What Is Joint Last To Die Life Insurance Joint last-to-die life insurance (also known as survivorship or second-to-die insurance) is a type of policy that insures two individuals, usually spouses or common-law partners; it pays a death benefit only once, after the second insured dies. This type of coverage is useful…
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life insurance vs will

Life Insurance Beneficiary Vs Will

Life Insurance Beneficiary Vs Will Life insurance beneficiary and a will are not the same thing, but many people get them mixed up. A beneficiary is the person who you want to receive the payout from your insurance policy directly after you die. A will dictates how your real estate and…
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divorce

Life Insurance and Divorce in Canada

You need to know When a marriage ends, the financial ties don’t stop, particularly when children, shared debts, or spousal support are involved. In Canada, life insurance is often included in divorce negotiations, as it can provide for dependents and guarantee continuing support payments. Why Life Insurance Is Important When You…
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Life insurance

Myths About Life Insurance

There are several myths about life insurance. Most people think it is only when the policyholder dies, then a big payout goes to the beneficiaries. However, they miss the whole idea. Actually, life insurance is there to help dependent after the policyholder dies. In Canada especially, families can use the…
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woman holding last will and testament at white table closeup

What is involved in probate in Canada

Imagine losing a loved one and then realizing it’s not as simple as going to the bank to access their money, property, or accounts. During an already emotional time, families often discover there is a legal process that must happen first. This leads many people to ask, what is involved…
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