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COVID-19 Travel Update: What Canadians need to know

July 7, 2020

COVID-19 Travel Update: What Canadians need to know

One of the biggest sectors affected by the COVID-19 pandemic has been travel – as the world slowly begins to reopen, the UNWTO (World Tourism Organization) is calling for the responsible restart of the industry. Their latest study reveals that April (one of the busiest travel times of the year) saw a fall of 97%

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Canada’s Record-Low Prime Rate

June 22, 2020

Canada’s Record-Low Prime Rate

The prime rate refers to the lowest rate of interest at which money may be borrowed commercially – in Canada, it is influenced by the Bank of Canada to “promote the economic and financial welfare of Canada.” The BoC will adjust its targets to keep the economy healthy and affect peoples spending habits. For example,

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Insurance companies raising premiums in the midst of COVID-19

May 19, 2020

Insurance companies raising premiums in the midst of COVID-19

Nearly everyone has been impacted negatively by the COVID-19 pandemic, and life insurers are no exception. Amidst the uncertainty surrounding the current situation and the decade-low interest rates in Canada, some life insurance companies have begun to raise their premiums. Just like for many individuals, the volatile market is threatening yield and investment losses –

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Red Flags on Your Life Insurance Application

May 7, 2020

Red Flags on Your Life Insurance Application

If you have one or more of the following concerns on your application, you may want to consider a simplified or guaranteed life insurance application rather than traditional. Some of them do not disqualify you from a traditional policy, but the carrier may choose to enforce higher premiums or exclude a pre-existing condition from your

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COVID-19 & Financial Support: What you need to know

May 1, 2020

COVID-19 & Financial Support: What you need to know

The COVID-19 global pandemic has created financial hardships for which many Canadians were unprepared. Here is what you need to know to stay afloat during these unpredictable times. Federal Government Assistance The Canadian government has taken swift action to offer aid to those affected by quarantine procedures. Here are some of the programs available and

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