Term vs Whole Life Insurance: Which One Actually Fits Your Situation
Almost every client who brings me this question has already been told the wrong version of the answer by someone with an incentive to sell them one or the other. Term life insurance covers you for a fixed period, usually 10, 20, or 30 years, at a much lower initial cost, and it's worth nothing […]
Final Expense Insurance in Canada: What It Actually Is, and Who’s Overpaying for It
Every few months a client in their late sixties or seventies asks me about "that funeral insurance you see on TV," usually after a call centre offered them guaranteed acceptance with no medical questions. Final expense insurance is a small, permanent whole life policy, typically $5,000 to $25,000 of coverage, sold specifically to cover funeral […]