Hi and welcome to weekend reading, where we share some of the best posts we read over the past week. We hope you enjoy them as much as we did. If you haven’t already, please consider following us on Twitter, Facebook, and Google+, where we share the latest in personal finance, debt, retirement, insurance, tax and investments.
Here at AAFS Insurance, we looked at disability insurance exclusions and how that may affect your ability to make a claim. Exclusions are part of every insurance policy, and are in place to limit the number of successful claims and help keep the cost of insurance manageable.
Here are 10 everyday things that cost more than term life insurance. Premium depends largely on the age and amount of insurance, but for an average amount of $250,000, even things like alcohol and gym memberships cost more than life insurance.
Topping the list of 5 of the biggest life insurance policies ever sold is one for $212 million of coverage. The premium for the policy costs an astounding $6,148,000 annually!
With the announcement of the national financial literacy campaign last week that should help Canadians manage their finances better, Barry at Money We Have writes about ways that new grads, parents and people planning for retirement can improve their financial literacy.
Dan at Our Big Fat Wallet explains how you can put your emergency cash savings to work. Although liquidity, low risk and easy access to funds usually means low returns, there are a few things you can do to grow your cash and make sure the money is working for you.
Mark at My Own Advisor gives some advice for investors worried about the dropping loonie. He suggests that because we cannot predict where the loonie will go from here, you should decide what works for you to give you the best chance at long term success and just follow that plan.
Financial literacy cannot come soon enough, as a new study released by Mackenzie Investments shows that only slightly more than half of Canadians understand that TFSA contributions are not deductible from taxable income.
We hope you enjoy the reads this weekend and be sure to check back next week for a new post. Subscribe to our weekly newsletter on the right side of the page so you don’t miss a single post.