Weekend reading: high risk diseases, stock market realities, and more

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Hi everyone 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 TwitterFacebook, and Google+, where we share the latest in personal finance, debt, retirement, insurance, tax and investments.

Insurance

Here at AAFS Insurance, we looked at a recent survey by RBC Insurance which found that Canadian workers underestimate the probability of a disability occurring. Most surveyed did not recognize that illnesses make up the majority of disabilities, as opposed to accidents, which only account for a small portion of all disabilities.

LSM Insurance lists 5 high risk diseases that makes it difficult to get life insurance. They are: coronary heart disease, cancer, chronic obstructive pulmonary disease, multiple sclerosis and diabetes. The key to getting life insurance coverage even with a high risk disease is to keep it under control. It shows the insurance company you are willing to make changes so that you are not as high of a risk.

Personal Finance

Brighter Life suggests 10 things to do when your spouse dies. Although the loss of a spouse is emotionally devastating and a time to grieve, many important decisions with financial implications must be made sooner rather than later.

Tim Cestnick explains 8 offsets to investment income for better returns. These are tips that certain people with investment income can use to lower their overall taxes.

Investments

Jim Yih from the Retire Happy blog writes about the realities of stock markets. The truth is, markets are volatile and unpredictable in the short term. But over the long term, no matter what crisis is plaguing the world, the stock market will always rise. So take the current correction as an opportunity to buy at a low price.

Barry Choi of Money We Have asks if you are a confident investor? To become one, you have to commit to educating yourself. Start by reading a book about personal finance and figure out your goals for your money. If you’ve done your research and stuck to your plans, you should be 100% confident in your investment decisions.

Jay at Thinking Wealthy introduces the concept of stocks and bonds. It’s an excellent guide for novice investors and explains the terms very clearly.

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!