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, following the passing of the founder of critical illness insurance, Dr. Marius Barnard, we revisited the history of critical illness insurance. Dr. Barnard was a heart surgeon who saw the financial impact of heart disease on his patients. He realized that although life insurance was important, there was room for another product that paid in the event of a major health event. He went on to pioneer the first critical illness insurance policy with hopes that people like his patients wouldn’t have to suffer financially following a serious illness.
LSM Insurance created a wonderful infographic highlighting the 5 diseases that make it difficult to be approved for life insurance. They are: coronary heart disease, cancer, chronic obstructive pulmonary disease, multiple sclerosis and diabetes.
According to a survey by Edward Jones, the majority of Canadians purchase life insurance, but few buy disability, critical illness or long-term care insurance. Only 1/3 of Canadians use an advisor for guidance when choosing coverage to meet their needs.
The Insuring With Care blog reveals part 2 of questions to ask when purchasing life insurance. While part 1 focused on advisors, part 2 is about benefits and coverage. It answers many common questions about life insurance, and should be read by anybody looking to get life insurance coverage.
Deanne at Brighter Life lists 4 financial planning mistakes to avoid. Among them, waiting too long to save probably has the largest impact on retirement planning, as people underestimate the power of compounding.
Freedom Thirty Five talks about the early financial literacy can lead to people making better choices with money later in life.
Dan at Our Big Fat Wallet has some tips to boost your credit score. Is it time for you to check your credit score?
Mark at My Own Advisor reviews the investment book “The Value of Simple“, which outlines the reasons for saving and some step-by-step advice for making it happen.
Roadmap2Retire has an outlook for the economy for December, with the focus on oil and commodities.
Corrado Tiralongo, chief investment officer at Counsel Portfolio Services, discusses the impact that recent price drop in oil has on the economy.
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!