Weekend reading: surprise monetary policy, ways to buy life insurance, and more

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

With the Bank of Canada lowering its key lending rate by one quarter of a percent to 0.75%, what are the implications for Canadians and the economy? Roadmap2Retire and Steadyhand Funds comment on the surprise monetary policy move.

Insurance

Here at AAFS Insurance, we wrote about the upgrade that Manulife’s critical illness insurance product, Lifecheque, received. With two new illnesses added and lower rates for its riders, Manulife has improved the competitiveness of its product. Don’t be surprised to see other insurance companies following suit.

LSM Insurance talks about the effect that lower interest rates have on life insurance.

InsurEYE reviews 6 different ways to buy life insurance. Each have their pros and cons. For example, captive agents are knowledgeable about their own company’s line of products, but are unable to compare offers across different providers.

Read about the financial trouble caused when the mother of a family passed away without life insurance.

Personal Finance

Tawcan expresses his feelings on this couple who are struggling to make ends meet on $25,000 of income per month.

Sandi posts on Boomer and Echo about how to get more out of your RRSP this year. Do your research with the fund facts and simplified prospectus that are given to you before you make a decision.

Sheryl at Brighter Life suggests that you give your RRSP contributions a raise. One way to do this is to take advantage of matching RRSP contributions from your employer.

Investments

Ben at A Wealth Of Common Sense profiles two individuals on opposite ends of a trade. One admits he got lucky, while the other sustained 5-digit losses. Regardless of gains and losses, the amount of leverage used by both is more than any individual investor should be using. It develops bad habits and even if you end up on the right side of the trade, eventually you will lose your shirt.

Mark at My Own Advisor talks about the new year, which means new TFSA contribution room, and the investments prefers to hold in it. REITs, ETFs and dividend paying stocks are all good options that

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.