Personal finance

If you need to file a homeowners insurance claim to replace damaged, destroyed or stolen items, you may be surprised to learn that your policy doesn’t necessarily cover the full cost of replacement. This is due to depreciation, or the monetary value that items lose due to the passage of time, wear and tear, or …

Recoverable depreciation: What you need to know Read More »

Group life insurance is exactly what it sounds like — life insurance for a group of people, usually offered through a job, union, or other professional association. Group life insurance policies usually provide much less coverage than an individual policy, usually one or two times your salary. Since the rule of thumb for how much …

What it is, how it works, pros and cons Read More »

Joint life insurance is a single policy that covers two people, whether they are a married couple, business partners or family members. Although a joint policy usually has lower premiums than buying two separate policies, it is not the right answer for everyone. Here’s what you need to know about joint life insurance and how …

What is joint life insurance? Read More »

The purpose of life insurance is to protect you and your loved ones. But what if your policy doesn’t meet all your needs? A life insurer allows you to customize a policy – by adding more cover, for example, or additional benefits. There are riders that provide limited coverage for a spouse, pay for long-term …

Life Insurer: Everything You Need to Know Read More »

Buying life insurance is a financial planning rite of passage for many adults. But should you buy a policy for your children? “Rarely will we ever see a need for a child to have a life insurance policy,” says Eddie Jurgielewicz, a certified financial planner at Facet, an investment advisory service. “Life insurance is primarily …

Life insurance for children: is it worth it? Read More »