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Perhaps the most encouraging outcome of the latest recession is the increasing emphasis on debt reduction by most Canadians.  We are borrowing less and saving more, and, hopefully, developing some more frugal habits that can lead to healthier finances in the future.  Still, many people continue to struggle with their debt.  It takes a firm commitment and a lot of discipline, but

When it comes to admitting that women are better at certain things, men have a difficult time conceding any degree of supremacy.

These are truly remarkable times in the mortgage industry. Mortgage rates are still at their lowest point in more than 50 years presenting homeowners with a once-in-a lifetime opportunity to lock in rates while they’re at or near the bottom. No one can say for certain whether rates can or will drop even further, but what is certain is that, at some point, they will go up.

Although whole life insurance, in its present form, has been around for over a century, it remains somewhat of an enigma for people who want to buy permanent protection, especially as new forms of life insurance have sprung up around it over the last several decades.

The decision to buy life insurance is one of the most important that we can make in our financial lives. It requires careful consideration of our needs, concerns, and priorities.

A recent survey conducted by GK Roper revealed that nearly 55% of respondents reported hiding some aspect of their finances from their spouse or significant other.  Few would argue that financial infidelity is as devastating as a marital infidelity, but most would agree that deceit is deceit, which leads to an evaporation of trust no matter where it comes from. 

The one thing of which we can all be certain of, is change.  Life happens every day and, as a result, we are constantly assessing our situation and changing our course, usually by making small adjustments.  A life insurance purchase is one of the few decisions we make with a more long-term perspective.

Asking “how” to buy life insurance presumes that you’ve moved beyond the “why”, which is a big leap forward; however, it’s not quite as easy to answer.