by Frank Restorick | Oct 8, 2026 | Life Insurance
A rider is an optional add-on that tailors your disability policy. It is useful for specific risks but never a substitute for a sufficiently large base monthly benefit. The riders you’ll see most often are own-occupation, partial or residual, cost-of-living adjustment...
by Frank Restorick | Oct 7, 2026 | Life Insurance
Low-cost, do-it-yourself index investors usually come out ahead with ETFs, while investors who want automatic contributions and ongoing advice often do better with mutual funds. The gap narrows inside a TFSA or RRSP, where registered status removes most tax...
by Frank Restorick | Oct 7, 2026 | Life Insurance
For short-term emergency cash, a regular savings account wins on simplicity. For tax-free investing and medium- to long-term goals, a TFSA usually comes out ahead. The Canada Revenue Agency sets the 2026 TFSA annual contribution limit at $7,000. Keep reading:...
by Frank Restorick | Oct 5, 2026 | Life Insurance
An elimination period is the waiting period between the start of a disability and the day your benefits actually begin, and it commonly runs anywhere from 30 to 365 days, with 90 days a frequent standard in individual policies. Choosing its length is really a trade: a...
by Frank Restorick | Oct 5, 2026 | Life Insurance
A TFSA successor holder is your spouse or common-law partner, and if properly designated, the TFSA transfers tax-free and generally bypasses probate. If you are a successor holder status means the survivor simply becomes the new account holder at the moment of death,...
by Frank Restorick | Oct 4, 2026 | Life Insurance
An inter vivos trust, often called a living trust, is created while you’re alive and holds assets you transfer into it now. A testamentary trust is created by your will and only comes into existence after you die. The practical difference for Canadians comes down to...