When most of us go on a trip, insurance is the furthest thing from our minds. We’re there to take a load off, see the sites or visit family and friends. But what if you have an accident? What if the family member you’re traveling with falls ill? What if your belongings and money are stolen?

Travel insurance can save you the grief of those nightmares for only a few cents a day. According to Maclean’s Magazine, Canadians are losing $2 million dollars a day in cancelled flights — and that’s just from Air Canada.

What’s more, your individual insurance plans will not be enough to cover your potential emergencies abroad.

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Looking for that perfect life insurance may not be as easy as it is made to look by some insurance agents. If you are not careful enough, it could take nothing more than a few attractive insurance quotes to make you compromise on the quality of policy. It is important to be in the know about life insurance and not to make any spur-of-the-moment decisions which can help you avoid committing such a mistake. If your only source of information is an agent, he might recommend a policy simply because it lets him make that extra buck.

Sometimes in the credit card statements you will find a pitch for a credit life.

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New legislation for locked-in accounts in Ontario means greater access for clients in the province with money locked-in to insurance plans and greater flexibility when it comes to managing their savings for retirement.

Rules for those who currently hold Life Income Funds (LIF) in Ontario are the following:

Owners of current Ontario LIF contracts will have a single opportunity to cash out or transfer an additional 25% of existing LIF funds into an RRSP or RRIF, but the owner must make the descision between Jan. 1 and Dec. 31, 2010.

Rules for those with new Life Income Funds (LIF) in Ontario are the following:

If one purchases a LIF in Ontario on or after Jan.

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If you are young, you may think it is premature to worry about life insurance. The statistics of people who are not insured are frighteningly high! There are so many people who pass away, leaving their families in a tough financial situation, without even realizing the effect that is left behind. If you are a financial contributor in your household, it is imperative that there will be something for your family to fall back on when you are not there anymore. It is even more urgent if you have debt to your name. Sometimes money is taken out of the life insurance policy to pay back your debts.

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