The pros and cons of long-term care insurance
A guide from the Canadian Life and Health Insurance Association highlights the increasing cost of long-term care and reasons for buying long term care insurance. However the high cost and restrictive...
View ArticleWhy you need travel insurance for inter-provincial travel
I’ve read so many horror stories about people losing their life savings because they became seriously ill when travelling in the U.S. that I’ve become a bit paranoid about having enough travel...
View ArticleWhy group insurance benefits can be reduced at age 65
Mandatory retirement was abolished in Ontario at the end of 2006 so your employer can’t force you to retire. However if you work beyond age 65 in Ontario, you may be surprised to learn that your...
View ArticleGenetic testing could limit life, health insurance options
The U.S. personal genetics company 23andme has recently announced that Canadians can now purchase genetic test kits for C$199 that will provide information on genealogical information and 108 health...
View ArticleLimited options available for LTD coverage after age 65
The abolition of mandatory retirement across the country has removed a major obstacle for people who want to work beyond age 65. But options for older workers who need to be insured for long term...
View ArticleHow to save money on home insurance
Nobody likes paying for home insurance. It seems like just another bill every month that means you have less money to spend on something else. However, people who have had a break in or a fire and...
View ArticleShould seniors be able to sell their life insurance?
My views are generally left of centre, but every now and then certain “nanny state” provisions get my back up. For example, regular readers will know what I think of Ontario’s locking in provisions....
View ArticleFired teacher gets 12 months plus LTD to age 65
A wrongfully dismissed computer studies teacher was awarded 12 months’ pay plus payments in lieu of long term disability for 11 years until age 65. This case re-affirms that employers must continue LTD...
View ArticleCutting of WSIB payments at age 65 not a Charter violation
A recent Ontario Divisional Court decision has confirmed that it is not a Charter violation to terminate Workplace Safety and Insurance Benefits after two years when an employee is age 63 or older at...
View Article14 things that will make your home insurance more expensive
Daniel Mirkovic from Square One Insurance recently put together a list of 14 things that will definitely make your house insurance more expensive. This information was initially posted on insureye.com....
View ArticleSome travel insurance risks you should know about
As a result of vacations and family events over the last month I haven’t posted anything new on Retirement Redux, so I decided it was time to go through my email to find source material for blogs...
View ArticlePremiums Rising for Existing Long Term Care Policies
If you are planning for retirement, you may be considering the purchase of long-term care insurance long term care (LTC) insurance to help pay for health-related expenses in your later years. However,...
View ArticleOrthotics store, 2 TTC employees bilk Manulife out of $4M+
I have had knee and back problems for years. If I didn’t have orthotics at $500+ a pop my shoe wardrobe would be limited to Birkenstocks. I wouldn’t be able to walk very far or exercise. So as you can...
View ArticleWill Public Plans Pay for the Drugs You Need?
My husband just turned 65, so when he went to the drug store to renew a prescription this week he fully expected that the Ontario Drug Benefit Plan (ODB) would be first in line to cover the cost of his...
View ArticleEliminating health benefits for age-65+ workers a Charter violation
Wayne (Steve) Talos: Brantford Expositor A decision by the Human Rights Tribunal of Ontario that the Charter Rights of Wayne (Steve) Talos to non-discrimination based on age were violated by the...
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