Stay informed

Canadians turning to travel for resilience and longevity

Canadians turning to travel for resilience and longevity

About three-quarters of Canadian travellers (74 per cent) believe vacations can help them build resilience to better handle the stresses of everyday life, according to travel app Skyscanner’s 2025 Travel Trends report. And about six in 10 Canadians are more mindful about their health and well-being while on vacation.
How much life insurance is the right amount? Let’s set up some time to discuss the details such as how long you need it and what kind might be right for you. You can walk out feeling more confident and educated on your options.


Script: How much life insurance is the right amount? Simply put, the amount of life insurance you need depends on your unique situation. A good place to start is to figure out how much life insurance you may need… how long you need it for… and what kind might be right for you. Let’s look at an example: Jackie is 33 years old… and has two kids. She has four goals for her life insurance: Leave money to her family to pay off her mortgage. Top up her kids’ registered education savings plans. Pay off her student loans. And, replace her income for 10 years. Based on these goals, Jackie is looking at a 1-million-dollar life insurance policy. If she died, her family could choose to use the insurance payout to: Put 300-thousand dollars toward the mortgage. Add 60-thousand dollars to the kids’ RESPs. Pay off her 40-thousand-dollar student loan. And… cover the family’s ongoing costs with the remaining 600-thousand dollars. How much do life insurance payments cost per month? In Jackie’s case, a 1-million-dollar, 30-year term policy for a non-smoking, 33-year-old woman… could cost about 80-dollars per month. For a man of the same age, it’s closer to 110-dollars per month. How long do you need your coverage to last? For a younger person… or a couple with debt and a mortgage, a 30-year policy or longer may be suitable. For someone in their forties… with little debt and a small mortgage… a 20-year policy might be the right fit. What are your options? Your employer may offer life insurance through your employee benefits. But… it may not be enough. And you can lose that coverage if you change employers. You may want to consider more life insurance. In which case, you have two types to choose from: Term life insurance. And… permanent life insurance. Any amount of life insurance can help give your loved ones some financial security when you die. Your unique situation will inform the amount and type of insurance you need. For more tips and tools, visit sunlife.ca.
Debt stress is prevalent as Canadians struggle to build financial resilience

Debt stress is prevalent as Canadians struggle to build financial resilience

Canadians are suffering from rising anxiety about their debts which are frequently resulting from everyday expenses, decimating ambition to build financial resilience. The survey highlights the importance of financial planning and education.
Wills, Care And Tough Talks: A Mother’s Day Financial Planning Guide

Wills, Care And Tough Talks: A Mother’s Day Financial Planning Guide

Discover how to support your mom in planning for the future with practical advice on estate, legal, and care decisions.
Inside the shift: Why secondary markets are leading Canada's real estate growth

Inside the shift: Why secondary markets are leading Canada's real estate growth

Investors, once fixated on primary markets, are turning their gaze to Canada’s secondary cities, which have quietly outpaced traditional powerhouses in key economic indicators: population growth, job creation, and rental demand.
Why Saving for Retirement Is Harder for Women Than You Might Think

Why Saving for Retirement Is Harder for Women Than You Might Think

Many people struggle to put away a suitable amount to live on once they stop working. However, it's typically much harder for women, who tend to shoulder more responsibilities outside of work, including raising children and caring for older family members.
Should you set up a corporation with friends to invest? - MoneySense

Should you set up a corporation with friends to invest? - MoneySense

Should you set up a corporation with friends to invest? What to consider when deciding to incorporate a company with friends to buy real estate and more.

Have questions?

Here to help answer your questions, provide clarity about products and get you started on the road to achieving your goals.