Retirment Asset Allocation RRSP Graphing Calculator RRSP Tax Savings Calculator After-Tax Returns Calc. Just recently I was chatting with a young couple who are expecting their first child any day now. He's about to change jobs for a spot with more growth potential, but one of the glitches in the switch is the loss of company benefits. She'll be on paid maternity leave for six months, and unpaid leave for another six after that. The budget is being reduced and the expenses inevitably will rise along with the new responsibilities.
Life insurance comes in a lot of combinations and permutations.
In this particular case, because the budget is tight, the obvious choice would be a basic, inexpensive term policy. Term life insurance can be likened to renting an apartment. You pay your rent, but when the lease is up, you don't own anything. When you stop paying, your coverage is gone - no residual cash. We looked at several different options.