Insurance Corp. of B.C. faces uncertain future

Canada’s only mandatory insurance provider is digging a deep financial hole and the B.C. government is looking for answers

Insurance Corp. of B.C. faces uncertain futureIt’s no secret that the Insurance Corp. of British Columbia (ICBC) is under financial distress. But should it be saved? In 2016-17, it suffered its largest loss ever – $889 million, an amount equal to 18 per cent of its total premiums. What’s worse, it’s heading for an even larger $1.3 billion loss this year,…

Digital present, paperless future in store for drivers

People are becoming more confident that private information can be used, received and shared electronically

Digital present, paperless future in store for driversIt’s no secret that our world is becoming more digital. Computers and personal devices are important parts of our daily lives. The Internet has become our best friend, tool and resource. Digital media players like Apple TV, and streaming services offered by Netflix, Acorn TV and Amazon Prime are systematically replacing television sets and movie…

Fine dining event a huge fundraising success

The owners of Kindersley Insurance Ltd., with staff and volunteers, served a four-course meal to raise $4,655 for West Central Abilities

Fine dining event a huge fundraising successKenneth Brown of The Clarion The owners of Kindersley Insurance Ltd. host an annual fine dining event to raise money for a local cause. The 2018 fundraiser has been declared a success. People gathered at St. Joseph’s Catholic Church on Jan. 27 to enjoy a four-course meal prepared by the owners of Kindersley Insurance with…

Do you need mortgage insurance?

It depends. As with all financial planning questions, no one answer fits every situation

Do you need mortgage insurance?“Did I need to take the insurance the bank sold me when I got my mortgage? Do I need mortgage insurance at all?” C.P. wrote and asked. I’m often asked this and the answer is usually the same: That depends. As with all financial planning questions, no one answer fits every situation. The simple answer in…

Choosing and maintaining the right life insurance plan

Examining the three types of permanent insurance: term to 100, whole life and universal life plans

Choosing and maintaining the right life insurance planThere are many types of insurance and many ways to look at how it fits into your financial plan. In my last column I wrote about term insurance being the “if you die prematurely” option. In this column, I'm going to do a basic review of permanent life insurance plans. There are three types of…

Life insurance is more affordable than you think

Term insurance allows the most amount of coverage with the least amount of cost for a select period of time

Life insurance is more affordable than you thinkFrom a pure income replacement point of view, perhaps basic term life insurance should be called death insurance. It isn't because people do not like to think of their own mortality. Like all insurance, you pay a monthly or annual premium for life insurance. In exchange, the insurance company pays you – or in the case…