Less than half of Canadians have pension coverage and most of those are defined contribution pensions, which are subject to the whims of the market. The numbers for law firms are even bleaker — most have no pension arrangement at all.
Life insurance is often thought of as something you buy to protect loved ones in the event of your death. Viewed through this lens, the premiums you pay seem more like an expense than an investment.
In some cases, it’s easy to go online, answer a few questions, and find the best deal on insurance within minutes. This is particularly true of home and auto insurance where policies tend to have a lot of similarities.