GRADS Blog Series – Affinity Partnerships

grad blog post title pageTD Insurance Meloche Monnex - Saving on Home and Auto Insurance

As an alumnus, you’re probably already aware that being associated with a University like Waterloo has its perks. But did you know that some of those perks could help you out as you make your next big life decisions? A lot of graduates start thinking about making significant purchases after they finish university – buying a car or a house, for example. These are big investments worth protecting, which means thinking about insurance. So, before you move forward with these major purchases, it’s important to be aware of your insurance options, to make sure that you maximize your savings.

Most insurers will offer a lower rate on auto insurance if you have been accident-free for a specified period of time, or will offer a discount if you buy both home and auto insurance from them. But did you know that, in addition to these benefits, TD Insurance Meloche Monnex offers you special privileges as a graduate of uWaterloo? Because of our affinity program with the university, you can get preferred group rates, enhanced coverage, and flexible limits from us. We get that it’s important to save where you can, and the benefits you get as a uWaterloo alum can help you do that. If you want more details about how you can save on auto and home insurance, check out TD Insurance Meloche Monnex or your alumni benefits and perks page.

As you move forward with your milestone moments, it’s worth taking advantage of the discounts available to you. By making use of uWaterloo’s agreement with us, and the special offers that come with it, you can make these big decisions a little bit easier – and spend your time focusing on the fun stuff instead!


Manulife Financial - 5 Common Life Insurance Myths

Make no mistake. There are a lot of misconceptions out there. And with life insurance, what you don’t know, or thought you knew, can cause problems later on — when you’re no longer around to correct them. Sorting fact from fiction can be tricky. Here’s help.

Life insurance is a very personal decision, and to some, it can be a complicated one to make. When you throw in some misguided ideas into the mix, you can easily get off track of what’s right for you and your family.

Here are some common life insurance myths and the realities you should know:

“My spouse doesn’t need life insurance if I’m the primary breadwinner.”

Whether or not your spouse works, your family will miss their contribution to the household if it disappears. Stay-at-home parents may not earn income but the work they provide raising the family and caring for the home would be a financial burden to replace in their absence.

“My life insurance coverage at work is enough.”
Employer-provided group life insurance is often quite limited, usually no more than twice your annual salary. It is also not portable so if you quit your job or retire, you lose your coverage.
“My beneficiaries will have to pay tax on the death benefit.”
Very few people know that most amounts received from a life insurance policy following the insured's death are not taxed. Consult Canada Revenue Agency for more details.
“Once the kids move out, I won’t need insurance anymore.”

Even when your children become financially independent, there are still other people who may rely on you for support, like your spouse, aging parents, even grandchildren. You may also want to leave your kids an inheritance.

“I’m young and single, therefore I don’t need insurance.”

The image of young, carefree singles with no responsibilities and no need to plan for the future is just that — an image. Planning is even more important for singles because they must face every financial challenge on their own. While young and healthy, you can start a new life insurance policy when it is likely to be more affordable.

Contact Paul J. Liut, (BA, '81) or 1-866-479-2755.

Add new comment

Blog topics

  1. 2019 (54)
    1. August (5)
    2. July (8)
    3. June (8)
    4. May (7)
    5. April (7)
    6. March (8)
    7. February (8)
    8. January (3)
  2. 2018 (25)
    1. September (1)
    2. August (3)
    3. July (2)
    4. June (3)
    5. May (2)
    6. April (2)
    7. March (4)
    8. February (4)
    9. January (4)
  3. 2017 (51)
    1. December (4)
    2. November (4)
    3. October (4)
    4. September (5)
    5. August (4)
    6. July (4)
    7. June (5)
    8. May (4)
    9. April (4)
    10. March (5)
    11. February (4)
    12. January (4)
  4. 2016 (50)
    1. December (2)
    2. November (5)
    3. October (4)
    4. September (5)
    5. August (4)
    6. July (4)
    7. June (5)
    8. May (4)
    9. April (5)
    10. March (4)
    11. February (4)
    12. January (4)
  5. 2015 (54)
    1. December (3)
    2. November (4)
    3. October (4)
    4. September (5)
    5. August (4)
    6. July (5)
    7. June (4)
    8. May (4)
    9. April (5)
    10. March (4)
    11. February (7)
    12. January (5)
  6. 2014 (50)
    1. December (3)
    2. November (5)
    3. October (5)
    4. September (4)
    5. August (5)
    6. July (4)
    7. June (4)
    8. May (5)
    9. April (4)
    10. March (3)
    11. February (3)
    12. January (5)
  7. 2013 (40)
    1. December (3)
    2. November (5)
    3. October (4)
    4. September (4)
    5. August (5)
    6. July (4)
    7. June (4)
    8. May (4)
    9. April (2)
    10. March (2)
    11. February (2)
    12. January (1)
  8. 2012 (9)