There comes a point when more income stops making your retirement better. Instead, it only brings problems, namely, a heavier tax burden. But that doesn’t have to be the case.

Insurance can get tricky fast. Not only are you looking into the future without a crystal ball, you’re trying to do it across a variety of assets and abilities that make up your life. Finding the right balance is hard, especially when you’re dealing with so many options – each with its own small print.

Ensuring your family’s financial security is at the top of your priority list, therefore the last thing you want to do is leave them with debt – such as an unpaid mortgage. To help you decide how to best protect your family, here are 5 Q&As to help clarify whether mortgage or personal insurance is right for you.

When is the best time to get life insurance so you can feel confident your loved ones are protected? We'll break down when you should buy and what kind of insurance to get in Canada.