You told us earlier this year that helping you save on some of those routine costs that nip away at your already tight budgets would be super helpful. After bank accounts, cell phones and car shares, we asked if we could get a deal on home or tenant insurance. The answer was yet another - yes we can! Meet Kawkab, from The Co-operators, who helped put this Gen Squeeze deal together.
Pic: Kawkab (right) and Paul
Gen Squeeze aims to be a national voice for squeezed Canadians in their 20s to 40s, in the world of politics AND in the marketplace. On the latter front, we've been building up a benefits program to ease your squeeze.
The Co-operators, our newest partner, is pleased to offer 10% off on Home Insurance or 20% when bundled with another insurance product. Plus The Co-operators are getting behind our #CodeRed Housing campaign as a sponsor!
We’re delighted to have the Co-operators on board as a multi-faceted partner - their financial and product support will go a long way to help, but mostly we’ve just enjoyed getting to know the awesome people working there (they have humans answering their phones!).
Kawkab will be helping the folks in BC, and we’ll introduce you to Jennifer and Kevin who will be helping out with Ontario, Alberta and Saskatchewan.
Q&A with Kawkab
Tell me a bit about the Co-operators and the Co-op movement? Why is it important to you?
As a co-operative, our commitment to communities is an operating principle that inspires us to take action, provide assistance and raise awareness when there’s a need. Historically, co-operatives have been key in supporting social change, from supporting gender equality and LGBT rights to economic empowerment and poverty alleviation. Co-operatives use our values and principles as an ethical framework through which we make business decisions. This means we need to balance profitability with the needs of our communities, while also taking care of the environment.
As an insurance expert, what’s the one thing that young people need to know about insurance?
Insurance provides a very important financial safety net for people. The premiums of the many pay for the losses of the few, and those premiums are quite affordable. Generally, the premiums are pennies on the dollar and if you suffer a loss, the insurance helps to put you and your family in a much better position – it makes you more financially resilient.
For example, one of our clients suffered a total fire loss - she received a cheque to replace everything that she lost in the fire. If she did not have any insurance, she would have been left to replace all of her belongings on her own. It’s rare, but it does happen.
Another example for a different type of insurance is critical illness coverage. A 30 year old female in good health can pay as little is $30 a month for $100,000 in critical illness coverage. If, tragically, she became sick with a critical illness, such as cancer, she would receive a lump sum amount of $100,000, 30 days after being diagnosed. She could use those funds in whatever way she needed to – whether it’s to take care of bills, seek alternative treatment, travel or something else. This matters. It matters to that mother and it matters to her family.
How does “the Squeeze” show up for you in your day-to-day life? What excites you about Gen Squeeze?
As local agents in the community we recognize that affordable housing, the environment, the money squeeze and time squeeze are issues young people are facing. Being part of this generation and knowing others of the generation in our communities we feel them too. That’s why we are so excited to be a sponsor of Gen Squeeze and to offer this benefit to Gen Squeeze members.