The Three ECs of Life Insurance
Posted on:Life insurance is initially purchased for any of a number of reasons. As time goes by, many people question why they are still carrying their policies as the original purpose no longer applies. Here are the three uses of life insurance: Estate Creation - When Ralph and Alice bought their first life insurance policies, they arrived at the amount of coverage with the help of their insurance…
Read MoreFinancial Strategies for the "University Years"
Posted on:Many parents wrestle with the dilemma of how much financial support to provide their children attending post-secondary programs. The costs today are much greater than what the parents paid for similar schooling some thirty or more years ago. Tuition costs alone have risen at least tenfold since the 1970's for a basic humanities degree, never mind the enormous cost increases for professional…
Read MoreInvestor Emotions & Media Influence
Posted on:During a recent client call, the topics discussed included how the media influence people's investment behaviors. This client woke up one day with an 'epiphany' thinking that a market correction was just around the corner. They did admit after a discussion that they had been reading something to that effect in the newspapers during the weekend. It was pointed out that the media has been calling…
Read MoreIs Credit Balance Insurance a Rip-off?
Posted on:Graham, like millions of other Canadians, has and uses credit cards. He often carries a balance from month to month and is concerned about making the monthly payments if he becomes disabled or gets seriously ill. Graham doesn't want to stick his family with the balance if he dies before paying it off. The credit card company offered him Credit Balance Insurance (CBI) that would take care of these…
Read MoreThe Planning Continuum
Posted on:A question sometimes asked in the media is exactly what is the role of a financial professional and how do they help the client meet their life goals and dreams. Why do you even need to engage the services of a planner or advisor when so much information is already available for free on the internet and elsewhere? There is however a big difference between free information and financial wisdom and…
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