It is difficult for anyone to face the possibility of disability, incapacity or loss of independence; however, everyone should plan for these eventualities.
The RRSP deadline is just around the corner and many Canadians are thinking about putting money into their RRSPs and this is a good thing, because like it or not, all of us will, at some point in the future, retire (as in stop working) and will need income that will hopefully last until we depart this earth.
Winter is pretty much here and you are probably thinking of flying south (even for a few days) to a warm place to get away from the cold.
Most of us adopt an attitude toward insurance that places all our attention on what we are paying out monthly and very little thought is given to what we will get in the future.
1 in 7 men will be diagnosed with prostate cancer in his lifetime. Last year, over 26,000 Canadian men were diagnosed with the disease and over 4,000 died from it.” – Rocco Rossi, President & CEO, Prostate Cancer Canada.
There are numerous reasons why homeowners choose to refinance their mortgages – everything from debt consolidation to freeing up money for their child’s education to using their home equity to buy another property. But the most popular reason for refinancing at this time of year is for holiday gift buying and entertainment.
Segregated funds are similar to mutual funds, but are sold only by life insurance companies. The funds are called Segregated Funds because they are kept separate from the rest of the insurance companies assets. In other words, these funds are kept separate from insurance premiums collected so that policyholders and contract holders are protected.