I was recently interviewed by Mark Willis on Not Your Average Financial Podcast and it was amazing! If you want to support me, or just start thinking differently about money, and begin to Bank On Yourself, you need to be subscribed to this...
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Critical illness insurance is a lump-sum, tax free benefit that is paid out after you have been diagnosed with a critical illness such as cancer, heart attack and stroke. It is not disability insurance for a few reasons: The payment of the...
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Big changes are happening to critical illness insurance, so if you have been thinking of getting a policy, now is the time. As of right now, you can get critical illness insurance, which will refund all of your premiums paid in the 20th year if...
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What is critical illness insurance? It is a tax-free lump sum of money that is given to you within 30 days of being diagnosed with a critical illness. Which illnesses are covered? Cancer is the biggest one, but it also covers you for other...
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So you have purchased a home and your lender has asked you to get mortgage insurance, but you aren’t sure if it is the right product for you or not. What is mortgage insurance? It is an insurance product that protects both you and the...
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Well folks, the times they are a changing, and along with it is the insurance industry as a whole. This will affect the efficacy of the Million Dollar Baby Savings Plan, or in technical terms, participating whole life insurance policies, in the...
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Let’s face it, most of us get our financial advice from the entity that cashes our cheques and stores our cash, the bank! What most people do not know is that the bank cannot offer any life-insurance based products. It’s illegal. You...
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Cancer. It’s a word we hear all too much these days. Everyone has a friend or a family member who has been touched by this dreadful disease. Although most of us can empathize with the emotional impact that this disease can have on a family...
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As you contemplate the gifts you might be buying your children or grandchildren this holiday season, consider financial gifts that could reap big rewards for them in the future Source: Five financial gifts that will keep on giving – The...
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It sounds pretty fancy, but what exactly is the Million Dollar Baby Savings Plan? Million Dollar Baby is just a fancy way of referring to something that has been around for over 100 years, a “participating whole life insurance...
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A Tax Free Savings Account (TFSA) is one investment option that allows Canadians to earn tax free investment income to meet lifetime saving needs. However, all registered investment options have their rules and regulations. One of the rules of a...
More There are a lot of things that Canadians don’t know about money. Unfortunately some of the things we do know end up costing us a lot of money. Think about $1 you earn, where does it go? There are only 5 places it can go: Taxes Interest...
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