Whole life insurance, also known as permanent life insurance, is a type of life insurance policy that provides coverage for the entirety of the policyholder’s life. This type of policy typically includes a savings component, known as the cash value, which builds up over time and can be borrowed against or used to pay premiums. One of the main benefits …
Understanding Market Volatility
Market volatility can be a challenging and stressful time for investors; and understanding market volatility can be confusing. The stock market can experience sudden and unexpected fluctuations, which can cause fear and uncertainty among investors. However, there are several strategies that investors can use to manage market volatility and protect their portfolios. One strategy is to diversify your portfolio. Diversification …
Critical Illness Insurance for children
Critical illness insurance for children is an important topic that many parents may not be aware of. This type of insurance provides financial support to families in the event that their child is diagnosed with a serious illness such as cancer, heart disease, or a severe injury. While many people believe that children are not at risk for critical illnesses, …
Your biggest financial asset is your ability to earn an income
For many of us, we wake up every day and take our ability to earn an income for granted. We go to the office or the work site, put in a days work and come home. For those with a disability preventing them from performing their previous occupation, life can become pretty hard financially very quickly Imagine for a …
Household debt in Canada, brace for reckoning
Household debt in Canada has reached a ballooning 2.16 Trillion dollars. That is Trillion spelled with a “T”. Where is all of this debt coming from? Well, its not just your traditional mortgage debt – it is credit card debt, consumer credit debt, vehicle loans, and home equity lines of credit (HELOC’s). The potentially damaging factor in rising home equity …
Why it is so important to get out of debt NOW
The bank of Canada gave Canadians in debt a “gift” this past week. They gave Canadians the luxury of time. But just how much time do we have? It is no secret that the Canadian economy has been propped up for many years by extremely low interest rates. Canadian consumers have been buying new homes, vacation property, vehicles, and borrowing …