http://rightinsurance.ca/blog Information and advice from Brian Poncelet, CFP Tue, 25 May 2010 14:17:08 +0000 http://backend.userland.com/rss092 en When you buy life insurance through Canadian Tire you lose in many ways. One: you pay too much!  As an example, a 50 year old male non-smoker, with $250,000 coverage pays $92/month...and this goes up every 5 years!! With other companies like Equitable you can get more coverage - e.g. $300,000 level ... http://rightinsurance.ca/blog/2010/05/25/why-canadian-tire-costs-more-for-life-insurance/ Many insurance “experts” will tell you to save money buy term ten.  This is true at the start but will cost more over the long run. First off 10 years flies by!  If you are lucky enough to get a preferred rating and need and want coverage after ... http://rightinsurance.ca/blog/2010/03/15/how-to-save-money-and-protect-your-family-when-buying-term-insurance/ I don’t normally beat up on insurance companies but I will  let the facts speak for themselves.  Primerica's history from their web site: “Primerica’s roots date back to 1977 when the company embarked on a revolutionary crusade to transform the life insurance industry. Primerica’s “Buy Term ... http://rightinsurance.ca/blog/2010/01/28/primerica-charges-much-higher-rates-for-women-for-less-coverage/ Every year accountants, tax preparers and Canadians who do their own personal taxes miss out on millions of dollars of tax refunds and credits. How can you prevent this from happening to you? My personal story may help your family. I have two boys that were born in 1999. ... http://rightinsurance.ca/blog/2009/09/29/i-got-back-over-17000-from-cra-and-continue-to-save-thousands-of-dollars-every-year-which-really-helps-my-family-maybe-you-can-too/ Here's an excerpt from Ann Landers that I considered very relevant! DEAR ANN LANDERS:  Last year at this time I was a secure, happy wife and mother.  Today, I sit here wondering if I can get together the money to pay my utility bills before they shut off the electricity and ... http://rightinsurance.ca/blog/2009/09/10/how-often-do-your-hear-yourself-saying-no-i-havent-taken-care-of-that-ive-been-meaning-to/ How Does Assuris Protect You? If your life insurance company fails, your policies will be transferred to a solvent company. Assuris guarantees that you will retain at least 85% of the insurance benefits you were promised. Insurance benefits include Death, Health Expense, Monthly Income and Cash Value. Your deposit type products will ... http://rightinsurance.ca/blog/2009/07/07/why-your-insurance-money-is-safe-and-protected/ var byString = ""; var sourceString = "The Canadian Press"; if ((sourceString != "") && (byString != "")) { document.write(byString + ", "); } else { document.write(byString); ... http://rightinsurance.ca/blog/2009/05/08/more-reasons-why-you-need-critical-illness-insurance/ When you put together "the Plan," what does that mean? Does it mean selling some Investors Group Allegro(TM) aggressive portfolio or some other Investors Group US Large cap Value fund? Very little talk is about cash flow and how to work with current payments and move them into accumulated money. ... http://rightinsurance.ca/blog/2009/03/25/accumulated-money-transferred-money-and-lifestyle-money/ There is a lot of talk about paying for an objective second opinion or third party to look at a portfolio to see if it is doing as well as it could in these difficult times, and whether it's tailored to the client's risk tolerance and retirement goals. Second opinion (second ... http://rightinsurance.ca/blog/2009/02/06/get-a-second-opinion/ When you buy a car how do you pay for it? Cash? Borrow from the bank. Since the bank takes deposits and loans it out at a higher interest rate this is how they make money. Suppose you could do the same with your insurance policy? If ... http://rightinsurance.ca/blog/2008/12/17/how-to-be-your-own-banker/