Blog
Lack of information = Lack of advice
- June 15, 2014
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance
No CommentsOne of the things that drives me nuts is the shows like the Suzie Orman show on CNBC. Callers will say their situation which takes 30 or less Suzie will give advice in about 8 -15 seconds. If you go to a Dr.’s office for the first time do you have to do a physical?
High cost of helping your parents
- May 26, 2014
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance
The National Post had a great story about the high cost of looking after parents who need extra care in their older years. http://business.financialpost.com/author/mwleong/ The story is really an old one. Boomers, paying for help for their parents out of their own savings. “Seven in 10 caregivers were providing some sort of financial assistance to
Why the best permanent life insurance quotes can not be quoted on www.ratesupermarket.ca
- April 6, 2014
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance
I used an example of a male non-smoker born January 18, 1974 for permanent coverage for $500,000. Best quote was $322/month. No Cash value. I ran a quote my self on another insurance company best quote $400/month. Hey that’s $80/month more expensive! But at year 15 the GUARANTEED CASH VALUE IS $35,435. Ok let’s look
Everyone has a plan, until they are punched in the face…Mike Tyson
- March 23, 2014
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance
One of the biggest jokes in the media (BNN, Globe & Mail, CNBC etc.) is where should you invest today?! Index funds, ETFs, stocks. The problem is what is the exit plan? What about taxes, inflation poor returns, health. Until the media talks about the other factors that eat your money. The rest is really
How to protect your RRSPs TSFA’s and your RESPs
- March 15, 2014
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance
How do you protect your hard earned RRSP from a serious event in your life which is very likely to happen before you reach 65. What is it? It is called disability insurance. Most people have very poor insurance coverage at work, I would even say that two years is the limit. Go to
Switching your mortgage for free…or a low penalty. (TD,RBC, CIBC) Part 1
- February 18, 2014
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance
You see better rates than what you currently have with the TD or Royal bank. What do you do? First off ask yourself do you have mortgage insurance with the bank or critical illness insurance? If yes good news you can replace that with better coverage! This is your first step. Since you most likely
www.ratesupermarket.ca and www.rightinsurance.ca in the news
- February 17, 2014
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
Hello 2014! Sean Cooper wrote a blog (with my help) on Disability Insurance. http://www.ratesupermarket.ca/blog/why-your-disability-coverage-may-not-be-enough/ Insure your paycheck Make the most of disability insurance, an important and often misunderstood insurance. https://www.fidelity.com/viewpoints/personal-finance/disability-insurance “Disability coverage is one of the most ignored insurance coverages out there,” observes Keith Kruk, a Texas-based regional vice president of Fidelity Brokerage Services. “But
Toronto Star and TD life insurance
- December 9, 2013
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
One couple’s $97,500 life insurance mistake A decision by the Ontario Superior Court highlights the importance of correctly answering health-related questions on insurance applications. By: Sheryl Smolkin At Work, Published on Thu Dec 05 2013 In a nutshell TD insurance did not pay a claim. Why? The application also asked whether in the same period
Why TD mortgage life insurance is so expensive!
- December 1, 2013
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
Let’s start of and make a few points. If you leave the TD Bank ….your coverage is gone! If you pay off your mortgage…your coverage is gone! If you sell your house … your coverage is gone! What about price? If two or more borrowers are insured with Life Insurance, a 25% discount will apply
How Globe & Mail cost readers (who followed the reporter’s advice) lost thousands of dollars on their mortgages
- November 24, 2013
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
Don’t believe everything you read. Here is a great example taken from www.mortgagetrends.com http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2007/10/globe-says-lock.html October 26, 2007 Globe Says Lock In Lock-in-Mortgage Rob Carrick from the Globe & Mail is ringing the alarm. With mortgage rates at 6-year highs and shrinking variable-rate discounts, he says it’s time to lock in now. Back in 2007 5