Life Insurance

RBC and other banks are making a killing selling credit card life insurance. Here is how it works. Say you want to have your credit card paid if you die. They charge $1.19 per $100 of coverage. So if you have an average balance of $10,000 on your card you pay $119 per month!!! Compare

Here’s how I bought life insurance without getting screwed: 1. Get Term Life Insurance Here is some of the gems. “The better term life policies have this feature which guarantees a policy cannot be canceled because of poor health. Do not buy a life insurance policy without guaranteed renewability”. Answer: In Canada all term policies

Question what is the average NHL average career? Answer… 5.5 years! Where do most hockey players get their financial advice? Many times its from other ex-hockey players. What do young players do? They buy cars, houses cottages etc. Problem is time is limited and so is money! With real estate buying the biggest home on

So you want to buy a house? Here is some numbers you need to know first. Gross income Mortgage payment Property taxes Formula is Mortgage payment + Property taxes + heating cost (or 50% of condo fees) ————————————————————————— Gross Income Here is an example: Mortgage payments $1360/ month ($16,320/year) Heating $2,000/year Property Taxes $4,600 Gross

What are Insurance Riders? Do You Need Them? Here is a link to a blog I helped with on www.ratesupermarket.ca “What is an Insurance Rider? An insurance rider is optional coverage you can add to your policy. “An insurance rider is really enhanced coverage or benefit to the policy holder for a cost above the