Why State Farm’s Life Insurance needs Calculator is FLAWED
- January 6, 2013
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
No CommentsQuestion, if you want to find how much insurance you need you want or need should you assume you are going to sell all your RRSPs and savings as well? Of course not! Just for fun I used State Farm’s life insurance calculator to determine how much life insurance “I need”.Let say you were married
Why Kanetix.ca Life Insurance Quotes are $hundreds of dollars higher!!
- January 5, 2013
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
Here is a question. If you have a tag line that says “Compare the best life insurance rates today” should it be true?I did a quote for a male non-smoker Born Jan 4th 1965 for $500,000 on https://www.kanetix.ca/life-insurance the cost $6,035 per year. The best quote we could find was $5,395 per year! The difference
Bank on yourself in Canada…So you think term always beats whole life insurance…think again!
- October 8, 2012
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
Here is a story I wrote recently on the term vs. whole life debate and the idea that “Buy term and invest the difference does not work. See link below. http://www.myownadvisor.ca/2012/09/you-think-term-always-beats-whole-life-insurance-think-again/
Ontario Teachers Pension Plan…(teachers need a Plan B)
- September 3, 2012
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
Teachers’ pension plan projects $9.6 billion funding shortfall (from OTPP website) April 3, 2012 – The Ontario Teachers’ Pension Plan is projecting a $9.6 billion funding shortfall. The shortfall exists despite an 11.2% return on investments in 2011 and plan changes that eliminated a shortfall reported last year. A shortfall occurs when plan liabilities (the
Question about life insurance get it now or wait?
- September 2, 2012
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
Hear is a question I saw from a website. BOB I need some advice. I am 49 years old and have started a family I guess you can say late in life. I am married and have a 5 year old and a 6 month old. I want to get term life insurance but don’t
Is Ratesupermarket.ca using outdated financial tools? Or at least using a poor insurance quote system?
- May 3, 2012
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
Do you ever read a ad which is out of date or worse seems to be written from years ago but is dated today? Rate supermarket.ca is one site that need to update their insurance quote system right away! Here is an example 28 year old male regular health class permanent coverage $700,000 $176.22 from
TD Insurance… very limited and expensive choices!
- February 26, 2012
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
I always get e-mails from bank talking about insurance. Note CIBC does not offer any insurance. Here is the latest quote I ran off TD’s site. http://www.tdinsurance.com/products-services/life-insurance/term-life-insurance/term-quote.jsp?campaignid=DPROM1201LIFEGIB Male born Dec. 12th 1980 (31 years old non-smoker) choices they offered for $500,000 coverage Term 10 $31.07/month Term 20 $42.01/month Term 100 $220/.07 month (note no cash
Tories unveil voluntary pension system Critics say PPRPs do little to help Canadians save for retirement
- November 17, 2011
- Posted by: Brian Poncelet
- Category: Approved, Federal Politics, Life Insurance, World News Insurance
Do you like paying taxes? Government rules? Uncertain returns? o you In a nutshell, the above idea is really a RRSP (you just deffer taxes in the future) Do you believe taxes will be lower in the future? Sorry, if you do your own taxes you know this is not the case unless your income
CBC in Dential…mortgage insurance
- September 5, 2011
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
The ShowMortgage insurance: Not always a sure thing If you have a mortgage on your home, chances are good you also have mortgage insurance. The idea is that if you should become seriously ill or die before paying off the mortgage, the coverage will kick in and pay it off for you. It’s meant to
Finding lost insurance policies…What everyone needs to do.
- August 9, 2011
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance, World News Insurance
Over the years I have talked to people who thought they had a $500,000 insurance coverage only to find out…after me telling them to find their policy they only have $50,000!! Or how about a disability policy that was bought cheap which only covers injury? Or a term policy that lasped years ago? We have