insuranceplanners

  With most of the businesses coming to a halt & driving job cuts & salary cuts across sectors, the market is shaky, and the economic environment is uncertain. This factor will affect the insurance carriers, serving insurance during, and post COVID-19 times. With this, we hope that the insurers rise to the occasion and use digital to seize the opportunity while staying true to its social mission of protecting from mortality and income risks. Across geographies, everyone is adjusting as the only way to connect and communicate is through digital, and the impact on the insurance industry is no different. The Indian insurance industry, which according to various reports expected to continue growing at a steady clip, reaching a market size of nearly $280 billion by FY2020, is now staring at books where it is tough to match its 2019’s performance. In the last century, the life and annuities insurance industry worldwide have seen many tumultuous times, and the current pandemic pro...

  A Registered Education Savings Plan (RESP) is an account that helps Canadians invest for a child’s post-secondary education. Money grows inside the account tax-free, and you can invest it in whatever you want. A unique advantage of the RESP Cambridge is that the government will kick in grants as you fund the account: that’s like free money on top of the growth you’ll accumulate from investing.  The government contributions are only taxed when they’re withdrawn and paid out to the beneficiary, in most cases, your child. As long as they are enrolled in a qualified post-secondary program, the money from government programs and the investment earnings can be paid to them and taxed in their hands. If they don’t have much other income, they won’t pay much (if any) tax. What can an RESP be used for? As long as the student can provide confirmation of enrolment in a designated educational program, the funds can be used for any purpose. That means you can pay for tuition, and things ...

Mortgage insurance Kitchener is designed to safeguard what is likely one of your biggest investments – your home. Before signing up, you will want to do some digging to fully understand life insurance in Kitchener. We’ll cover the important details to help you make an informed decision, including what’s good, what’s bad and possible alternatives.  Mortgage Insurance Kitchener  It’s likely you have been inundated with offers to purchase mortgage life insurance in Kitchener if you recently purchased a home. Also referred to as mortgage protection insurance (MPI), this form of coverage is not to be confused with traditional life insurance, such as a 30-year term policy.In a nutshell, it is insurance coverage that pays your lender the balance of your mortgage if you die, and sometimes if you become disabled from an accident.  1. Covers your mortgage balance  Unlike life insurance, mortgage insurance in Kitchener is specifically designed to pay off your home.The death be...

  In today’s knowledge-driven world, post-secondary education is more important than ever. But because of increasing tuition costs, many students need their family’s support to pay for a college education. To help families save for their children’s post-secondary education, the government of Canada introduced the Registered Education Savings Plan (RESP) back in 1972. RESPs have evolved substantially since then and have become the best vehicle for Canadian families to save for their children’s education. Here are 5 reasons to open an RESP Kitchener if you haven’t already:` Government grants mean free money! The federal government puts in 20 cents for every dollar you contribute to an RESP – up to $500 per year – under a program called the Canada Education Savings Grant (CESG). That is a guaranteed 20% return on your first $2,500 of RESP savings per year. Total government contributions under the CESG currently max out at $7,200 per child. Choice of investment options Similar to RRSP...

  No closing costs provided? -  Mortgage insurance Woodstock   There are a number of different reasons that mortgage advisors are able to provide no closing costs. For some, it is because they roll these costs into the cost of the loan, making it technically appear like there are no closing costs when you’re still really paying for them anyway However, the best mortgage advisors Woodstock don’t do this. Instead, they will use their commission to cover the closing costs. So, doesn’t that mean they are losing money? Well, yes; they make less per each mortgage refinance deal. Nevertheless, they prefer to take this approach in the hope that they will satisfy their clients, earn a good reputation, and secure more deals through word-of-mouth referrals. It’s about having those small wins on a regular basis. Will rates stay low or will they increase in the near future? The current state of the economy indicates that the mortgage rates are going to stay low. Although it is impossi...

 Contrary to popular belief, an RESP investment isn't beyond the reach of families on tight budgets. Here is what you need to know about RESPs. Less than one out of four children in Québec benefits from the financial aid provided by a Registered Education Savings Plan (RESP). This aid provides a helping hand to children whose dreams won't be cut short by a mountain of unpaid bills. RESPs also benefit parents, since every dollar they invest in the plan quickly multiplies. And contrary to popular belief, an RESP investment isn't beyond the reach of families on tight budgets.  Here is what you need to know about RESPs. Who Can Contribute to an RESP Kitchener? To open an RESP, the subscriber must have a social insurance number (SIN). The recipient or recipients must also have a SIN and be Canadian residents. There are three types of education savings plans: the individual RESP, family RESP and group RESP. Rules and restrictions also vary according to pl...

  Many people falsely believe that life insurance Kitchener for diabetics doesn’t exist. In reality, there are quite a few life insurance options for those with diabetes. While diabetes remains a health challenge for many, it is still very possible to secure good life insurance as a diabetic.  Here are some key things to know about getting life insurance Kitchener if you have diabetes. Insurance companies consider many factors. In addition to knowing whether you have diabetes, a life insurer may also want to know: Whether you have Type 1 or Type 2 diabetes The age you were diagnosed with diabetes What medications you’re taking Your height and weight How well you’re controlling your diabetes Your glucose levels If you have other health conditions like heart disease and/or high blood pressure If you smoke Your overall medical history Your family history Some life insurers offer something known as “clinical underwriting.” (Underwriting is when an insurance company evaluates you ...