Segregated funds are an excellent tool for estate planning as they are kept separate from the estate thus protected against probate. These funds are distributed exclusively by life insurance companies and are payable at death as a tax free benefit. This category of funds has many advantages over mutual funds….Read more: Comparison of Segregated Funds over Mutual Funds
Top 10 Reasons to have an Estate Plan
You’ve worked hard for many years, likely decades, to get where you are today. It can all be taken away in a matter of moments without proper plans in place. Estate planning starts by considering the events and changes that death or serious illness will bring. Then it tries to improve the situation for you and your heirs.
Travel Insurance Tips
Tip #1 – Declarations:
When applying for travel insurance it is important to understand the declaration of health, so that you know what you are agreeing to before signing on the dotted line. Here are some sample declarations from various travel application forms: Sample Declarations
Tip #2 – The Applicant & The Agent
An insurance policy is a contract; be aware of what you are agreeing to and take it seriously. Applying for travel insurance is a process, so give yourself some time to make sure everything is in order before signing on the dotted line. Read more about your role as an applicant and working with an agent: The Applicant & The Agent: Roles & Responsibilities
The Art of Downsizing
As many approach or enter retirement, there is often a reluctance to make a change in their residence. There are even schemes that capitalize on this reluctance called reverse mortgages. They promise you that you can stay in your home and access all the cash you want to make ends meet, go on your dream vacation or help family members. This is simply a way to take advantage of a desire to maintain a possibly unrealistic lifestyle.
Dead & Online: What Happens to Your Digital Estate When You Die?
There are nearly four billion registered e-mail accounts and more than one billion Facebook accounts worldwide. But what happens to all of that online information after we are gone? Entrepreneurs and legislative groups are trying to offer solutions to build awareness of the complications surrounding digital estate planning after death.
Juvenile Life Insurance
Juvenile life insurance is permanent life insurance that insures a minor. It is a financial planning tool and should not be confused with Child Life Insurance which is usually purchased to protect a family against the sudden and unexpected costs of a funeral and burial.
Juvenile life insurance has become popular for college savings, lifetime savings, investment, and as an estate planning tool providing the following benefits:
– Build up of tax deferred cash value inside the insurance policy
– A policy can be paid up in 10, 15, or 20 years providing insurance coverage for life and cash values with continued growth
– The face value is received tax free
Understanding Par Whole Life and Dividend Scale Interest Rate
For more information on Juvenile plans and carriers, Contact me
2014 Ontario Budget: Building Ontario Up Today for a Brighter, Stronger Future Tomorrow
Ontario is moving forward with its plan to build opportunity and security for today and tomorrow. The 2014 Ontario Budget, takes immediate action to create jobs by investing in a highly skilled workforce, building modern infrastructure and transportation networks, and supporting a dynamic and innovative business climate.
The budget also takes steps to build the retirement security workers deserve, an initiative that supports long-term economic growth…
Estate Planning Lessons from Celebrities
It is said that human beings are one of the few species on Earth with the ability to learn from other people’s mistakes and yet are also the least likely to. We can learn valuable lessons from what people do and even more valuable lessons from what they do not do. Following are a few examples from a recent article on wealthmanagement.com….
Snowbird Seminar
Join us for our first annual Snowbird Seminar at the Buckhorn Community Centre on Thursday, August 21st, 2014 from 9-12:30.
We have put together a group of professionals to provide information and answer questions about various subjects: Travel Insurance; Getting Your Prescriptions in Order; Tips on Converting US $; Buying Property in the US?; US Tax Issues for Canadians – 183 Day Rule.
For more information click here
10 Ways to Save on Travel Insurance
1. Travel Often: Consider a Multi-Trip/Annual Plan. They end up being significantly cheaper and more convenient than single trip plans, if you travel more than once or twice per year.
2. Travel in Twos? Make sure to take advantage of Companion Discounts. Your travelling companion does not have to be a family member – as long as your travel arrangements and trip dates are the same.
3. Travelling with Family? Get Family Rates which are much less expensive than individual rates for families of 3 or more.
4. Like to Bundle? An All-Inclusive Plan will cover medical emergencies and unexpected events like trip cancellation, trip interruption, and/or lost/stolen baggage.
5. Travelling with Friends? Group Rates are typically better than rates for individuals. Your group doesn’t even have to be that large. Groups as small as 5 can save big!
6. Are you a Risk Taker? Adding a Deductible means saving on the total cost of your travel insurance. The higher the deductible, the lower the premium.
7. Always plan in Advance? Buy your travel insurance early to take advantage of possible Early Bird Rates for Snowbirds.
8. Not your Birthday yet? Buy before your special day and you could save a good chunk of cash! Travel insurance rates are most often based on your age at the time of purchase, not at the time of travel.
9. Travelling Longer? Save money by purchasing a Travel Insurance Top-Up rather than buying a whole new plan for the remainder of your trip.
10. No plans to visit the USA? Purchase a Non-USA plan to take advantage of the savings!
Article published by Ingle International
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