Critical Illness Benefit

Many employee benefit plans have long term disability coverage to protect their employees if they are unable to work due to illness or injury. How well do your employees understand the waiting period and how long they will need to wait before they receive a benefit. Typically the waiting/elimination period is 17 weeks.  While the…

Mortgage Renewals

Borrowers in Ontario usually spend a lot of time and effort to find an initial mortgage, yet spend no time shopping around for renewals. By shopping your mortgage renewal, you can save thousands over the life of your mortgage loan. Lenders know that almost 60% of borrowers will simply sign and return the renewal notice…

Should I Invest in Mutual Funds/Stock Market

A young couple plans to buy a house in five years. They are saving diligently and have accumulated a down payment that currently amounts to $80,000. Here’s what could happen to this money if exposed to the volatility of the stock market. Year One: Their stock market investments rise 10 per cent to $88,000 Year Two:…

Critical Illness Insurance

Critical Illness Insurance was first introduced in South Africa in 1983, and was created not by an insurance company, but by a physician. A generation ago, people were not surviving cancer, heart attacks, strokes and many other serious illnesses. With advances in medicine and medical technology, we are surviving these illnesses, however financial stress ends…