Insurance policy getting you down? There are always sound insurance alternatives.
Latest News
Holiday deals can’t beat the savings you’ll get on car insurance Dec 17th
You have the perfect Christmas gift in mind for your co-worker, friend or loved one. Imagine stopping at the closest drug store and walking out with that perfect gift, only to find out later that it’s $50 cheaper at another store.
With Christmas in a little over a week, deals are now everywhere. .... More »
Pet insurance can take the bite out of health costs May 10th
Pet owners are divided on whether the premiums are worth it..... More »
It’s Black Friday 2015 Nov 27th
This week kicks off the “official” holiday spending season, as mega sales events Black Friday and Cyber Monday beckon the wallets of Canadians north and south of the border. It’s an expensive time for most households – a recent study finds the average Canadian will spend $332 today, des.... More »
Protecting Legal Fraud in Florida Jan 22nd
Republicans in the state Senate try to block insurance reform..... More »
Do you need mortgage life insurance? Aug 27th
Q: I am a single, 70-year-old with a reasonable mortgage of $115,000. I have no family and no dependants. I find that the life insurance on my mortgage is too expensive. Do I need mortgage life insurance anyway? What for?—Katerina
A: I’m glad that you noticed the life insurance you’re paying.... More »
Are GICs a substitute for bonds?
– moneysense.ca
Few investments are easier to understand than the humble guaranteed investment certificate: you invest a lump sum for one to five years and collect a fixed rate of interest until maturity. Many investors wonder if a five-year GIC ladder might replace bonds on the fixed-income side of a balanced portfolio. The answer is yes.
In fact, GICs have several advantages over bonds:
1. Simplicity. GICs are easier to purchase than government or corporate bonds. They’re widely available through online banks, credit unions and deposit brokers, as well as discount brokerages. And their pricing is transparent: while GIC issuers do pay a commission to the dealer, the yield you’re quoted is exactly what you’ll earn, making comparisons easy.
2. Higher yields with no additional credit risk. GICs are backed by the Canadian Deposit Insurance Corporation (CDIC), so they have no default risk on amounts up to $100,000. That makes them no riskier than Government of Canada bonds of the same maturity, even though they usually have higher yields…
In fact, GICs have several advantages over bonds:
1. Simplicity. GICs are easier to purchase than government or corporate bonds. They’re widely available through online banks, credit unions and deposit brokers, as well as discount brokerages. And their pricing is transparent: while GIC issuers do pay a commission to the dealer, the yield you’re quoted is exactly what you’ll earn, making comparisons easy.
2. Higher yields with no additional credit risk. GICs are backed by the Canadian Deposit Insurance Corporation (CDIC), so they have no default risk on amounts up to $100,000. That makes them no riskier than Government of Canada bonds of the same maturity, even though they usually have higher yields…
How to save money on life insurance
– thestar.com
There are a few things you can do to save money on life insurance.
