Insurance policy getting you down? There are always sound insurance alternatives.
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Should You Get Critical Illness Insurance? Feb 19th
If you were diagnosed with a critical illness, would you have the financial support you needed? Suffering from a long-term condition like cancer or recovering from a heart attack can be a life-altering event – one with catastrophic financial implications.
The unfortunate reality is critical i.... More »
The best credit card travel perks in Canada Aug 4th
A lot of attention is given to travel credit card rewards, but what about advertised perks? These might seem like small benefits, but the value of these perks can really add up if you’ve got a great card.
We’ll help you navigate the most useful credit card travel perks and help you decide if .... More »
Protecting Legal Fraud in Florida Jan 22nd
Republicans in the state Senate try to block insurance reform..... More »
Disability Insurance 101 Aug 27th
Canadian disability insurance 101 here! We discuss the two main DI types (short-term and long-term), along with disability insurance providers (i.e. DI sources). We also touch upon first, second and third level payers and how they tie into "all sources maximum"..... More »
Sun Life’s profit edges lower in first quarter + MORE May 6th
However, Canadian insurance and wealth sales grew by double digits
.... 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.
