Insurance

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Higher Deductibles for Lower Insurance Premiums

I thought I would share a personal story today about automobile insurance. Most people are familiar with the concept of a higher deductible leading to a lower insurance premium. For those that are not, let me explain it really quickly:
The deductible is essentially the amount that you pay out of pocket if you need to [...]

15Mar2010 | Preet | 8 comments | Continued
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Pets and Insurance

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Pets are like to children to many people. We had a few cats growing up, but [...]

2Dec2009 | Preet | 18 comments | Continued
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Secret Children

I thought I would share a quick story today. Years ago I had sat down with a prospective client after having put on a seminar for a small group of investors. The investor and I had gone through the regular first steps of putting together a financial plan: we explored and defined his goals, got [...]

29Sep2009 | Preet | 5 comments | Continued
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Protecting Your Mortgage and Other Assets with Term Life Insurance

This is a guest post written by Denise Mancini from Accuquote.com. I normally get offers for guest writers who have something to promote and they offer to write a free article in exchange for links to their websites. They do this because more links from more websites make them rank higher in Google searches. Normally [...]

13Sep2009 | Preet | 26 comments | Continued
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Bear market = More insurance sales

Most financial advisors work on commission. When investment sales are down, advisors often turn to talking about insurance – the in-house sales and marketing material often talk about various strategies involving life insurance, critical illness insurance, disability insurance and long term care insurance. Insurance policies pay surprisingly large commissions. For example, a simple term insurance [...]

30Mar2009 | Preet | 7 comments | Continued
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A Lap Of The Blogs

If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found interesting and think that others may want to read for themselves. I also include some commentary on what’s going on in my personal life and a weekly “racing video” since [...]

8Jan2009 | Preet | 5 comments | Continued
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Market Rally: Proceeds of Tax Loss Selling?

You have to wonder with December 24th being the last day to sell Canadian stocks in order to be able to claim a capital loss for the 2008 tax year if the current multi-day winning streak is a true turning point, purely anomalous or perhaps the result of the proceeds of a lot of tax [...]

6Jan2009 | Preet | 10 comments | Continued
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Help Us Name A New Product

The weekly Lap of The Blogs is postponed this week as I have a special request. We’ve been burning the candle at both ends as we have an insurance company who we’ve been meeting with in order to bring to market a competitor product to the “income for life products” like Manulife’s Income Plus and [...]

27Nov2008 | Preet | 24 comments | Continued
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I Am No Longer A Financial Advisor

There have been many sleepless nights in the past few weeks as I have wrestled with a career choice. As of Friday, November 7th I am no longer a professional financial advisor. I have given up my license to advise retail investors and trade professionally on all securities.
I didn’t think it would be such an [...]

11Nov2008 | Preet | 23 comments | Continued
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How Extending Bond Maturities Hasn’t Paid

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Yesterday’s post on Re-Thinking High Yield Fixed Income garnered some insightful comments from a reader (Returns Reaper – love the [...]

5Nov2008 | Preet | 0 comments | Continued
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Risk and Return in Pictures

The trade off between Risk and Return is something that will always be talked about when it comes to investing. Unfortunately, while investors seem to indicate that they understand the concept, they normally don’t in reality. This can be due in part to short term focus with long term investments and lots of “noise” from [...]

28Sep2008 | Preet | 11 comments | Continued
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The Greenspan Put and AIG’s $85 Billion Loan From The Government

AIG Receives $85 Billion Loan From US Government
As I write this, there are reports trickling in that AIG (American International Group, ranked as high as the 18th largest company in the world by Forbes in 2008, known mostly for being an insurance company) has received an $85 billion dollar loan from the US Federal Reserve [...]

16Sep2008 | Preet | 4 comments | Continued
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The TFSA May Put A Dent Into Life Insurance Sales

Universal Life
Universal Life Insurance generally has two components: an insurance component and an investment component. When a UL policy is “overfunded”, it means that money over and above what is needed to pay for the insurance premiums gets deposited to the investment component which is a tax-sheltered environment as long as you stay within certain [...]

2Sep2008 | Preet | 4 comments | Continued
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Price Vigilantes

Price vigilantes represent the minority of the consumer population who help make sure we are not getting ripped off by retailers.

16Jun2008 | Preet | 2 comments | Continued
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Fee Only Life Insurance

Fee only life insurance is available in the United States… but not in Canada. Find out why this should be important to you. VERY important.

12Jun2008 | Preet | 9 comments | Continued
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