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Young family life insurance

Life Insurance Strategy for Young Families in Canada

Universal Life Insurance and Term Life Insurance in Canada I was talking to a client the other day. He is in his early 30s with a good paying job. As he is starting his family, he expressed his concern in the case of premature death, he will not leave sufficient savings for his family. We…

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Turning $12,000 Disability Savings into $40,000 in three years

RDSP Example: Last November, I did a RDSP workshop for families with special needs. During the presentation, I illustrated an example of how contributions toward the Registered Disability Savings Plan could bring in huge benefits from the government. Many attendees were astonished after we went through the calculations together. Below is an example I recently read from an article on…

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Insure your child- Good or bad idea? (Part 1)

Should you get insurance for your child? There are always great debates on whether you should get life insurance for your child when they are still young. I recently read a column from another advisor, where he is completely against this idea. As a result, this column received many critics such that it is overly…

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