Life is filled with its costs, both large and small. There are those unpredictable costs which come along occasionally, for example having to buy birthday gifts, repair your car, buy new clothes, or fix a water heater. These types of costs take time and effort to trim out of your budget since they just appear to be necessities when they occur: we approximately must pay them.And you can also find the standard costs you are sure that are coming...more
How to Choose Between Critical Illness Insurance and Disability Insurance By: Lorne Marr About the Author Lorne is a member of Advocis - The Financial Advisors Association of Canada. Lorne has also been a keynote speaker at numerous industry functions and has appeared in The National Post, The Toronto Sun, the Investment Executive, The Advisor's Edge and the Insurance Journal. His commitment to providing clients with...more
Canadian life insurance companies are persuading the Canadian government and regulatory bodies to move the accounting principles and reporting requirements in their favour. In summary, the industry would like an amendment of International Financial Reporting Standards which Canadian government is prepared to put in use but plans to effect not before 2013.They argue that the new order will prepare way for tremendous volatility to the c/e ratio in annual (quarterly) comparisons. The problem is, not only would this make the comparisons more problematic, but it would also stop comparisons to results calculated under the former rules.LSM Insurance believes the latter is weedy plea though, as the the industry would most likely be needed to make new calculations for previous few periods' statements using the fresh rules precisely for the purposes of logical benchmark, as is the case with most alternations of the standards. However, a shift of regulations will absolutely come with more administrative power costs in the time of the change at the bottom end.As to the volatility of capital figures, the FP says that the the industry are requiring a two-tier accounting system that lets capital...more
Global health insurance plan is the choice for regular travelers & expatriates. Because you don't know when illness will hit you, you've to get an insurance plan that will protect you even when you're out of the country. Although it might appear that the insurance plans are the same, the issue is in the details. Prior to purchasing your plan, you...more
Over the last few months, we have started to see changes in the requirements for insurance that Mortgage Companies are demanding. In years past, the only proof of insurance that was required in order to close escrow, was a certificate of insurance prepared by the Home Owner Associations Master policy. With this document, the Mortgage Company would...more
With these quotes, you get the best coverage for your needs. You also get the price that you can afford. These firms make their terms and prices affordable for everybody. They make their rates highly competitive. This means that you will get the best...more
Each type of insurance as specified is important. They will be very helpful in case you land up in debilitating circumstances. You will be able to complete your construction project successfully if they are with you. You can also hire the services on...more
The lowest priced type of life insurance has always been term life insurance, at least from the time when it arrived on the marketplace in the 1970s. But even while the cover itself is the lowest priced life cover you are able to buy, there are...more
If you have an animal as one half of all households in the United Kingdom do, you will need pet insurance. There are several reasons why you should have a pet insurance policy as you read this article. The primary purpose is to give you the option to...more
Car insurance can be great and wonderful, but at the same time it can be awful and terrible. Either way it goes, you can't drive without it. So here comes the big question: about how much is car insurance?Well, this type of insurance is based on a...more
One of the main criticisms of the Obama administration's healthcare reform law is that it puts too much responsibility and power in the federal government's hands. Many people believe that regulating insurance companies, for example, is a...more