Articles

Guaranteed life versus Non Medical Life Insurance

Victor Camba — Fri, 04 Dec 2009 21:51:20 +0000

There are a number of guaranteed life plans currently being advertised on television, targeting those who, for medical reasons, have been declined for life insurance or have difficulty getting the amount of coverage they need.

They promise “guaranteed acceptance”, “no questions asked”, or “affordable premiums as low as $20 a month.”

While this all sounds good, there may be far better alternatives for most people who deem themselves uninsurable, hard to insure, or who simply don’t want a medical exam.

Tutorial: How to get a proper online life insurance quote.

Victor Camba — Thu, 19 Nov 2009 20:34:26 +0000

There are two ways to obtain a life insurance quote online through this web site. One is through the simplified term quote on the home page, and another is through a more detailed term and whole life quote by following this link. Both are Canadian based and are valid for Ontario residents only.

Is it worth adding the “Return of Premium” (ROP) option to your critical illness plan?

Victor Camba — Tue, 25 Nov 2008 01:21:15 +0000

It sounds attractive. You buy a critical illness plan in case you are diagnosed with a critical illness, such as heart attack, cancer, or stroke. If you are still healthy after a certain period of time, you get all your money back!

I’ve been asked many times if the ROP option is worth the extra money. I always say: “it depends on your particular circumstances and needs.”

To understand this, let’s examine the premise behind obtaining this feature.

Have we reached the bottom yet?

Victor Camba — Mon, 06 Oct 2008 18:09:41 +0000

The worst one-day decline in modern history for the S&P/TSX composite index occurred in 1987, when the index plunged 11.3%. In mid-morning trading on Monday, the index was close to that record, down 10.8%. As of noon, it was trading down 5.8%, which ironically presents a huge relief for investors.

TSX in record territory: today’s index hits 14,814

Victor Camba — Thu, 15 May 2008 17:21:26 +0000

The TSX is officially trading in record territory, with energy, materials and financials leading the pack.

Gordon Pape wrote on Monday in his article entitled “What bear market?” (GlobeinvestorGOLD May 12, 2008): “So it's time to break out the bubbly. A new record high is always worth a toast but when it happens while most of the world is battling market downturns, it represents a remarkable accomplishment.”

TSX to hit 16,000 in six months!

Victor Camba — Thu, 03 Apr 2008 19:54:06 +0000

As of today, that translates into a gain of about 18%! This seemingly outrageous prediction was the headline that appeared in the financial post, dated March 29, 2008. The full article can be found here.

The man behind the prediction is Ron Meisels, president of independent market research firm Phases & Cycles. While many fear a U.S. recession is at hand, Mr. Meisels is one of the very few that suggests a new bull market has begun and that the index would likely continue to rise until at least September.

So, how outrageous is this claim? Let’s review some of the most recent “bad news” in the media.