Monday, January 9, 2017

What Is the Typical Burial Insurance Plan Cost Today?



The cost of a burial can be rather high. You might have to spend $10,000 on such a burial. This can be a very difficult expense for your loved ones to worry about.

Fortunately, burial life insurance for elderly is available to cover the charges associated with such an occasion. You will have to look at the burial insurance plan cost that you would have to spend when taking a look at such a policy. 


Like with any other policy, there are many key concerns that can directly influence what you would spend on the policy.


Tens of Dollars Are Needed


Considering how a burial insurance plan can provide you with a $10,000 benefit or more, you would have to spend tens of dollars each month on a policy. You could end up spending $50 or more each month on a policy. 





This total will only go up when you get older in age, what with the potential for a claim to be made increasing as you get older in age. Still, it is a sensible investment when you consider how expensive a burial can be these days.


How Is Your Health?


Your health is important to consider. A person who is in good health standing will not have to spend as much as someone who gets a policy with no health questions involved.

A 75-year-old male who is in good health could get a policy for $100 per month. Meanwhile, he could get that same policy for $130 per month if no health questions are involved.



In other words, you might want to get a proper health inspection to see how well you can handle a policy. You could save a great deal of money over time on a good burial plan if you just take the time to see that you are actually in good health.

Other exciting options losing the return plan recommendations as opposed to the choice of reducing both the online payouts and the premium. These choices used for recommendations that are particularly designed at protecting property resource and have a consistently getting debt.


Costs Change By Gender


Women tend to spend less on their burial life insurance for elderly plan costs than men. A man who is 70 years of age could get a $10,000 policy at $70 per month. 

A woman of the same age could get the same policy for $60 per month. This is primarily due to how women tend to have longer lifespans than men do.


Can You Get Annual Payments?


You may be able to spend less on your insurance if you pay for it with an annual charge instead of a monthly rate. You could save about 10 to 20 percent on the monthly cost of an insurance policy if you get an annual premium instead of a monthly one. 





This will certainly add to the total charge that you have to spend but it could be worthwhile depending on what you get. The savings can especially be dramatic and sensible when you get a great policy.

Be prepared to know what you would have to spend for burial insurance. It will cost a good deal of money to get a policy but you could still spend less if you are in good health. Do look carefully at the coverage you take in and see how it will compare to your age among other critical points.

Just think about it! You get to have your funeral program the way you preferred it to be. All the arrangements would be just the way you structured. 

Your close relative needs not get experienced what to do and what not to do right at that time of the funeral. They would cope with their unhappiness. You would have taken care of everything.


Friday, January 6, 2017

Canadian Investors Conference 2017 - Learn How to Invest and Build Wealth



Coming up Feb. 4 - 9  is the Canadian Investors Conference. The best part of the conference is that you do not have to leave your home because it is going to take place online.

No matter where you are in your investing life, this conference is for you. If you are a beginneer you will learn how to get started. 

If you have been struggling what to invest in, you will learn from the experts where to put your money. This conference has something for all investors no matter where you are.


All you need to do is claim your free ticket. You will be able to watch the live master classes, live panels, and pre-recorded sessions. Get your tickets today.

Canadian Investors Conference: Event Info 


We’ve brought together 20+ of Canada's Top Financial Experts to give you a behind-the-scenes look at the core investment principles in Canada. 

This conference is designed to give you a clear step-by-step process for researching, building, and automating your investment portfolio (even if you’re just starting out). 

This conference will provide you with actionable strategies that you can implement immediately. 

Here's What You'll Learn: 


• How to create an investment plan that builds your net worth and allows you to retire comfortably 
• How robo advisors can help automate your investment plan 
• How to use insurance policies as a profitable investment vehicle 
• How to save up for and negotiate your mortgage to get the best deal 
• How to invest in hedge funds without $1M+ 
• How to invest like some of Canada's Top Investors 
• How to select and buy ETFs, stocks, or bonds that are right for you 
• How to construct a portfolio that matches your age and risk tolerance 
• How to screen financial advisors and find one who will help meet your goals 
• How to put together a high dividend investment plan that gives you income for life 
• How to find, evaluate, and buy real estate 
• What to invest in your TFSA, RRSP, RESP, and non-registered accounts 
• ... And much more! 

Full List of Speakers 


  • Andrew Kirkland - CEO of JustWealth.com 
  • John Robertson - Author of The Value of Simple 
  • Lorne Zeiler - VP at TriDelta Financial 
  • Ryan Modesto - Managing Partner at 5iResearch 
  • James Dahle - Founder of WhiteCoatInvestor.com 
  • Kornel Szrejber - Host of Build Wealth Canada 
  • Kyle Prevost - Founder of YoungandThrifty.ca 
  • Tea Nicola - CEO of WealthBar 
  • Samuel Waxman - Partner at Millennial Financial Group 
  • Robert Brown - Author of Wealthing Like Rabbits 
  • Mark Seed - Founder of MyOwnAdvisor.ca 
  • Kristy Shen - Personal Finance Expert 
  • Niles Lawrence - CEO of Vuru.co 
  • Sean Cooper - Personal Finance & Mortgage Expert 
  • Robin Speziale - Author of Market Masters 
  • Derek Foster - The Idiot Millionaire 
  • Robert Farrington - Founder of The College Investor 
  • Claude Boiron - Broker, Author, Instructor 
  • Will Ashworth - Investment writer 
  • Trish Nixon - Director of Investments 
  • Susan Daley - Associate Portfolio Manager 

* To read the speakers' bios, click here

Claim your free ticket to this event today! 

Canadian Investors Conference (CIC) aims to make financial information more accessiable to Canadians so that they can make smarter investment decisions and achieve their financial goals. CIC organizes one online conference yearly that is free for anyone to attend. For more information, visit our website at www.canadianinvestorsconference.com



Thursday, January 5, 2017

4 Smart Money Moves to Prepare Yourself for Buying a Home



Buying a home is a costly process, but by taking proactive steps to save money you can make it happen sooner rather than later. 

It takes time to save up money, but putting more money down when you buy your home saves you thousands of dollars in interest. 

An added bonus is that if you put at least 20% of the purchase price down you don’t have to pay private mortgage insurance or PMI, which tends to cost hundreds of dollars every month. 

Set a Grocery Budget


Many people don’t realize just how much money they spend grocery shopping. Plan meals ahead of time and only buy what you need. 



A list helps keep your spending in check, and it also discourages you from making impulse purchases such as sweet or salty foods you didn’t intend to get initially. Knowing what you’re spending ahead of time aids in keeping your monthly finances in control. 

Set Aside the Difference


Set aside money in a savings account each month that is the difference between what you’re currently paying for rent and how much you expect to pay for your mortgage. 

Don’t forget to include taxes, home insurance, and PMI if you expect to put less than 20% of the purchase price down. If you currently pay $600/month for rent, but you anticipate the mortgage on a home to be $950, you’ll need to account for that extra $350/month. 

This helps you see if you can truly afford to buy a home in the price range you’re looking at. A realty company such as Century 21 Town & Country can help you analyze your costs to determine what is affordable. 

Cut Down on Entertainment


Satellite or cable television might be convenient, but it’s pricey. Cut the cord on your subscription and consider using a cheaper streaming service to watch both television shows and movies, with significantly fewer commercials. 

Consider eliminating your landline if you still have one or take your cell phone plan down to the basics to cut costs. 

Financial Consulting


Another thing that you should be considering is meeting with a financial consultant. They can look at your personal finances and show you where you can be saving additional money and where you can cut spending. 

Sometimes it is good to have an extra pair of eyes looking at your finances that way you can give yourself the best chance to qualify for your mortgage. 

Look into Assistance Programs


All mortgages are not the same. There are many different types of mortgages that vary with interest rates, qualifications, down payment required and other terms and conditions. 

Some homebuyer programs also offer matching contributions to help build up your down payment. It’s free money and helps you get into your home quicker. In order to get the right mortgage for you, you will want to meet with a mortgage consultant. 



They will be able to help place you with the best mortgage possible depending on what your financial situation is. 

They will also walk you through the process of getting your loan pre-approved. Once you are pre-approved you are ready to start searching for your new home.

With self-discipline and some cutbacks in daily spending, you’ll be able to save enough money for the home you’ve got your eye on. 

And if you don’t have your eye on one just yet, but are looking into the possibility in to buying a new home, these few tips will help you be prepared. Being smart with money is a smart step in the right direction.

Wednesday, January 4, 2017

Protect Your Property from Snowstorms



Many people invest in property in order to grow their finances in a stable and predictable way. However, property maintenance is something you need to know a thing or two about in order to make it a worthwhile investment. 

Insurance companies deal with millions of dollars worth of claims every year due to snow- and winter-related complications.

Protect your investment by ensuring that you’ve taken care of all the necessary precautions this winter. Here’s a list to get you started:

Make sure all of your pipes and plumbing are ready. Burst pipes from frozen water is one of the most common causes of residential flooding, and it’s just not something you want to have to deal with. 



So, you’ll need to turn off sprinklers, shut off the water main to outside water and drain the lines, cover outside water spigots with insulators, and take precautions to prevent indoor frozen pipes, like insulating the pipes and keeping the house at a certain temp, even if you leave town. 

Remember that you’ll also need to take winter measures if you have a pool or hot tub outside. Even something as simple as a fountain or birdbath can cause damage when the water freezes.

Seal up holes and cracks in your house. These might be large spaces left from wiring in phone lines or ventilation shafts, or just cracks in the molding. Make sure that everything is sealed up and that ventilation areas are covered with solid mesh. 

During the winter, critters retreat from the freezing temperatures by setting up shop in your home, and you really don’t want to deal with a mouse infestation in the winter. Additionally, extra holes and cracks will let your heat out and let you understand the meaning of a “draught.”

There are other things that you should do to winterize your house, too. Make sure you have weather sealing around your doors, with a door sweep at the bottom to keep the cold air out. 

Even double-paned windows can let in a lot of cold, so take additional measures to insulate, like insulating window clings, or insulating curtains. There are also cute decorative draft stoppers that you can get to keep your doors snug.

Get your car ready! This step is essential, since car safety is the biggest risk in the winter. Get winter tires, and stock your car with emergency essentials. For more details, check out this link.

Keep a snow shovel and rock salt close to your door, entryway steps, and walkway. Simply getting to or from your car or mailbox after a snowstorm can be terrible if you don’t have the right tools to keep things clear.

Keep some food storage. An impending winter storm can wipe the grocery store’s shelves clean in no time. People are concerned about getting snowed in, or treacherous conditions making it hard to travel. 

That’s why it’s always smart to keep a backup of essentials on hand, in case you and your family get snowed in. Simply make it a way of life! Also make sure that your house is well-equipped with extra blankets, flashlights, and batteries in case storms blow out the electricity. 



Speaking of winter storms, stay in the know by signing up for weather alerts, or downloading an app that will let you know about storm systems coming your way, and local road conditions.

Keep your body safe and well in winter. Learn to recognize signs of hypothermia and frostbite, especially with kids who might be too distracted by winter fun to notice. Stay well-hydrated. 

Many of us get dehydrated in the winter due to indoor heaters, and outdoor dry conditions. But sufficient hydration will help your body regulate internal temperature and stay healthy.

Keep your yard safe by keeping an eye on old trees’ branches.
Snow can pile up on them and they can crack and fall under the weight. Trim any danger-branches before winter snows hit, and shake snow off of smaller trees whenever possible in order to keep them intact.

Fire hazard and carbon monoxide danger
are higher in the wintertime, since we’re using alternate heating sources and not venting our houses as well. Make sure that your alarms are installed and functional so that you can sleep safe at night.

Join 1000's of People Following 50 Plus Finance
Real Time Web Analytics