Yogesh Bansal

Mortgage Insurance

Canadians owe $2.06 trillion in household debt, according to the Bank of Canada, 2/3 of which is residential mortgage debt. To protect these mortgages, homeowners have options: mortgage insurance provided by a financial institution, or mortgage protection using life insurance and critical illness insurance provided by an insurance company. Mortgage insurance works by paying off […]

Spousal RRSPs – Benefits and Side-Effects

There are benefits, but also potential pitfalls, to beware of when considering contributions to your spouse or partner’s registered retirement savings plan.  Couples can open and contribute to a personal Registered Retirement Savings Plan (RRSP) or a spousal RRSP—or both. A spousal RRSP generally makes the most financial sense for couples whose incomes are quite […]

Life Insurance – protect the financial security

Life insurance can protect the financial security of the people you love by giving them a tax-free payment after you die. The amount and type of coverage you choose will depend on your circumstances and needs. While you may have basic life insurance through work, it may not be enough to meet your needs, and […]

Permanent Life Insurance

Permanent Life Insurance As the name suggests, permanent insurance covers your needs for permanent insurance.  Permanent life insurance is often called whole life insurance because it covers you for your whole life – and some types can build cash value over time. Permanent insurance costs are usually guaranteed not to increase from the time you […]