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Benefits Plan for Small Business

Benefits Plan for Small Business | Mortgages & Insurance | Scoop.it
Benefits Plan for small business are available for as few as two individuals with medical, dental and life insurance. The expense is often less..
Marianne Lalonde's insight:

Many small business owners are missing a competitive edge because they do not have a Group Benefits Plan.

 

This is mostly due to a misconception about the cost and administrative burden associated with these products.

 

Group Benefits and Retirement Savings Plans are critical elements that can help you to attract and retain top notch employees.

 

If you feel like many small business owners that you lack the size or the budget to have a benefits program that covers you and your employees, read on...http://goo.gl/gBTQBp

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Bank of Canada holds key interest rate at 1%

Bank of Canada holds key interest rate at 1% | Mortgages & Insurance | Scoop.it
The Bank of Canada keeps its key interest rate at one per cent, the same level it has been at for four years.
Marianne Lalonde's insight:

The Bank of Canada has once again decided to hold the overnight rate at 1%.


This really should come as no surprise. The overall inflation rate is holding steady and does not signal a change in the rateto cool non-existent inflation.


We can expect the overnight rate to stay in a holding pattern until the economy starts heating up.. we don't see any signs of that yet.

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Planning For Survival - OPTION1 FINANCIAL

Planning For Survival - OPTION1 FINANCIAL | Mortgages & Insurance | Scoop.it
Planning For Survival. The odds of getting some type of cancer alone are over 40 percent in Canada. It only makes sense to have a critical illness policy.
Marianne Lalonde's insight:

Planning For Survival 

The odds of getting some type of cancer alone are over 40 percent in Canada today. 

When you add in heart attack and stroke, not to mention the rest of the list, it doesn’t make a lot of sense to leave a critical illness policy out of your financial plan.

How would your retirement plans be affected by such an event?  

#criticalillness   #criticalillnessinsurance  #financialplanning   #option1  

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Intact Insurance Reports Net Income Up 109 percent in Q2

Intact Insurance Reports Net Income Up 109 percent in Q2 | Mortgages & Insurance | Scoop.it
Intact Financial Corp. released Wednesday its financial results for the three months ending June 30, reporting a three-point improvement in its combined ratio in personal lines and 109% improvement in net income, while its commercial property...
Marianne Lalonde's insight:

Intact Insurance Reports Net Income Up 109 percent in Q2. 


Yet, the insurer recorded direct premiums written of $2.173 billion, down from $2.182 billion in Q2 2013!  


The firm provides insurance through Intact Insurance, belairdirect, Grey Power, BrokerLink and Jevco. 


CEO Charles Brindamour stated in a press release. "Our personal insurance business is performing well, reflecting the successful implementation of our improvement initiatives and the solid contribution of our auto insurance activities." 



Option1 Financial is your number 1 choice for Mortgages | Life Insurance | Group Benefits in Ontario http://option1mortgages.com  



#insurance  #ontario  #option1

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How the business of golf got stuck in the rough

How the business of golf got stuck in the rough | Mortgages & Insurance | Scoop.it
Overbuilt and struggling with some alarming demographic shifts, the future of one of Canadian's favourite games faces serious challenges
Marianne Lalonde's insight:

How the business of golf got stuck in the rough. 


The golf industry is overbuilt and oversupplied, and is facing some difficult demographic trends. The problems are particularly acute in the United States, but Canada is not without its trouble spots. 


Millennials don't have a lot of interest in Golf because it's expensive and it takes up a lot of time. 


An industry group is lobbying the federal government to allow businesses to write off taking clients out for a round.



Option1 is your number 1 choice for Mortgages | Life Insurance | Group Benefits in Ontario http://option1mortgages.com  


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CIBC Poll: Fewer Canadians taking action to pay down their mortgages faster

CIBC Poll: Fewer Canadians taking action to pay down their mortgages faster | Mortgages & Insurance | Scoop.it
Marianne Lalonde's insight:

CIBC Poll: Fewer Canadians taking action to pay down their mortgages faster. 


Barry Gollom, a V.P. at CIBC said "Generally, paying off debt as quickly as possible is a smart decision, but you do need to ensure you're not focusing on your mortgage at the expense of your other financial plans, or by increasing debt elsewhere." 


Hopefully, Canadians are following our advice and taking advantage of the low mortgage rates to pay off higher interest debt such as credit cards. 


 

For Mortgages | Life Insurance | Group Benefits in Toronto or the GTA, visit Option1 Mortgages & Financial http://option1mortgages.com/mortgage-toronto 



#finance  #ontario  #realestate

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Ontario Liberals revive bill to cut auto insurance rates

Ontario Liberals revive bill to cut auto insurance rates | Mortgages & Insurance | Scoop.it
TORONTO - Ontario's governing Liberals are reviving legislation aimed at reducing auto insurance rates and inflated towing costs.
Marianne Lalonde's insight:

Ontario Liberals revive bill to cut auto insurance rates. 


The Liberals introduced two bills in the spring to help reduce auto insurance premiums by an average of 15 per cent across the province. 


While we applaud the effort to keep auto insurance rates down, it's a wasted effort if they don't prevent the insurance companies from shifting the loss from auto rates on to the home insurance rates. 



For Mortgages | Life Insurance | Group Benefits in Ontario, Canada see Option1  http://option1mortgages.com 


#insurance  #ontario  #option1 

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High-net worth types maintaining mortgages in retirement

High-net worth types maintaining mortgages in retirement | Mortgages & Insurance | Scoop.it
Long-held wisdom about paying off mortgage first no longer widely held: Investors Group. - Wealth Professional Magazine
Marianne Lalonde's insight:

High-net worth types maintaining mortgages in retirement. 


A survey from Investors Group finds high net-worth maintaining mortgage debt into retirement as a way of keeping money in the market. 


In today's low interest environment it makes more sense to keep paying a mortgage, rather than take money out of the market to pay off the mortgage. 


Option1 provides mortgageslife insurance and group benefits in Ontario, Canada.  


#mortgages    #finance

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Low cost measures could have prevented damage from Angus tornado

Low cost measures could have prevented damage from Angus tornado | Mortgages & Insurance | Scoop.it
Much of the damage from the recent tornado that struck Angus, Ont. could have been prevented with inexpensive building changes, according to a storm damage assessment completed hours after the storm passed.
Marianne Lalonde's insight:

Low cost measures could have prevented damage from Angus tornado. 


Hurricane straps, at about a dollar apiece can largely eliminate the risk of roof failures from an EF2 tornado said Greg Kopp


Also, using 2.5 inch nails in roof sheathing, rather than the minimum code 2 inch nails, and placing them every 6 inches rather than every 12 inches.


“The longer nails and tighter nailing pattern more than doubles the strength of the roof sheathing against uplift forces". 



Option1 Mortgages | Life Insurance | Group Benefits Ontario, Canada  

 



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Manulife Group Benefits

Manulife Group Benefits | Mortgages & Insurance | Scoop.it
Manulife Group Benefits. With Manulife you can choose a basic plan or build a plan customized just for you. Call 800-722-7172 today to discuss your options.
Marianne Lalonde's insight:

Manulife Group Benefits.


For your business to grow and succeed, you need to attract and retain knowledgeable, enthusiastic, and dependable staff.  A great way to do this is to offer a comprehensive benefit package that you can maintain without breaking the bank. 


Manulife Group Benefit Plan rates are individually calculated for each business depending on which benefits are selected. The cost also varies based on the nature of your business, its location and your group makeup. Some of the factors that affect cost include the number of employees, age, occupation and single/family coverage etc. 

 

Manulife Group Benefits Coverage 

 

You can select from these benefits and create a plan suited to your needs and company's budget: 

 

  • Key person insurance 
  • Life insurance 
  • Extended health benefits 
  • Prescription drugs 
  • Travel insurance 
  • Dental care 
  • Disability insurance 

 

WHY BUY GROUP BENEFITS 

 

  • Get a tax-deductible business expense; 
  • Provide financial protection for your employees and their families; 
  • Provide a tax-effective form of compensation to your employees; 
  • Address the special needs of some employees by providing coverage without any medical questionnaires to complete; 
  • Attract the best employees – employee benefits can give small business owners a competitive edge; 
  • Reduce employee turnover – employee benefits can help business owners retain good people; 
  • Protect the business by ensuring that the business is in a position to continue should the unexpected happen to the owner or a key employee. 
  • You can set up a Group RRSP plan for all employees or just for Key Employees to save for retirement 

 

Option1 Mortgages & Financial Products can help you with mortgagesand financial products such as life insurancecritical illness insurance and Group Benefit Plans.

 

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What's The Most Overlooked Type of Insurance?

What's The Most Overlooked Type of Insurance? | Mortgages & Insurance | Scoop.it
Toronto, ON, January 13, 2014 /24-7PressRelease/ -- Recent advances in medicine mean more and more people survive critical illness. As a result, many people find themselves financially unprepared for this eventuality.
Marianne Lalonde's insight:

Critical Illness Insurance. 

 

One of the most satisfying things for someone who sells financial products is to deliver a benefits check to a client

This usually takes place when the client has been through a difficult time. But good news is always good news, and receiving a cheque for $100,000 or $500,000 when you've come down with a critical illness makes life a lot easier to deal with. 


The last thing you need is to be worrying about money when you are ill


Option1 Mortgages & Financial can help you with life insurance or financial products such as critical illness insurance


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Do you have the life insurance you need?

Do you have the life insurance you need? | Mortgages & Insurance | Scoop.it
The gap is growing between Americans' life insurance coverage and the amount they say they need. Here's how to tell if you have enough.
Marianne Lalonde's insight:

Do you have the life insurance you need? 


Most Americans want enough insurance to replace 14 years of lost income from a breadwinner. But on average, most only have enough for three of those years. 


Not only do many Americans have less insurance than they need, far too many have no life insurance at all. 


Option1 Mortgages & Financial Products can help you with mortgage insurance and life insurance here http://goo.gl/a6HwrP and other financial products such as critical illness insurance http://goo.gl/mBM2ok

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Polozs’ Current Risk Report.

Polozs’ Current Risk Report. | Mortgages & Insurance | Scoop.it
Bank of Canada Governor Stephen Poloz said the country’s financial system is threatened by risks from indebted consumers and a domestic housing boom as well as European and Chinese banks, emphasizing his concern through a revamped report and inaugural press conference devoted to these stresses.
Marianne Lalonde's insight:

Polozs’ Current Risk Report. 


The report’s five risk categories are low, moderate, elevated, high and very high.


Bank of Canada Governor Stephen Poloz said the threat that a couple of risks to the Canadian economy have been upgraded from ‘moderate’ to ‘elevated.


  • First, China’s growing shadow banking system could disrupt financial markets.


  • Elevated risks of a sharp correction in Canadian home prices 


  • Financial stress coming from the euro area


A couple of quotes:


  • ‘Household imbalances remain the most important vulnerability and could amplify the impact of external shocks,’


  • our level of comfort as policy makers remains roughly what it was six months ago.’


Housing Strength


Canada’s housing market has continued to show strength after the government tightened mortgage-lending rules on concern about overbuilding of condominiums in Toronto and Vancouver.


The main scenario for a housing crash would be a shock that drives up unemployment and makes it harder to families to repay debts, the central bank said, adding that there is a low chance of that happening.


Option1 mortgages provides mortgages in Ontario starting at 2.35%. You can get the best mortgage rates in Ontario and get a free, no obligation mortgage approval here.




#canada    #realestate    #poloz    #option1

 

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Why People Buy Life Insurance

Why People Buy Life Insurance | Mortgages & Insurance | Scoop.it

September is life insurance awareness month so it’s a good time to take a look at why people buy life insurance.


It’s an unfortunate fact that millions of Canadians and Americans don’t have life insurance coverage. The most common reason given for not purchasing life insurance is that it’s too expensive.


Here are a few other common excuses for not buying life insurance..


Marianne Lalonde's insight:

Why People Buy Life Insurance 

September is life insurance awareness month so it's a good time to take a look at why people buy life insurance.

It’s an unfortunate fact that millions of Canadians and Americans don’t have life insurance coverage.

Why do people buy life insurance? Because they care deeply about someone or there’s a charitable cause that’s important to them. Life insurance allows you to provide the financial resources you want your loved ones to have long after you’re gone.

This article discusses why people buy life insurance and gives you a few ideas about how to put the proceeds to good use. 

#lifeinsuranceawarenessmonth   #lifeinsurance   #option1  

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Should You Use A Mortgage Broker or DIY - OPTION1 FINANCIAL

Should You Use A Mortgage Broker or DIY - OPTION1 FINANCIAL | Mortgages & Insurance | Scoop.it
When you go shopping for a mortgage, one of the first questions you need to ask yourself is whether you should use a mortgage broker or DIY.
Marianne Lalonde's insight:

Should You Use A Mortgage Broker or DIY? 

When you go shopping for a mortgage, one of the first questions you need to ask yourself is whether you should use a mortgage broker or DIY.

A mortgage agent or broker is a licensed professional that works with borrowers and provides a one stop shopping service to consumers.

They work directly with both the consumer and the bank to help each party find what they are looking for. 

The agent helps borrowers qualify for a loan and provides advice to help choose the most suitable financing package for each individual borrower.
 
This article discusses the mortgage shopping process and provides some good information to help you make an informed decision about whether you should use a mortgage broker or diy.. http://goo.gl/68CtvL 

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Smoking is bad for your health and Your Life Insurance Rates

Smoking is bad for your health and Your Life Insurance Rates | Mortgages & Insurance | Scoop.it
Life Insurance Rates For Smokers. We all know that smoking is bad for our health. This article explores smoking-related questions about life insurance.
Marianne Lalonde's insight:

Smoking is bad for your health and Your Life Insurance Rates. 


We all know that smoking is bad for our health and that it also reduces our life expectancy.


It can also cause all sorts of health problems, from hardening of the arteries to cancer.


This article answers some of the more common questions about smoking and life insurance, and it takes a look at how smoking affects your insurance premiums.



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How Toronto's waterfront redevelopment is going right

How Toronto's waterfront redevelopment is going right | Mortgages & Insurance | Scoop.it
Waterfront Toronto has become a political lightning rod, facing claims of overspending. But the real story is sunny: In the muck of the waterfront, the agency is delivering great parks, careful development and a vision for Toronto’s future
Marianne Lalonde's insight:

How Toronto's waterfront redevelopment is going right. 


Toronto's Waterfront Redevelopment is developing land south of Front Street. It is made up of former industrial landfill, and the cost to develop this land are very high. 


Waterfront Toronto is responsible for revitalizing about 2,000 acres of this waterfront land, an area roughly equal to the entire downtown core. 


So far, the agency has spent nearly $1.5-billion on infrastructure, cleaning polluted soil, and creating new parks. 



Option1 is your number 1 choice for Mortgages | Life Insurance | Group Benefits in Ontario http://option1mortgages.com  


#toronto  #waterfront  #ontario 

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Banks and Some Mortgage Brokers Advising Clients To Pay Down Mortgages

Banks and Some Mortgage Brokers Advising Clients To Pay Down Mortgages | Mortgages & Insurance | Scoop.it
Strangley enough, brokers are echoing the sentiments of a big bank and warning clients not to follow a recent trend.
Marianne Lalonde's insight:

Banks and Some Mortgage Brokers Advising Clients To Pay Down Mortgages. 


“The advice we give to clients is that when rates are low is the time to bang down their mortgage,” Feisal Panjwani told MortgageBrokerNews 

 

This is bad advice.  Most people carry high interest debt, like credit cards, and they are better off to pay down these debts.

 

The few that don't have these debts are better off to invest at a higher return.

 

People always have the option to lock if rates do start to go up. 



Option1 is your number 1 choice for Mortgages | Life Insurance | Group Benefits in Ontario http://option1mortgages.com  





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Which is better, a RRIF or an annuity? You may be surprised

Which is better, a RRIF or an annuity? You may be surprised | Mortgages & Insurance | Scoop.it
Choosing the right option can mean a six-figure difference to the amount of income you collect over the course of your retirement
Marianne Lalonde's insight:

Which is better, a RRIF or an annuity? You may be surprised. 


choosing the right option can mean a six-figure difference to the income you collect over the course of your retirement. 


This article details how an annuity can deliver about 25 percent better return than a RRIF over a 15 year period. 


Individual needs and conditions vary, but this is certainly worth a read for seniors who have to wind up their RRSP at age 71. 



Option1 Mortgages & Financial provides mortgageslife insurance and group benefits in Ontario, Canada http://option1mortgages.com   



#retirement  #rrif  #annuities  #option1

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Bank of Canada holds interest rate at 1%

Bank of Canada holds interest rate at 1% | Mortgages & Insurance | Scoop.it
Canada's central bank decided to keep its benchmark interest rate at one per cent, unchanged now for almost four years.
Marianne Lalonde's insight:

Bank of Canada holds the overnight rate at 1%. 


The overnight rate is the interest rate that major financial institutions borrow and lend one-day (or "overnight") funds among themselves. 


In the monetary policy report, the bank says we're in a brave new world where interest rates will be much lower than we're used to, for much longer. 



Option1 provides mortgageslife insurance and group benefits in Ontario, Canada. http://option1mortgages.com 


#finance  #ontario  #option1

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First Time Home Buyers

First Time Home Buyers | Mortgages & Insurance | Scoop.it
First time home buyer - Free, No Obligation Mortgage Approvals. Low rates and special terms are available to help you buy your first home. Call 800-722-7172
Marianne Lalonde's insight:

First Time Home Buyers. 

 

Buying your first home is quite the adventure, but it can be difficult making a decision between what you would like to buy and what you can comfortably afford. 

 

The easiest way to deal with this is to speak with a mortgage agent and go through the pre-approval process. That way, you will know exactly how much house you can afford. 


Follow the link and find some helpful tips to get you started on the right track. 


Option1 Mortgages | Life Insurance | Group Benefits


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What Happens To Your Debts If You Suddenly Die?

What Happens To Your Debts If You Suddenly Die? | Mortgages & Insurance | Scoop.it
For mortgages, term insurance, not mortgage insurance, is your best choice in safeguarding your assets
Marianne Lalonde's insight:

What Happens To Your Debts If You Suddenly Die?


Let’s begin with mortgages. Your mortgage debt is attached to your house. Either through selling the house or refinancing, the mortgage gets paid


This is why banks push to sell you mortgage insurance. However, term life insurance is the better choice for many reasons. 


Balances on loans and credit cards are the responsibility of the individual and are paid out of the assets you leave behind.

Option1 provides life insurance, and mortgages in Ontario, Canada. Call 800-722-7172


#lifeinsurance    #option1

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Why Use A Life Insurance Broker?

Why Use A Life Insurance Broker? | Mortgages & Insurance | Scoop.it

Why Use A Life Insurance Broker? A Manulife and Transamerica broker can assist you in getting the right coverage for the best price. Call 800-722-7172 today

Marianne Lalonde's insight:

Why Use A Life Insurance Broker? 

 

Unless insurance is a field that you’re familiar with, it’s always advisable to look for a life insurance broker to help you out. 


People often make the mistake of shopping on life insurance comparison sites to find the cheapest insurance. This usually isn’t the best way to go. 


This article gives you six good reasons why you should use a broker when shopping for a life insurance policy or a critical illness insurance policy in Ontario. 


Option1 can help you with life insurance or financial products such as critical illness insurance

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Advice About Life Insurance

Advice About Life Insurance | Mortgages & Insurance | Scoop.it
The topic of life insurance doesn't have much going for it. First, it's about insurance, which many people find boring and complicated. Second, it can involve paying money for something you may never use.
Marianne Lalonde's insight:

Advice About Life Insurance. 


Determine whether you need it.
Ask yourself, ‘Would anybody be hurt financially if I died and wasn't bringing home money anymore?’ If yes, you need life insurance. 


How much? If you make $80,000 a year and you’re looking at $500,000 of life insurance, that's about six years' worth of replaced gross income. 


Are you planning to be dead more than six years? 


In Ontario, Option1 Mortgages & Financial can help you with mortgage insurance and life insurance or financial products such as critical illness insurance


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September is Life Insurance Awareness Month. Is Your Family Protected?

September is Life Insurance Awareness Month. Is Your Family Protected? | Mortgages & Insurance | Scoop.it
September is Life Insurance Awareness Month. Do You Understand How Your Family Is Protected?   Guest Authored by Megan McAvoy - The Bulfinch Group M
Marianne Lalonde's insight:

September is Life Insurance Awareness Month. Is Your Family Protected? 

 

Most people say that their priorities in life are providing for family, maintaining their current lifestyle, and planning for the future. 


Do you know family or friends who have been diagnosed with a life-altering illness? 


Life Insurance creates financial security for families. It will never replace the love of a mom or dad, but it can replace lost income and thus provide for family, maintain current lifestyle, and allow beneficiaries to plan for the future. 


Option1 Financial can help you with mortgage insurance and life insurance or financial products such as critical illness insurance

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