J.Ford Financial Newsletter

*As published in the May 2012 issue of FinanceWorks.ca

You’ve decided to purchase a life insurance policy to protect your family but you have no idea how much coverage you need. Five hundred thousand dollars, $1 million, or even $2 million? What amount fits your situation?

There’s no easy answer. If you ask a dozen different insurance brokers, you’ll likely get a dozen different answers. Every insurer has its own insurance needs calculator and while they usually take in the same factors (...

*As published in the March 2012 issue of FinanceWorks.ca

While term insurance offers an economical solution in the short-term (see ”Can life insurance be affordable?”), in the long run, premium costs rise exponentially. For those who can afford higher initial premiums, permanent insurance can give them a better long-term value.

Permanent life insurance, like the name implies, covers you on a permanent basis. Unlike term insurance, the cost stays the same for life. Over time the cost of term...

*As published in the Feb 2012 issue of FinanceWorks.ca

You’ve got insurance on your home, car, and possibly an extended warranty on your LCD television but do you have insurance on your greatest asset, yourself? If not, is cost your limiting factor?

Term life insurance, or life insurance that covers you for a specified length of time, is an inexpensive way to provide protection for you and your family. Typically purchased for periods of 10 or 20 years, term policies pay out should you pass aw...