Hi and welcome to weekend reading, where we share some of the best posts we read over the past week. We hope you enjoy them as much as we did. If you haven’t already, please consider following us on Twitter, Facebook, and Google+, where we share the latest in personal finance, debt, retirement, insurance, tax and investments.
Here at AAFS Insurance, we looked at the different occupation classes and how they affect the premium of disability insurance. The type of duties a person performs and the nature of the industry they are in have a tremendous impact on the risk of disability. Therefore, occupation class plays a huge role in determining the price of disability insurance.
Here is a primer on no medical life insurance, where a policy is issued without undergoing any medical exams and only the most basic of medical information is required. While it seems like a good deal, these policies are usually accompanied by high premiums, so it’s important to do your research before you purchase one.
Barry at Money We Have writes that Canadian parents don’t like free money. That’s because a new survey shows that less than half of parents have opened an RESP account and taken advantage of the government grants available. An RESP is the best way to save for a child’s education, as investment returns compound tax sheltered and are taxed only at withdrawal in the child’s hands.
Brighter Life discusses how to protect your credit when you marry into debt. It’s a conversation that is seldomly brought up before the vows are exchanged, but an important one to have your financial goals aligned down the road.
A post suggesting that everyone wins with the new TFSA contribution limits by Mark at My Own Advisor is generating a lot of discussion with people on both sides of the fence voicing their opinions. While most investors are happy to gain the additional room, you can’t help but think the lost tax revenue will affect social support programs down the road.
In case you have trouble gathering new cash to max out the new TFSA limit, here’s a suggestion from the Financial Post on another method of contributing.
Sarah at Retire Happy explains the rule of 72 and how it can be used to quickly project investment returns. The rule is another way of displaying how effective compound interest is when it is working for you, as opposed to against you like with debt.
We hope you enjoy the reads this weekend and be sure to check back next week for a new post. Subscribe to our weekly newsletter on the right side of the page so you don’t miss a single post.