by Numo Financial | Aug 31, 2024 | Blog, Debt, Family, life insurance
Post-secondary education can be expensive, however, having the opportunity to plan for it helps with making sure that you’re capable to meet the costs of education. In addition, when you have a plan, it’s easier to make financial decisions that align with your goals...
by Numo Financial | Jul 31, 2024 | Blog, Family, individuals, life insurance
Before buying insurance from your bank to cover your mortgage, understand the difference between self owned mortgage life insurance and bank owned life insurance. The key differences are ownership, premium, coverage, beneficiaries and portability.Ownership:Self: You...
by Numo Financial | May 31, 2024 | Blog, business owners, Family, individuals, life insurance
As our lives grow and change with variable circumstances, new additions, and job transitions, our needs for insurance will also evolve. Additionally, economic fluctuations and external circumstances that influence your insurance policy will need frequent re-evaluation...
by Numo Financial | Sep 30, 2023 | Blog, business owners, corporate, incorporated professionals, insurance, life insurance, tax
An Immediate Financing Arrangement (commonly known as an IFA) is a financial planning vehicle which combines life insurance coverage with tax advantaged wealth accumulation.Who could benefit from an Immediate Financing Arrangement?An IFA is a financial strategy which...
by Numo Financial | Sep 30, 2023 | Blog, business owners, corporate, health benefits, life insurance, long term care, pension plan, RRSP, Tax Free Savings Account
As a business owner, one of your challenges is learning how to balance between reinvesting into the business and setting money aside for personal savings. Since there are no longer employer-sponsored pension plans and the knowledge that retirement will come...
by Numo Financial | Aug 31, 2023 | Blog, Debt, Family, life insurance
Post-secondary education can be expensive, however, having the opportunity to plan for it helps with making sure that you’re capable to meet the costs of education. In addition, when you have a plan, it’s easier to make financial decisions that align with your goals...
