Financial Home

What are the RRSP and the TFSA?
You can use them to invest/grow your money better and reduce your Tax bracket! 🤔
Want to know more? 🙂 Register by using the link below for an online workshop on Feb 20 and find out!
Don't worry, It comes at no charge! 😉

https://forms.gle/PkvoeR9jgHeHTW5x5

If you have a Study Permit and your spouse/partner has a Work Permit, What options do you, your spouse/partner and your children have when you're looking for an Insurance coverage?

Options:
1- Visit the government website for the province that you are living in, to find out if you and your family are eligible for a health card.
For example: For Ontario, visit: https://www.ontario.ca/page/apply-ohip-and-get-health-card -2

2- If you're not eligible for a health card:
There is a good chance that you have a Student Insurance policy with the education institution you have registered with!
Therefore, call your Insurance company to find out if you can add your spouse/partner and your kids to your own insurance policy.

3- If #2 is not an option:
Cancel your current policy and buy a Student Insurance policy from another insurance company with a coverage for your whole family.

4- If #3 is not an option either:
Then the only option you have, is to buy Visitors' Insurance for your family.

I can help you with option 3 and 4.
Send me direct message and I will help you find the best policy for the best price.

Debt Stacking
A method to help systematically eliminate debt!

Enjoy watching this short and helpful video:
https://wfg.wistia.com/medias/7e04tjt6cf

Protect your new family for life

There may be no greater life event than having a child. As a parent, it’s only natural that you feel a great sense of responsibility along with incredible joy and love for this little person who is going to become such a big part of your life.

https://ivari.ca/protect-your-new-baby-for-life-with-insurance

As a new parent, you’ll do whatever you can to protect your family. But have you considered giving them the give of lifetime protection?

Saeed Habibi
Financial Advisor

What you need to know before naming a beneficiary for your life insurance

In Canada, after you pass away, the proceeds of your estate can take one of two routes:
1. Proceeds can pass seamlessly from you to your loved ones.
2. Proceeds can enter the probate system.

want to know more? Click here:

https://ivari.ca/learning-centre/good-to-know/what-you-need-to-know-before-naming-a-beneficiary-for-your-life-insurance/

Saeed Habibi
Financial Advisor

Just bought a new home? 🏡 Have you thought about protecting your investment in the event of death, disability or critical illness?

Discover the benefits of insuring your mortgage with us instead of a bank! 👇

As we all know, buying a home is one of the most important transactions you will ever make. You’ve found your dream home and have bought home insurance to cover your property and legal liability. So now, all you have left to do is unpack your boxes and settle in. Not so fast!

Getting insurance for your mortgage
What would happen if your spouse were to pass away suddenly? Would you be able to cover your mortgage payments and your expenses? Mortgage insurance enables you to pay back all or a portion of your financial obligations in the event of death. Avoid a disability or serious illness having a huge impact on your finances and lifestyle by enhancing your coverage. This will ensure your investment is protected against life’s little surprises. Thus, you can focus on your family without worrying about money.

The benefits
These days, you can buy mortgage insurance from a bank when signing your mortgage or you can buy it from a financial institution. To help you decide, here are the advantages of buying your mortgage insurance from a financial institution:

You own the contract and choose your beneficiaries
When you buy mortgage insurance from your bank, the bank owns the contract and is the beneficiary. If you buy your mortgage insurance from an insurance company, you own the contract and can name any beneficiary you want. Your beneficiary can choose to repay the loan, pay his or her debts or use the benefit for something else.

Your premium is fixed and guaranteed
The amount of mortgage insurance coverage you buy from an insurance company will remain the same for the duration of the loan… Example, you have a $200,000 mortgage and buy $200,000 in coverage that you will keep year after year. At a bank, the amount of your mortgage insurance coverage will decrease as the balance of your mortgage decreases while your premium will remain the same.

You can convert your mortgage insurance
An insurance company will allow you to convert your mortgage insurance to permanent life insurance, as needed, throughout the term of your loan. If you do convert your insurance, your premium will not increase and you will not have to undergo a medical exam. The policy will remain in force until your death.

No more shopping around
By buying your mortgage insurance from an insurance company, you won’t have to shop around for mortgage insurance for the duration of the term. Additionally, the cost will not increase over the years. If you buy from a bank, you are required to negotiate new mortgage insurance and your premium will be higher based on your age and any changes to your health in the meantime.

3 creative ways to pay off student loans faster

Student loans are a reality for many people and paying them off is no small feat. But, fear not! These three strategies can get that debt paid off faster so your savings can start sooner.

https://ivari.ca/resources/faq/good-reads/3-creative-ways-to-pay-off-student-loans-faster/

There’s no magic spell to make your student loan disappear, but these 3 strategies can help you pay it off sooner.
Goodbye student loans…hello savings!

10 Things to consider for a secure financial future

Are you on the right track for financial security down the road? Here are 10 things that you can do right now to get started.
Do you know the 3 P’s of financial planning? They’re not what you think!

https://ivari.ca/learning-centre/good-to-know/10-ways-to-plan-for-your-financial-future

Want to know more?
Ask me.
Saeed Habibi, Financial Advisor

Are you looking for ideas of what to do with your tax refund? Here are a few:
• Contribute to your TFSA
• Contribute to your RRSP
• Contribute to an RESP for your children or your grandchildren
And why not keep a little to treat yourself and support local businesses? Share your ideas in the comments section!

Contact me for any questions!

Term vs Mortgage insurance

https://ivari.ca/learning-centre/good-to-know/the-top-3-reasons-why-term-insurance-protects-your-home-better-than-mortgage-insurance/
Many clients don't understand that term insurance can protect their home better than mortgage insurance. This article outlines the three reasons why term insurance may be a better choice than mortgage insurance.

Want to know more?
Ask me!
Saeed Habibi, Financial Advisor