Maintaining your quality of life after the diagnosis of a critical illness and dealing with financial commitments can cause hardship for you and your families. Critical illness insurance can protect your family's future.
Are you covered against the primary critical illnesses, such as cancer, heart attack and stroke that can cause emotional and financial distress?
Estate planning can have a lasting impact on your family – though not as much as not doing it.
The objective of investing is to receive a future flow of funds larger than the funds originally invested.
Investing requires the trade-off of present income (consumption) for future income (consumption).
Choosing the right insurance company for you is one of the most critical steps in managing your insurable risks. It means asking all of the right questions and thoroughly investigating your options.
Cash management is the understanding and analysis of what you earn, what is deducted (e.g. taxes), what you spend and what you save.
A popular myth is that estate planning is only for the rich among us. However, any one who has property and wishes for a future generation will need estate planning.
Diversification is the process of helping reduce risk by investing in several different types of individual funds or securities and works hand in hand with asset allocation.
Without proper retirement planning, you can be faced with a significant cut in your income at retirement, requiring dramatic changes to the lifestyle to which you have become accustomed.
Debt affords us the opportunity to benefit from things that we may not be able to purchase in the short term, such as a home.
You will need 4 to 10 times the amount you paid for your house to enjoy a comfortable retirement.
Most of us will live a long time in retirement – possibly as many as 20 years, without generating income through employment.
Death is inevitable – and sooner or hopefully later, we are going to die. Before we do, we should take some actions to put our affairs in order.
Everyone needs a financial plan for their life, from those with ten dollars to those with ten million. Life takes money – whether you plan or not.
“If you think education is expensive, try ignorance!”
Andy McIntyre
For many Caribbean people, educating themselves and their children has been and continues to be the route to improving their lives and achieving a more comfortable lifestyle.
While education for Barbadians remains mostly free if we go to UWI at Cave Hill, this is not guaranteed to continue. Further, if the qualification is offered by a University overseas (including UWI in Mona and St Augustine), access to funding will be required.
University education can be expensive – especially if you want your child to be educated in the US or UK. In addition, tuition fees and maintenance increase at a rate higher than general inflation. This makes paying for a university from current resources practically impossible.
Today, a tertiary level education is important because it provides not only the specifics for a particular profession but also equips you with valuable human relations skills, time management skills and problem solving skills – life skills. If ensuring your child’s university education is one of your life goals – financing it will be one of your key concerns.
|
|
More than you want and less than you need
Often, in the seminars and workshops we do, we are asked about the purchase of whole life insurance vs buying term life.
|
Subscribe to be updated on announcements, news, and info.
|
