Jurij Ivanov Consulting

06/22/2023

Newcomers to this blessed country. How much do you want to pay for your vehicle insurance?
https://globalnews.ca/news/9733656/newcomers-canada-roadblocks-auto-insurance/?fbclid=IwAR2jHBVGTYp_G-SoePaNPFMXW1G2nyLVA5XDSer24zZghlqIqsdQukLwMHU

After moving to Canada in 2021, Farshad Barzegar is speaking out about insurance companies not accepting out-of-country or international driving histories.

06/18/2023

Buying Life Insurance as an Investment

You can build up cash value using a life insurance policy and tap into the funds when you retire.
The primary purpose of life insurance is to pay out a sum of money to your beneficiaries after you die. But it's not the only reason to buy coverage. A recent study
found that 23% of people who purchase life insurance do so to build cash value and save for retirement.

While you can use life insurance to accumulate cash value, it isn't a typical investment or the best choice for everyone. Learn how cash value works and whether this is right for you.

06/18/2023

Consider to protect yourself this summer...

Life insurance is an important part of planning for your family's financial future. It helps take care of them if something happens to you. Choosing a life i

06/17/2023

How Insurance Can Protect your Final Days In As Little As 30 Minutes Of Sharing Your Information?

11/14/2021

Living wages for the 23 regions in Canada...

A new report has revealed how much money people need to make in 23 Ontario regions in order to afford a basic lifestyle.

10/31/2021

Hello there, dear friends...

Before mortgage interest rates begin to rise, homeowners should consider the advantages of refinancing now.

Although we’re witnessing record low rates, these rates will not last forever.

Unfortunately, many homeowners will delay refinancing and miss out on the savings. There are many reasons to refinance.

Here are the top three reasons to refinance while rates are low.

Reduce Your Monthly Mortgage Payment

Interest rates greatly effect mortgage payments. Individuals with poor credit can get approved for home loans.

However, the lender will charge higher fees or interest.

If you receive a high interest rate, you may pay a couple of hundred dollars more than a good credit applicant who applied for the same mortgage amount.

If you purchased your existing home with poor credit, refinancing for a lower rate may decrease your monthly payments, especially if your credit has improved.

Obtaining a home loan is a great way to boost your credit rating.

In fact, many homeowners notice an increase in their credit score after establishing a good payment history with their mortgage lender.

Thus, if you received a bad credit mortgage, make an effort to better your credit, and then refinance for a low rate.
Get a Fixed Rate Mortgage Loan

Furthermore, many homeowners choose to refinance their existing mortgage to take advantage of a low fixed rate.

When interest rates were higher, many home buyers opted for adjustable rate mortgages because they carried lower rates.

Although homeowners with an adjustable rate mortgage also benefit from decreases in interest rates, these low rates are not promised.

Every so often, mortgage rates rise and fall. If rates begin to climb, so do the rates for an adjustable mortgage. Hence, mortgage payments will increase.

To avoid increased payments, refinance and secure a low fixed rate that will remain the same throughout the duration of the loan.

Take Advantage of Cash-Out Refinancing

Cash-out refinancing is a very attractive feature to refinancing your current home loan. With this option, you can refinance for a better rate, and borrow from your home’s equity.

At closing, you will be given a lump sum of cash. Funds may be used to consolidate debts, remodel your home, take a nice vacation, or pay for a child’s education expense.

Get the best innovative mortgage solutions
through our lending partners to help
you meet your financing needs!

10/09/2021

Attention: Fully vaccinated and ready to travel might still face hurdles...
When the federal government announced in early July that fully vaccinated Canadians travelling abroad can skip quarantine upon their return home, some travel-starved people started making vacation plans.

But travelling abroad during the pandemic is still complicated — and not yet recommended by the government.

Here's what you should know before planning your long-awaited trip.
Since the start of the pandemic, the government has advised against non-essential travel abroad.

The Public Health Agency of Canada (PHAC) told CBC News it loosened restrictions for fully vaccinated travellers because Canada's COVID-19 situation has improved. But PHAC says the government still advises against international travel, because some countries currently have high infection rates and COVID-19 variants remain a concern.

PHAC also warns that travellers could face problems if their international destination suddenly imposes a lockdown.

"Canadians may be forced to remain outside of Canada longer than expected," spokesperson Anne Génier said in an email. "Canadians should not depend on the Government of Canada for assistance related to changes to their travel plans."

Mixed vaccine woes
Like Canada, many countries now allow fully vaccinated travellers to skip pandemic-related entry requirements, such as a mandatory quarantine and/or a COVID-19 test.

But travellers need to make sure the COVID-19 vaccine they received is accepted in the country they plan to visit.

What about travel insurance?
Travellers can now get COVID-19 medical coverage, but that won't cover all pandemic-related problems.
it's possible to get cancellation coverage in case you get COVID-19 and must cancel your trip. But he said you likely won't be covered if you cancel your plans for other pandemic-related reasons, because COVID-19 is now a "known" problem.

Some countries don't recognize people with mixed vaccine doses as being fully vaccinated, a potential problem for the millions of Canadians who received shots of two different vaccines.

it's possible to get cancellation coverage in case you get COVID-19 and must cancel your trip. You likely won't be covered if you cancel your plans for other pandemic-related reasons, because COVID-19 is now a "known" problem.

When returning to Canada from their trip, travellers must show proof of a negative COVID-19 test. Some COVID-19 medical coverage plans don't include costs incurred if you test positive and must stay longer at your destination.

That type of coverage, known as trip interruption insurance, typically includes a daily cap, so, even if you purchase it, you may not be covered for all your expenses.

All travellers need to do careful research before purchasing their insurance plan to make sure they have the right protection during the pandemic

10/09/2021

Attention : Fully vaccinated might still face hurdles...

Travelers can now get COVID-19 medical coverage, but that won't cover all pandemic-related problems. It' is possible to get cancellation coverage in case you get COVID-19 and must cancel your trip. But you likely won't be covered if you cancel your plans for other pandemic-related reasons, because COVID-19 is now a "known" problem.

"If your reason is going to be because of a shutdown, a fifth wave or sixth wave or seventh wave, you're out of luck,"

When returning to Canada from their trip, travellers must show proof of a negative COVID-19 test. Be aware that some COVID-19 medical coverage plans don't include costs incurred if you test positive and must stay longer at your destination.

Type of coverage, known as trip interruption insurance, typically includes a daily cap, so, even if you purchase it, you may not be covered for all your expenses.

"You could be staying at a $1,000-a-day hotel, that does not mean they're going to cover your costs at the hotel for 14 days,"
"All that any of these products could do would be to offset some of your costs."

Ottawa to require federal public servants, RCMP be fully vaccinated by Oct. 29
Federal workers must be fully vaccinated against COVID-19 by the end of the month or be forced into an unpaid leave of absence. Other new rules are also being introduced, such as mandatory vaccination for all air, rail and marine travellers effective Oct. 30.
Canada still advises against all cruise ship travel. As a result, many insurance providers won't offer COVID-19 medical coverage for cruise ship passengers.

"If I get sick, you could be talking about a helicopter air evacuation off of the front of the ship at sea to a port, to an air ambulance, to a centre that can look after me," he said. "So it could be quite complicated and costly."

All travellers need to do careful research before purchasing their insurance plan to make sure they have the right protection during the pandemic.

10/04/2021

Things for parents to consider when having a baby, including term life insurance...
You need to protect your child’s financial future if you were to pass away.
Raising a child is rewarding, but — as many parents know — it’s also costly. Even as you provide your children with the things they need, it’s also important to maintain sight of other financial goals, such as saving for retirement, paying off a mortgage and maintaining other investments.
Both parents can apply for the amount of coverage they want and the length of the term over which that policy remains active — 10 or 20 years. Should you pass away, your designated beneficiary receives a tax-free, lump sum benefit.
The cost of the policy never changes for the length of the term and the policy is automatically renewed at the end of the term until they turn 80.

10/02/2021

Forward thinking.

When it comes to life insurance, think about buying it for YOUR CHILD, not for your child.
Whatever your child's future holds, participating whole life insurance grows with them.

It provides cash value they can use to help fund their education, downpayment for a home, start a business and even supplement their retirement income, or eventually provide for their own family's financial wellbeing.

Permanent life insurance could be one of the smartest investments you make in your child's future.

BUY whole life insurance for yor child.

PAY premiums just for 20 years:
* $ 2,400 annually
TOTAL PAYMENT $ 48,000

CREATE a stable investment with tax-advantaged growth.

WITHDRAW cash for 60 years
$4,800 annually
* Total cash withdrawals : $ 288,000

09/30/2021

Hello my friend,

In the current lending environment, with interest rates at an all-time low, now is an ideal time for you to refinance your mortgage and possibly save thousands of dollars per year, enabling you to pay more money per month towards the principal on your mortgage as opposed to the interest – which, in turn, can help build equity quicker.
Following are five steps you can use to help attain a speedy credit score boost:

1) Pay down credit cards. The number one way to increase your credit score is to pay down your credit cards so you’re only using 30% of your limits. Revolving credit like credit cards seems to have a more significant impact on credit scores than car loans, lines of credit, and so on.

2) Limit the use of credit cards. Racking up a large amount and then paying it off in monthly instalments can hurt your credit score. If there is a balance at the end of the month, this affects your score – credit formulas don’t take into account the fact that you may have paid the balance off the next month.

3) Check credit limits. If your lender is slower at reporting monthly transactions, this can have a significant impact on how other lenders may view your file. Ensure everything’s up to date as old bills that have been paid can come back to haunt you.
4) Keep old cards. Older credit is better credit. If you stop using older credit cards, the issuers may stop updating your accounts. As such, the cards can lose their weight in the credit formula and, therefore, may not be as valuable – even though you have had the cards for a long time. You should use these cards periodically and then pay them off.

5) Don’t let mistakes build up. You should always dispute any mistakes or situations that may harm your score. If, for instance, a cell phone bill is incorrect and the company will not amend it, you can dispute this by making the credit bureau aware of the situation.

If, however, you have repeatedly missed payments on your credit cards, you may not be in a situation where refinancing or quickly boosting your credit score will be possible. Depending on the severity of your situation – and the reasons behind the delinquencies, including job loss, divorce, illness, and so on – as a mortgage professional, I can help you address the concerns through a variety of means.