Life insurance is a crucial aspect of financial planning that is often overlooked. It is a contract between you and an insurance company, where you agree to pay a premium in exchange for a lump sum payment to your beneficiaries upon your death. Life insurance can help your loved ones cover expenses such as funeral costs, outstanding debts, and living expenses in the event of your untimely death.
So how do you determine how much life insurance you need? The amount of life insurance you need depends on several factors, including your age, income, debts, and overall financial goals. Here are some factors to consider when determining how much life insurance you need:
When it comes to financial planning, it's essential to consider all possibilities, including the event of a critical illness. This is where critical illness insurance comes in, and it's a type of insurance that provides a lump-sum payment to the policyholder if they're diagnosed with a critical illness. In this blog, we'll discuss what critical illness insurance is, why you need it, and how it works.
Through the lockdowns and the changes taking place, people were unsure about the processes that they were getting into. However, one thing that stayed constant is that they wanted assistance when it came to getting through many of the processes. Businesses and companies would make sure that they were getting assistance wherever they could so they could spend their time and effort working on something that made sense to them.
Investing in index funds has long been considered one of the smartest investment moves you can make. Index funds are affordable, enable diversification, and tend to generate attractive returns over time. Historically, index funds outperform other types of funds that are actively managed by top investment firms.
Global CEO Excellence Award Winner is Karm Panesar
When it comes to managing wealth, a life long entrepreneur is one of the best people to run to. Karm Panesar has been making money since he was high school, opening his first business at the age of eighteen. With
Whether you’re struggling to purchase the right type of investment or want to set up a retirement plan, managing your finances without understanding the ins and outs of the financial industry can be challenging. At such times, working with a trusted financial planner to help you bolster your overall financial picture is incredibly beneficial.
Karm Panesar is a lifelong entrepreneur who dove into the world of accounting straight out of high school and at just 18 years old opened his first business—one of many successful ventures over the past 15 years.
Meet Karm Panesar, President and Founder, and Bal Kundan, Vice-President and Co-Founder of Westgroup Financial Management Inc. Here’s their story about how it all started and what matters to them.
We are delighted to announce the launch of our new website!
Our new website provides our existing and prospective clients a simple yet interactive view of our work and the services we offer.
