The hot new term rates are designed to position Empire Life in the top five for ages under 50 for coverage up to $500,000¹. The best news about these rate changes is that the very competitive renewal rates have not changed and the market-leading waiver of premium cost will improve.

An effective solution is the time-tested process of dollar-cost averaging. Rather than making a lump sum investment (and risk timing the market badly), you invest a set amount at regular intervals. Each time the market moves temporarily lower, your investment buys more at lower prices. When the markets come back, you buy less at higher prices. You enter the market carefully, without the risk associated with a single lump sum investment. Small systematic investments can smooth away the effects of market volatility.

Some of Canada’s top mutual fund companies, have excellent dollar-cost averaging programs. These programs place your initial investment into a fund invested in government-guaranteed fixed-income securities, and each week a portion of your investment is transferred into an equity, balanced or income-generating fund that fits your long-term plan.

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Gold has been a desirable and valued commodity since before recorded history. Many people can still recall the lineups at bullion dealers and coin sellers in late 1979 and early 1980. Gold reached record highs then and recently gold surpassed $1,000 US an ounce back in March of 2008. At these levels and with the current economic turmoil it is no wonder why a lot of investors have opened their eyes to gold.

On January 1, 2009, the federal government will be introducing a new tool to help you make the most of the money your are putting aside for your projects.

The Tax-Free Savings Account (TFSA) will offer you a whole new array of tax benefits that will allow you save throughout your life. This is the single most important savings vehicle since the introduction of RRSPs.

This is the end of the beginning, rather than the beginning of the end. The banking failures and bailouts, occurring globally, are the catalysts we've been waiting for. In a nutshell, the U.S. banking system has committed a terrorist act on itself, the effects of which will be felt for years to come.

What’s going on?

A cleansing process. A game of “musical chairs”.

The music has been playing now for a number of years and everyone has been walking around without the need for a chair. U.S. investment banks, mortgage companies and highly levered hedge funds have enjoyed playing the game. Well the music has stopped and some don’t have chairs: Bear Stearns, Lehman Brothers, Merrill, highly levered hedge funds, etc. Fortunately, the Canadian banks, commodity companies, etc., in general, all have chairs.