Archive For The “Uncategorized” Category

Did the AMF failed in the simple task of managing the quality of life insurance examination?

By |

Bill 141 would basically abolish the Chambre Financiere in Quebec and transfer the responsibilities of the Chambre to the AMF. But is this too much responsibilities for the AMF? There are evidence that the AMF has eroded the level of knowledge that a representative must have in order to be licensed. We can prove this…

Read more »

Paying Down a Mortgage: Not simple as it seems to be…

By |

MortG is a multi-function mobile application designed for mortgages. Available for the USA and Canada market, in French, English and Spanish, this app does it all from calculating payments, closing costs, pre-approval, rent/own analysis, paying down, refinancing, debt consolidation, penalties, buying point analysis, ARM vs VRM, Retirement Plan and Reverse Mortgage Analysis…   Download Application…

Read more »

Reverse Mortgage, victim of financial discrimination?

By |

MortG is a multi-function mobile application designed for mortgages. Available for the USA and Canada market, in French, English and Spanish, this app does it all from calculating payments, closing costs, pre-approval, rent/own analysis, paying down, refinancing, debt consolidation, penalties, buying point analysis, ARM vs VRM, Retirement Plan and Reverse Mortgage Analysis…   Application Landing…

Read more »

How do you account for MERs in financial planning?

By |

The Management Expense Ratio (MER) represents the combined total of all the fees applied to a Mutual Fund. This includes the management fee, operating expenses and taxes charged to a fund during a given year. It is expressed as a percentage of a fund’s average net assets for that year.   As a Financial Application…

Read more »

BREAKING NEWS: ISSUE PAPER UNCOVERS CONFLICTS OF INTEREST IN INSURANCE INDUSTRY

By |

    September 23, 2017   Subject: ISSUE PAPER: MANAGING CONFLICT OF INTEREST RISK IN RELATION TO INCENTIVES   The Financial Services Consumer Alliance (FSCA) IS AN INFORMAL NATIONAL ALLIANCE of consumers and employees working in the financial industry SHARING THE SAME CONCERNS AND was created exclusively to defend and promote the specific rights and…

Read more »

Press Release

By |

Press Release In this press release we announced the release of our documentary “The Great Insurance Robbery. Visit our web site at www.consumerights.ca

Read more »

Who is selling insurance?

By |

Visit our website Financial Services Consumer Alliance to learn more about who is selling insurance Agents versus Brokers and Advisors…   “You should never consider buying the insurance that you want unless you have bought ALL the insurance that you need!” Richard Proteau   The power of words…we forget it too often. Words define how we perceive reality…

Read more »

Gaming theory applied to UL illustrations yield surprising results…

By |

Visit our web site Financial Services Consumer Alliance to get all the consumer information you need about the financial industry….   I adapted mathematical gaming theory to the illustration of Universal Life. But I was not content to limit myself to theory. Using that theory I built a slot machine to demonstrate the application of this theory….

Read more »

Canadians lose 40%+ of their lifetime retirement assets to the financial industry!

By |

  This is what we learn from The Poor Bartender; the only UNCENSORED book on how not to lose money when dealing with the financial industry. This book shows how saving money is the easy part of retirement planning. Investing money is the hard part and this is where Canadians lose most of their retirement…

Read more »

Life settlement: Industrial Alliance – Where insanity and stupidity comes together…

By |

  How stupid, ignorant, unintelligent – a one of kind bully – for Industrial Alliance to have made these statements in regards to viatical settlements recently published in the Insurance Journal.   http://journal-assurance.ca/article/assurance-viatique-ia-met-en-garde-ses-conseillers/   It is in French, but if you ask Industrial Alliance for a translation, maybe it will come out better in English….

Read more »