Term vs Permanent Life Insurance
Understanding Life Insurance – Sun Life Financial Feature
Their are two basic types of life insurance. Term can last for a set amount of time. Permanent can last for your entire life. But which one is right for you? Knowing their differences and benefits can help you find out.
Term Permanent
What is it for? |
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Who is it for, mainly? |
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What are the advantages? |
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What are the disadvantages? |
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When is it most cost-effective? |
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Can you convert it to the other type of insurance? | Yes | No |
Can it supplement the insurance you have at work? | Yes | Yes |
Trends to consider |
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Read the full article below on the sun life website:
Full Article - Sun LifeSelf Storage Acquisition Activity in 2021
Click the link below to read the full article
Self Storage ArticlePacific Calgary Opportunity Trust II – December 2020 Update
Pacific Calgary Opportunity Trust (PCOT II): Investor Update
January 2, 2021 – We hope this update finds you and your loved ones safe, and that you were able to make the best of an unusual holiday season. The Coronavirus pandemic of 2020 has certainly challenged the resilience of the economy and businesses of all kinds, including land development. Thankfully, Pacific’s land investment model is itself resilient to unfavourable economic conditions. We look forward to better times as the province and the country worm to recover lost ground over the coming months and years.
As was shared with Investors in June of this year, there was a pause in land development activity earlier this year that continued through September, which gave Pacific with an extended period to investigate the cost basis under which the McClellan Business Park lands will be eventually developed. With Hopewell’s Interlink Logistics Park now underway to the west of our property, across Dwight McClellan Drive, Pacific was able to gain valuable information on regional servicing in East Balzac. Hopewell has brought municipal services almost to our borders to serve their own interests, which has allowed for more precise negotiations with Rocky View County. At the same time, Pacific made the decision to simplify the design of McClellan Business Park substantially, and the resulting cost basis for the eventual development of the lands is now at a much more favourable level. Refining the development cost basis for the next developer supports the value of the sale and exit Pacific is now working to achieve.
McClellan Business Park features excellent transportation connections to two major arteries (QEII and Stoney Trail) and the Airport (as an Inland Port for logistics). The East Balzac region, over the past year, seems to have reached a tipping point where there is less development land available compared with lands that have already been developed and occupied. Pacific has fielded enquiries on our lands from several developers over the past year. Specifically, a development corporation we are discussions with has shown interest in acquiring our lands, and here in the New Year, we will restart discussions toward the goal of having an Offer on the table.
In closing, we remind Investors about the world we are all living in. Like many other industries, the land development community is still coming to grips with what the economic disruptions caused by the pandemic over the past year will mean to land and development going forward.
The overall picture of Calgary, Alberta, is of a downturn, and what bright spots there are, or what market confidence exists to support large or long term land purchases isn’t yet clear for 2021 and beyond. Still, two community developers we are in contact with were, recently, somewhat surprised to report their own sales absorption rates for 2020 are not much different from that of an average ‘down’ year. They also noted it was much more effort just to reach those moderate sales numbers. So, while 2020 was a very challenging year in this and many more respects, there is reason for optimism in the resilience people and companies can demonstrate in times of crisis, and here is hoping the worst of the pandemic will soon be behind us all.
Pacific Investments & Development Ltd. wishes you a safe and happy Holiday Season, and we look forward to a prosperous year in 2021.
Best Regards,
Pacific Investments & Development Ltd
Alignvest Student Housing – Q3 2020 Management Report
SEPTEMBER 30, 2020 – MANAGEMENT REPORT
We are pleased to send you the September 30, 2020 Management Report of Alignvest Student Housing Real Estate Investment Trust (“ASH REIT”).
September is the most important month for our REIT as it is the start of the school year. This year, in particular, with the onset of the “second wave” of the COVID-19 pandemic and uncertainty around university operations, we have been hyper-focused on occupancy and managing the health and safety of our tenants and employees. We are pleased that the majority of students showed up, are occupying their units, are excited to partake in the university experience, and are paying rent on time.
We are cautiously optimistic that our occupancy figures will continue to improve in the coming quarters with the recent announcement by the government to allow international students to enter Canada as of October 20, 2020.
Please let us know if you have any questions.
Click the link below for the September 2020 update.
Alignvest Student Housing – Update
ASH Unitholders,
September 1st is a very important date for our student housing assets. Most of our leases run on a September – September term. We wanted to provide some real time information as to how September appears to be going. The following attachment gives some raw numbers of our current portfolio. We wanted to provide some additional information in order to help best understand theses numbers and what they mean:
- Our overall portfolio is 85%+ leased for the year. This is well above our estimated breakeven occupancy of 65%.
- There is ONE building in our portfolio that is managed by a University. This is the annex building in Ottawa. The Annex has been recognized as the best building in the Universities portfolio and is the most occupied building. Its current occupancy is 57%. This is expected to be the case for at least the first term. Generally this building is fully occupied with a long waiting list.
- We continue to be operating in a positive cash flow environment and we have plenty of cash on our balance sheet to weather any storm or take advantage of an opportunity to acquire quality assets.
- At this point in time, management sees no reason to cut the distributions to unitholders and therefor distributions will continue.
See the below update:
Bluebird Self Storage – Investor Update
Please click on the below link to access the latest update on