Archives for September 5, 2019
Since February of last year the Town has changed out 200 meters and investigated water leak calls from residents. The useful life of a water meter is typically about ten years and the accuracy of meters could deteriorate over time. Oliver’s water metering program was put into place as part of the water twinning program which started in 2007.
Unfortunately during the inspection process, four meters were found to have been tampered with, resulting in the Town issuing $1,000 fines to property owners for “tampering with a water system”, under Water Regulation Bylaw 1289.
Tampering varied from removing the meter and installation of a by-pass, others removed the locking pin. Water consumption for each of these property owners was significantly below average or non-existent.
The Town will continue to replace water meters as the life expectancy nears completion and will impose fines to property owners who tamper with the water system meters.
Location: The gallery on Main Street
Address: 6220 Main Street – door just north of Oliver Shoes
Times: 9 to 5 Monday to Saturday – most days check for art signs on the sidewalk
The gallery walls filled with paintings from Oliver Sagebrushers and one feature wall for South Okanagan Photos and Art – called the “Wall)” featuring photographs by Jack Bennest, Lumb Stocks, Hebert and paintings by Marion Trimble and Tara Hovanes. Prices competitive between $100 and $400.
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Is there something holding you back from protecting your loved ones? Have you convinced yourself that you really don’t need life insurance?
Well maybe you’re right and you don’t need this important coverage after all. Let me help by providing you with five more reasons not to buy life insurance (and why they don’t make sense):
1) You don’t have any kids – While having children is the number one reason for many to setup life insurance, the lack of them doesn’t automatically mean you don’t need coverage. Many people have a spouse or other family member that is reliant on the income they earn and they would be put into a tough financial position if you were to pass away unexpectedly.
2) You think it’s too expensive – False concern over the cost of insurance is the top reason why people don’t setup life insurance. A recent survey found the average consumer estimated coverage at five times its actual cost. This is partly the fault of the insurance industry who try to push expensive permanent policies onto people who only need an inexpensive term insurance plan.
How cheap is it? A $500,000 life insurance policy for a 30-year-old nonsmoking female is under $20 per month!
3) You’re too young and healthy – Nobody is invincible, and an accident can happen at any time. If anyone depends on you to make ends meet, you should be considering insurance now. As an added bonus, someone young and healthy will qualify for great rates and be able to lock them in now for as long as they’ll need the coverage.
4) You don’t know where to start – Almost half of the people surveyed said that their lack of understanding about insurance was the main reason they hadn’t set any up. There are vast amounts of information online for those that want to do some research. Alternatively, a short chat with a Certified Financial Planner can help create a customized plan.
5) You don’t have time to set it up – Applying for insurance used to be a long and onerous task but it’s much easier these days. The entire application process can now be done online, and several insurance companies even offer e-delivery of the policy once approved. Setting up a policy is now easier than ever so a lack of time is no longer a valid excuse.
It is common human nature to avoid tasks that you know you should do and equally common to find excuses or reasons to support your behaviour. But just because you don’t want to setup life insurance coverage on yourself doesn’t mean your family doesn’t deserve it.
So enough of the excuses already, if you need life insurance go set it up! You’ll sleep better at night once you do.
This column is written by Michelle Weisheit CFP, IG Wealth Management and presents general information only and is not a solicitation to buy or sell any investments. Please contact your own advisor for specific advice about your situation.