20 years, inflation has
averaged 6.9% per year. If
this keeps up at an
average of 6% per year,
$1,000 of today's money
‘will only buy $312 worth
of goods 20 years from
now. A cost of living
clause is a very wise move
with disability insurance.

What about group plans?

Many professional
associations, private
businesses, or
organizations (Chamber of
§ Commerce, for example)
offer group disability

plans. The advantage of

these plans is that they

tend to be cheaper; the

disadvantage is that they're

only available as long as

you're a member or

m employee.

™ These plans also tend to
# be cancellable. That's

im because the insurance

@ company has a contract
with the group or
association to provide the
program. This contract is

Mi renewed periodicaliy,

sometimes as frequently as"

every 12 months. If the
m insurance company isn't
= making enough profit,
im they'll terminate the plan.

Congratulations to
one of our
sponsored teams,
the North
Vancouver Midget
“B" amateur
hockey team. These
stalwart lads swept
the competition to
capture the Lower
Mainland League
and Provincial
Final titles.

Back row, L to R:

_Jim Barabash,

Ben Goh,

Kris Lew,

Ben Fuller,
Andrew Durnin,
Don Coghill,
Brock Barabash,
Bryce Tang,
Mike Wagner.
Middle Row:
Pat Maihara,
Sam Zoofkoff,
Jason Maihara,
Tyler Owen,
Craig Curley,
Geoff MacDonald,
Mike Potyka,
Don Eltiot.
Front Row:
Tyler Marsh,
Scott Souter,
Duke Sail,
Rene Pahtke,
Todd Stojcic.

Wednesday, July 15, 1992 ~ North Shore News -—

Japanese are world’s

biggest savers.

If you're Japanese, you have more per
capita in your savings account than
anybody else in the world, $45,118 to be
exact. This financial trivia is reported by
the International Savings Institute of - = .
Geneva in a 1990 survey of bank
account statistics.

Who was second? The. Swiss, ¥i

3t

How long. does
money last?”

Not long enough, you're fikely to
answer,

The Bank of Canada would likely
answer the same way, although for a
different reason. Everyday, the Bank :
shreds $38 million of tattered, torn, and
defaced notes. That's because most
denominations of bilis have very.short
life spans. Fives and tens only last 9%
pulled from circulation and replaced with

a $1 coin because the notes rarely lasted
more than six months. And since the -