Attention Globe & Mail Readers You read the Globe to be on top of all the financial news in Canada, and they sure do a good job in keeping us up to date. This short article is to address a small but very important topic of life insurance. Statistics show that even though Canadians are buying more life insurance (35% increase in Whole Life Insurance and an 8% increase in term insurance sales in 2010, according to LIMRA ). Even though these numbers are on the increase, I find that most … [Read more...]

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So, how much life insurance do you need? Well, the answer isn't really how much life insurance you need... it's how much investment capital your family will need at the time of your death. Their need for capital -- on a gross basis -- is really a function of two variables:           1.      How much will be needed at death to meet immediate obligations? … [Read more...]

Dear Applicant! Welcome to our online application form. By now you have already seen a comparison of Insurance companies and their prices and decided on which policy to go with. Now we need to make sure that the application process goes as smoothly and quickly as possible. HERE IS WHAT YOU CAN DO TO HELP: 1. Please answer the few questions below 2. When the nurse calls you, make the … [Read more...]

Confused about Insurance? Here are some questions and answers ! What is preferred underwriting? Back about 10 years ago, life insurance underwriters have realized that not every person is the same and that there are many factors that can determine ones lifespan. With the term insurance market getting more an more competitive, some insurance companies came up with "preferred" underwriting, which basically means that if you are in better then average health, you would be rewarded by paying less … [Read more...]

Why such savings on Life insurance? This has been quite a phenomenon in the last 20 years, where pretty much everything is going up in price, the price of term life insurance has gradually been coming down. That is good news of course, but only if you are taking advantage of it. You see, if you have a term policy that you have taken out several years ago, you bought that at the time where term insurance rates were higher than today. The longer it has been since you have bought your term … [Read more...]

Preferred Health Categories Explained   So what's the deal with so many health categories? Which one of those will you fall into: - preferred plus - non-smoker - preferred - non- smoker -regular - non-smoker - preferred -smoker - regular - smoker Let me start by saying that I don't know, and neither do you or the insurance company, at least not at this moment. In order for you to find out for sure, you will need to see the nurse and do the medical, with full blood work  and … [Read more...]