Life Insurance

Getting the benefit of the opinion from an independent broker who knows the basics of your situation is invaluable, and you have already paid for it. Every insurance policy in Canada is by law sold through a licensed agent, and that generates a commission or salary, even if the policy is bought online.  So you…

Term Life insurance is great for getting the amount of life insurance your family needs, at a cost you can afford. Here is an example of how to save more than 100% on Term Life Insurance! You can save over 100% on your life insurance premiums and save thousands of dollars. This may sound unlikely,…

Universal Life policies first became popular in the early 1980s, and had been developed a few years earlier.  They are considered unbundled policies, in that the various parts of an insurance policy, which include the term insurance, the cash value and the expenses, are priced separately and stated in the contract. This was a response…

Waiver of premium on a life insurance policy is a rider that you can optionally add and which may pay the premiums of a life policy for you during a period of disability.  This can help keep your valuable life insurance in place for your family during a time when you are already vulnerable because of…

Life insurance companies are rated by agencies such as A. M. Best, S+P, Moody’s and Fitch. Enclosed is a recent listing of ratings, and a link to the homepage of each major insurance company in Canada. However I would not put too much stock in these ratings for two reasons. 1. These ratings reflect the…

There are 3 stages of life insurance needs – Family Protection, Accumulation of Assets and Estate Preservation Needs will shift as a client moves through these 3 stages and the amount of life insurance needed generally changes due to exposure to capital gains, taxes due in the year of death, RRSP/RRIF tax, etc. Term insurance…

You can easily get affordable term quote, particularly due to the availability of different alternative term life insurances. But, getting a good quote depends on several different factors. Getting married comes with having many different financial obligations. From a house payment to cars, furniture and many other bills, you suddenly find yourself in a serious…