Decreasing benefit term life insurance is a policy that has a specified duration (term), a level premium, but a face amount of coverage that decreases each year. For example; a person may have a decreasing policy that starts with $250,000 of insurance in the first year and decreases to zero by year 20. The premium […]
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Term 100 Introduction
Term 100 is a type of life insurance that offers a coverage up to age 100, or until the insured person dies (if they live past 100). With this type of policy the premiums are averaged from the insured person’s age at the time of applying until age 100 and then they paid until age […]
Term 30 Life Insurance
30-Year term life insurance is a life insurance policy that has level costs and benefits for 30 years. Pretty simple right? Right. It’s not as common are 10 and 20 year durations, but the 30 year contract has become more popular as more families have extended their mortgage to 30-year amortizations. In contrast, permanent (to […]
Term 20 Life Insurance
20 year term insurance is coverage that provides a level benefit at a level cost for 20 years. The 20 year duration makes it ideal for young families who are looking for coverage during their child rearing years and to match up to their mortgage balance. The level cost for 20 years makes it easier […]
Term 10 Life Insurance
10 year term insurance is coverage that provides a level benefit at a level cost for 10 years. The 10 year duration makes it ideal for young families who are looking for coverage during their child rearing years and to match up to their mortgage balance. The level cost for 10 years makes it easier […]
Mortgage Insurance
For many Canadians the most important and largest financial decision they will ever make is the purchase of a home. Protecting that investment means more than getting insurance on the physical property and contents. You also need to protect the family from the debt obligation should one spouse die prematurely or become ill or disabled. […]
Life Insurance Medical Exams
When you apply for a life insurance policy, you will most likely be required to complete various medical tests. These tests are can usually be completed in the comfort of your home at your convenience. Nobody likes the word “exam”, with the exception of my stats professor in university L, but it’s really quite simple […]
Life Insurance Isn’t for Everybody
This is probably not a topic that an insurance brokerage would bring up, but it’s the truth. If you have no dependents and are not married or common law, then you probably do not have an obvious “insurable need”. There are some exceptions, so please continue reading… Life insurance protects your loved one’s standard of […]