Joint life insurance is a form of life insurance that covers two people (or more) but only pays out its benefit once (exceptions apply…see below). Joint policies can be set up in 2 ways; joint-first-to-die (JFTD), or joint-last-to-die (JLTD) and provide for substantial cost savings compared to individual coverage costs. JFTD is a great choice […]
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Group Policies and Life Insurance
Group life or health insurance is a policy that covers a group of people under one policy. These policies are normally owned by the employers and offered to employees. Enrolling in a group life insurance plan doesn’t usually involve a medical exam or a formal life insurance application and the rates tend to be pretty […]
Getting Life Insurance Quotes
Getting accurate quotes with CanadianLifeQuotes.com is a very simple process and should take no longer than 2 minutes or your time. Simply complete the online form and hit send. You’ll receive an email within minutes informing you that we have begun the process of compiling your quotes based on the information provided by you. One […]
Disability Insurance Overview
Disability insurance protects against a loss of your income due to a number of covered conditions (illnesses, accidents, injuries, etc…). Disability insurance can pay a benefit upwards of 75% of your income in the event you are unable to work. It will protect you for the length of you time you are off work and […]
Creditor Life Insurance
Creditor life insurance is sort of like mortgage life insurance (the kind offered by the bank when signing a mortgage). It is a form of insurance that will be bought to cover a loan for personal use or for a business. It protects the lender and people who are dependents of the insured person from […]
Advantages of Term Life Insurance
Three key advantages of term life insurance: 1.) Term life insurance policies are easily understood and straight forward. Decide the amount of coverage that is needed and for how long. No messing around with cash values or rates of returns and tax issues. 2.) Affordability – the cost is very low compared to a permanent […]
What a Life Insurance Agent Does
A life insurance agent or “producer” is an individual that is licensed sell life insurance products to the public. These agents help individuals, families and businesses with identifying and implementing the most appropriate insurance solutions that is best suited for their needs. A life insurance agent must be very familiar with the vast number of […]
Toronto’s Life Insurance Industry
Protection for the People Canada’s life insurance industry has a significant impact on the well-being of the people of the Toronto area. This industry provides a range of financial products that are critical to protecting the financial future of nearly 4.5 million people living in the GTA. The industry… Provides about 3.5 million people in […]