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 […]
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 […]
Processing a Life Insurance Claim
Perhaps the furthest thing from your mind when a loved one passes away is dealing with a life insurance claim. Many Canadians are unsure what about what to do when they find themselves in this difficult situation. It can be extremely overwhelming planning a funeral, dealing with lawyers, family matters and many other things, but […]
Life Insurance Underwriting
Underwriting is the process that insurance companies use to determine the risk profile of the applicant, whether or not the policy will be approved, and what the premium will be. The life insurance underwriter has many factors to consider before an offer to insure an applicant is made. Some of the considerations are… – The […]
Life Insurance Industry Facts
It’s way more than just insurance: Through a wide range of products and services, the life insurance industry helps Canadians to protect themselves and their families against the financial risks of premature death and illnesses. It also serves Canadians with some retirement planning solutions. Products and services include individual and group life insurance, supplementary health […]
Life Insurance for High Risk People
High risk life insurance is for people who engage in hazardous activities or have a serious health condition. There are several activities that are considered “risky” by an insurance company… scuba diving (to certain depths), certain extreme sports (motorsports, heli-skiing, back-country skiing), commercial fisherman, logger, or pilot, skydiver, mountaineering, bungee jumping, etc… There are a […]
Life Insurance for Seniors
When we reach the age of “only” 50 we may start to find it difficult to get approved for life insurance. For many of us there is considerably less of an insurance need but we might be concerned about not leaving a financial burden for things like funeral costs, or helping your beneficiaries cover any […]