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Tips When Replacing Your Life Insurance

Because life insurance agents are normally compensated with commissions, there are some bad apples out there that will sell anything to make a buck.  Even if you have a good life insurance plan in place, they may recommend cancelling it and replacing it so they can sell you a new policy.  Before you cancel or […]

Level Term Life Insurance Made Easy

“Term insurance” usually means “level term life insurance”.  It provides a level amount of coverage for a specific length of time (term) and with a level premium.  For example, someone may take out a policy for a 20 year term with a death benefit of $250,000 and pay a premium of $32/month.  So for the […]

Decreasing Benefit Term Life Insurance

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 […]

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.  […]