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 […]
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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 […]
Introducing Term Life Insurance
Term life insurance is a great way to get coverage for a specified period of time. Buying life insurance is for the protection of loved ones (or even business partners), to eliminate the risks associated with the loss of an income earner or key person. The use of “term” insurance is often recommended because the […]