Tag Archives: insurance

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 […]

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 […]

Joint Life Insurance

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 […]

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 […]

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 […]

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 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 […]