Tag Archives: Life Insurance Underwriting

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 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 […]

Life Insurance and Tax

The tax laws regarding life insurance in Canada are not terribly complicated, but there are certain tax strategies that use life insurance that can be very complex.  It’s always recommended to consult your certified tax professional for any tax matter. This article will discuss the basic components of taxes and life insurance and they are […]

Helpful Hints for Buying Life Insurance

1.   Determine How Long You Need Insurance For. Term insurance is the most affordable and more widely available than permanent insurance (UL, T-100, Whole Life).  As a result the prices can be pretty competitive.  Insurance companies will require that you get a medical exam to assess your health and their risk to insure you.  There […]

Getting Reliable Life Insurance

Getting life insurance that you can rely on may seem like an oxymoron to many Canadians.  Can you breathe easy knowing that your policy will definitely protect your loved ones?  Or will they have to fight tooth and nail to process a claim in their most trying of circumstances? Firstly, ensure that you have an […]

Considerations for Your Business

Business owners will attest to the hard work it takes to establish a successful business. The years of hard work personal investment is just too valuable to not be insured When you die, what will happen with your business? Do your plans take into account estate taxation, legal issues, and liabilities? If a key person […]