Tag Archives: life 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 […]

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 […]

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 […]

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 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 […]