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 […]
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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 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 […]
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 […]
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 […]
Guaranteed Life Insurance
Guaranteed life insurance (or guaranteed issue life insurance) is a life insurance policy that is literally guaranteed to be issued regardless of your health. Sounds good right?? Sort of…but it comes at a price. If you’re considering guaranteed issue insurance, then be absolutely sure that it’s your only option. An independent insurance advisor might be […]
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 […]