Tag Archives: Term Insurance Renewal

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]