Often times the owner of life insurance policy is the person whose life is insured. Owners can however include; parents, spouses and corporations. Once a contract is taken out there are varying circumstances where a policy holder would elect to transfer ownership to another person. Below are a few...
Often times when a quote is received by a client it shows that the age quoted is one year older than the person’s actual age. This is because insurance companies use your nearest age rather than your actual age to calculate premiums. That means that if your birthday is within the next 6 months, in...
I am asked many times about life insurance with Group Employee Benefit plans versus individual life insurance and whether people need one or the other, or both.
In many cases life insurance that is provided by the employer is for basic coverage and is not sufficient to cover the amount that...
When considering buying life insurance we often think about providing for our loved ones. But what happens when you pass away? What can a beneficiary expect when filing a life insurance claim?
Once a person passes away, much of the time there is an immediate need for cash for varying reasons,...
One of the many challenges facing a diabetic is when it comes to qualifying for life insurance coverage.
When a person is diagnosed with diabetes, life insurance policies can become unaffordable or unobtainable. This is because life insurance policies are underwritten by the insurer and they can...
Life Insurance and segregated fund products and services offered through professionals representing Alliance Financial Group in the provinces of Alberta and Ontario only. Some advisors are dually licenced and may also offer mutual fund products and services through Wealthforce Inc., Mutual Fund Dealer, in the provinces of Alberta, Bristish Columbia and Ontario only.