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...
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,...
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...
There is one theme that I keep hearing when life insurance carrier wholesalers visit me. That is that Life Insurance Policies as we know them today may not be around in a few years. The insurance industries landscape may look very different. With regulatory pressures and market conditions it seems...
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...
If you are a smoker and you are in the market for life insurance in Canada, you know that smoking does cost you significantly more than a non-smoker.
In the illustrated example you can see that this smoker, aged 35 has a premium for a 10 year term life insurance rates double that of a non-smoker.
Should...
There are many kinds of life insurance, but they can generally fall into two categories, term insurance and permanent insurance. When comparing the two options you can draw parallels with your food choices, one option may have long term benefits and the other has immediate benefits. Both options...