Accidents are unpredictable and can bring with them life-altering consequences. It is, therefore, very important for families to be financially secure. Among the most reliable ways of securing one’s loved ones in Canada is Term Life Insurance. Many Term Life Insurance Policies offer optional accidental death benefits, which provide an additional layer of security against … Read more
Insurance policies rank among the most reliable tools for financial security, one that provides protection and long-term financial growth. In fact, the issue is more in understanding what all the terms that come along with an insurance policy really mean. One of the critical terms in this context is “maturity” in an insurance policy. This … Read more
In Canada, Life Insurance can be provided, but return-of-premium (ROP) Life Insurance Policies have an attractive feature that classifies them differently from other Life Insurance plans. If the policyholder outlives the term of the policy, he or she receives a full or partial refund of the paid premiums. This is an added encouragement for a … Read more
Level Term Life Insurance is still the most common Term Insurance used in Canada. A well-defined policy with transparent coverage for a specific period as well as fixed premium and payout makes it very attractive to anyone wishing to have predictable affordable protection of their loved ones. Whatever your reason for considering life insurance – … Read more
Perhaps it is the most important financial decision you will ever have to make. It is to provide some form of finance to your close relatives in case something happens to you. However, making a decision about how much coverage to consider with Life Insurance can be highly stressful. Income, debts, and family size can … Read more
Cancelling a Life Insurance Policy is one of the most serious decisions you may have to make, requiring extreme deliberation. Be it to change a different policy, lessen your monthly spendings, or have discovered that your existing coverage no longer fits your needs, it is of prime importance to understand how to cancel the same … Read more
When it comes to trying to decide on which type of Life Insurance is best, most people are going to look at Term Life Insurance versus traditional Life Insurance, which also incorporates whole life or permanent Life Insurance. Both types can provide a great form of protection, but they have some good differences in many … Read more
Life Insurance is one aspect of a total plan to protect your family’s future from financial devastation. Generally, you have two options in Canada: Term Life Insurance and Cash Value Life Insurance. While both types offer some key benefits of Life Insurance, they drastically differ in structure, cost, and ultimate long-term value. Which you choose … Read more
Life Insurance is one of those ‘critical’ financial tools that provide a sense of security and peace of mind for loved ones in the event of your death. No matter if you purchased your policy decades or years ago, one question pops into your head: Should I renew my Life Insurance Policy? While your life … Read more
Whole Life Insurance is an extremely powerful financial tool that allows the owner to have lifetime coverage. It takes up a death benefit combined with a savings component growing bigger over time. The most common question most people seem to have weighing their whole life against other types is, “Do I have to pay for … Read more