January 29th, 2010
Get free medical advice
with LifeProvider.
Photo by Jane Liu.
Family. Work. Relationships. Life.
It can get overwhelming at times, even when it's going well. But it can all be thrown into chaos when there is an illness, or a family member suddenly requires special assistance, or a loved one passes away. Luckily, there are still places where you can turn. BMO Insurance is offering a Universal Life policy called LifeProvider.
As a LifeProvider policy holder, you will have access to a full range of counselling, guidance and referral services, right along with your family members, for as long as you keep your policy - at no additional cost.
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These services mean a friendly voice on the line to guide you to dependable social and community services.
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They mean a registered nurse, on call around-the-clock, to give you a leg up in times of injury or illness.
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They mean an online wellness resource library that you can access anytime.
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They also mean the comfort of professional counselling when coping with loss.
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And much more!
Best of all, it's completely private. All contact is held in the strictest of confidence, so you can rest assured that your privacy will be protected.
If you're interested in BMO's LifeProvider, or any other universal plan, please visit our Universal Life Quote Page and call our office at 1-866-899-4849.
January 28th, 2010
Find the plan
that's right for you.
Photo by Ben W.
Canada Protection Plan is a Canadian company, which is a leading provider of non-medical life insurance solutions, underwritten by Unity Life.
They offer simplified life plans and deferred life policies.
The difference between these policies is as below;
The Simplified life policy
-Plans provide coverage from day one
-offers a wider range of health questions
-Simplified is not available to diabetics requiring daily insulin injections or applicants with chronic kidney disease. These individuals would qualify for the deferred life plan.
The Deferred life Policy
-The number of questions is much more limited (only 6 health questions)Therefore, individuals with more significant health issues can qualify for the deferred life plan.
-The death benefit is limited to a return of premium plus 3% interest in the first 2 policy years for accidental deaths.
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Both plans are available without medical tests and doctors reports.
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They also offer a choice of life pay or 20-year pay payment options.
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Both plans also feature accidental death, hospital cash and a children's term benefit option.
For more details on Canada Protection Plan's, non-medical policy, or any of the other non-medical life insurance plans in Canada, please contact us at 1-866-899-4849, or visit our Non-medical Life Insurance Quote Page.
January 27th, 2010
Live out your golden years
with security and piece of mind.
Photo by Masahiro Hayata.
Desjardin offers two non-medical life insurance plans. The Golden Edge Classic, and the Golden Edge Enhance. Both plans are available without a medical.
The Golden Edge Classic has the following features:
1. It's available to those age 55 to 85.
2. There are seven health questions.
3. Premiums are guaranteed to never increase.
4. It comes with a minimum face-amount of $2,500.00 and the minimum premium is $300 a year. The maximum possible face-amount is $25,000.
5. It comes with a two-year claim clause. Meaning, if death results in the first two years, there will be a return of premium to the insured without interest.
Advantages of the plan:
1. Low initial face amounts.
2. There is a blended smoker/non-smoker rate, so smokers are paying a lower premium.
3. Golden Edge Enhance is available with three additional health questions and it offers lower insurance than the Classic.
4. Immediate coverage is available under the Golden Edge Enhance plan, except for applicants ages 70 to 85, who would still fall under the two-year claim-clause provision.
Disadvantages of the plan:
1. Premiums are not competitive at most age brackets when compared with simplified life plans from CPP and Assumption Life.
2. Non-smokers are getting penalized by the blended smoker/non-smoker rate.
3. Lower maximum issue limits and other simplified-issued plans.
Below is the following sample pricing:
A 60-year-old, male non-smoker would pay $140.15 for $25,000 of the Golden Edge Classic plan. You can get additional quotes by visiting our Non-medical Life Insurance Quote page.
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2 comments
January 26th, 2010
Applying for life insurance
just got easier
Wawanessa Life has a non-medical final expenses policy that makes applying for life insurance easy.
The plan features include:
Premiums are guaranteed level and the plan is paid up in 20 years.
Just answer the following five health questions:
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Within the last two years, have you had a stroke, heart attack or been advised to have heart surgery?
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Within the last three years, have you consulted a physician for, or received treatment for cancer?
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Within last three years, have you been declined for life insurance by Wawanessa Life or any other life insurer?
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Have you been diagnosed, treated for, or had any indication of AIDS or an AIDS related complex?
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Are you currently restricted to a wheelchair, bedridden, hospitalized or confined to a nursing facility?
If you answer "Yes" to any of the above, coverage will not be available.
The plan is very well priced for smokers, since smokers and non smokers pay the same rate. The premiums for $25,000 for a 60 year male $132.48 a month for a female $108.07 a month.
For more details you can contact us at 1-866-899-4849, or visit our Non-medical Life Insurance Quote Page.
January 21st, 2010
Don't Despair.
You can still qualify for life insurance
even with a poor health history.
Photo by Drew Herton
Canada Protection Plan, underwritten by Unity Life, is one of the leading providers of simplified-issue term life policies. Their Deferred Term 10, Term 20 and Term 100 policies are only available without a medical and have a limited number of health questions.
The applicants can qualify for the plan, even if they have been treated for some of the following ailments:
Heart disease, stroke, bypass surgery, coronary artery disease, high blood pressure not controlled by medication, chronic liver disease, Alzheimer's disease, dementia, multiple sclerosis, suicide attempts, chronic respiratory conditions (requiring the administration of oxygen), diabetes (requiring daily insulin injections), angina, or severe chest pains.
The policies are available in Term 10, Term 20 and Term 100 type plans.
The following is sample pricing for a 45-year-old, male non-smoker at $100,000.00:
Deferred Term 10 coverage: $40.95/month.
Deferred term 20 coverage: 55.35/month.
Deferred term 100 coverage: $170.19 a month.
The premiums on the above plan are fixed for the stated term. The death benefit in the first two years is limited to non-accidental death with a return of premium plus 3% interest.
For more details, please contact us at 1-866-899-4849, or visit our Non-medical Life Insurance Quote Page.
January 21st, 2010
As of December 31, 2009, Empire Life has introduced additions to its Class Plus investment product.
The first being the extension of the bonus period past the first 15 years to the lifetime of the annuity. Now, you will be able to receive a 5% annual income base bonus every year as long as no withdrawals are made that year.
In addition, you will be able to receive your Lifetime Withdrawal Amount a full year earlier. Previously, you could only get it the year after you turn 65 and now you can receive it the year of your 65th birthday.
The new enhancements apply to contracts currently in-force and new Class Plus contracts. If these new rules appeal to you, feel free to give our office a call at 1-866-899-4849.
January 20th, 2010
Retirement should be easy.
Credit: tldagny
La Capitale is ushering in a great five-year RRSP Rate with a GIC. The package matures in May 2015.
Rates
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3.75% in the first year.
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3.25% in subsequent years.
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3.35% is the average rate.
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$500 is the minimum investment.
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$500,000 is the maximum investment.
The plan is available for registered and non-registered accounts, if you are interested please call our office at 1-866-899-4849 to investigate this, or other RRSP possibilities.
January 19th, 2010
Disability can happen to anyone,
young or old.
Photo by Pablo Prez.
According to the Toronto Sun, Paul Thomas was enjoying a day at the beach in July 2009, when navigating the sloping Simcoe WaveDeck proved to be too much for him to handle. The 47-year-old severed a tendon in his left leg and suffered a partially broken kneecap when he fell after trying to descend from the deck's first wave and up to its next highest level.
"I haven't been able to work at all," Thomas told reporters. "It's just devastated my life."
The Sun article went on to detail Thomas's plans to file a lawsuit against Toronto City Hall likely for pain, suffering and lost wages. All things he wouldn't have to worry about had he invested in disability insurance before his accident.
One option could be Blue Cross's Global Vision Disability Plan, which offers accident plans for the worksite or at home, or you can find the disability plan that will best suit your situation and budget by visiting our Disability Instant Quote Page. You can also contact our office by calling 1-866-899-4849.
January 13th, 2010
Is Accidental Death a good deal?
Credit: Ben W
Many Canadians are often bombarded by life insurance companies approaching them for accidental life insurance special offers.
Sun Life, Industrial Alliance and BMO Insurance all offer direct-mail campaigns and virtually every other life insurance company offers accidental death insurance as an add on to it's life insurance policies.
The question is, is it a good deal?
1. Accidental Death Insurance is one of the highest profit-grossing products sold by life insurance companies in Canada. The reason for this is less than 5% of all life insurance claims are on behalf of policy holders who died by accident.
2. The deal is even worse for older clients because the chance of dying by accident generally decreases as the insured ages.
3. Most accidental death policies expire at age 70 and there is no option to convert the coverage to an individual life policy. The reason is that accidental death policies do not ask for evidence of insurability at the time of sign-up (since the insured's health has virtually no impact on their likelihood of dying by accident). This seems like a plus, in that people don't have to go through the hassle of the medical exam, but a big disadvantage if they want to convert the coverage down the road.
4. Accidental death coverage is often more expensive than equivalent Term
Life Insurance.
BMO Insurance's accidental death policy is offered directly to consumers at four coverage levels. BMO's maximum issue on their accidental death plan is a $250,000 benefit. The cost is $22.99/month. Ironically, their Term 10 traditional life insurance policy, sold through their Independent Broker Channel, is only $18.23/month for a 35-year-old, male non-smoker receiving standard rates. By the same token, a traditional 20-year term policy would be $27.23/month.
It should be noted that BMO's Accidental Death Benefit plan does offer double the benefit (up to $500,000.00) if the accidental death occurs while travelling as a fare-paying passenger on a plane, train, bus, taxi, or any other public transportation. But once again, the chances of this kind of death are extremely low relative to death caused by illness such as cancer, stroke, heart attack, or any other non-accidental event.
You can compare for yourself by visiting our Instant Quote Page, or do not hesitate to call us at 1-866-899-4849.
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6 comments
January 10th, 2010
Business By Design's unique retirement plan
may be the answer for your team.
Photo by Lee Chisholm.
Only 5% of small businesses in Canada offer a Group RRSP to their employees, which is why Business By Design has partnered with Standard Life to offer a unique group retirement benefits plan for small to mid-level business owners and their employees. The plan is marked by clear investment choices, streamlined implementation and simple administration. It is known as, Express.
Streamlined implementation process
BBD will help choose a plan that suits the needs of your business and assist in submitting your application and your employee enrollment roster to quickly get the ball rolling with little effort on your part.
Monitored Avenue Portfolio Program [MAPP]
You don't need to become a hotshot stock brocker or an investment expert because Stanadard Life manages your investment portfolio for you. Included are Standard Life's pre-packaged Avenue Portfolios, so the guesswork is taken care of.
Time saving administrative tools
Contributions, reporting and administration have entered the digital age and can all be done online in under 15 minutes per payroll period. Skip the intermediary and receive full control over your own program.
No hidden fees
There is no nickle and diming from the administrative sponsor. It's all included. You pay one Investment Management Fee [IMF] to cover the entire administration cost.
The benefits of a large scale group retirement plan for a small business
Included with BBD's plan is Standard Life's award-winning Plan for Life communication and education program. printed materials, online rate calculators and tools and support from qualified telephone specialists.
Those interested in the plan need only meet these requirements:
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Your business must have a minimum of two employees.
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It must have a minimum of $10,000 in annual cash flow.
For more information on Express or any other Retirement Benefit options, feel free to contact our office at 1-866-899-4849.
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2 comments
January 8th, 2010
Universal Life vs. Term 100.
Confused? Don't be.
Photo by Larry Vincent
Term 100 coverage is a very straight forward form of permanent life insurance. The premiums are level for life and the coverage remains fixed for life. Most Term 100 policies have no cash values.
Universal Life coverage is available in many formats. The cost of insurance can go up on an annual basis, allowing for higher cash accumulation in the later policy years, or you can get a level cost of insurance where the premiums and the cost remains level for life (similar to a term 100 plan).
Universal life policies, with a level cost of insurance, offer applicants the ability to put extra funds in an accumulation fund. These values can be used to generate a paid-up policy in a limited number of policy years.
The premiums on Term 100 coverage are very similar to Universal Life coverage, with a level cost at the minimum premium.
Below are examples:
$250,000.00 - 40-year-old male, non-smoker
Manulife Term 100: $117.50/month.
Assumption Life Universal Life - Level Cost at minimum premium:$120/month (Assumption Life plans also have a built-in Guaranteed Cash Value at the minimum premium)
$250,000.00 - 50-year-old male, non-smoker
Manulife Term 100: $225.77/month.
Manulife Life Universal Life - Level Cost at minimum premium:$228.65/month
$250,000.00 - 60-year-old male, non-smoker
Manulife Term 100: $437.76/month.
Manulife Life Universal Life - Level Cost at minimum premium:$449.42/month
For additional details, you can contact us at 1-866-899-4849, or visit our Universal Life Insurance Instant Quote Page.
January 7th, 2010
Life insurance companies generally classify an applicant as a smoker if he or she has used and form of tobacco during the last 12 months. The difference in premium can be substantial.
In many instances, a smoker will pay double the cost for equivalent coverage than a non-smoker would.
Below is a look at the top life insurance companies at $250,000 of coverage for a 40-year-old male.
We have broken down five different forms of coverage: Term 10, Term 20, Term 30, Term 100, and 20-Pay life insurance.
You can get additional details by contacting us at 1-866-899-4849 or visiting our Instant Online Life Insurance Quote Calculator.
January 4th, 2010
Benefit by Design has
a comprehensive group offering
worthy of any corporation
photo by Michael Wade
Benefit By Design Inc. has been in the group insurance market for over two decades and has over 2000 corporate clients. It holds a wide range of products from which you can choose your coverage options designed to attract and retain quality employees and strengthen businesses.
(Benefit By Design Inc.: A Closer Look continued...)
January 4th, 2010
A dependence on alcohol does
not have to bar you or your family
from the benefits of life insurance.
photo by "phogel"
Occasionally we take a look at those factors that mean the difference between approval and denial when it comes to qualifying for life insurance. Today, as we come back from the no doubt champagne fueled festivities that rang in the new year, we reveal that an alcohol addicted past is not necessarily a barrier to insurance -- at least, not according to the underwriting guidelines of Manulife Financial.
(Underwriting Guidelines: Alcoholism is Not a Barrier to Life Insurance continued...)
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