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.
Unity Life of Canada joined the Foresters family in April 2008 and as of Jan 23 2012 changed their name to Foresters Life Insurance Company.
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 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 25th, 2010
Grandma's hand
Photo by Jimmy Davao
No one wants to leave their family holding the bag when they pass on, not with bills, debts and funeral expenses. This is why Life Insurance can be an ideal fit for final expenses. The following benefits are hard to ignore:
1. The death benefit is paid out tax-free. Life insurance proceeds are paid with after-tax dollars. Hence, the benefits are paid out on tax-free basis.
2. Funeral expenses in Canada are on the rise. According to Reuters News Service, the average funeral in Canada can cost anywhere between $8,000 and $10,000.
3. Many life insurance policies set-up for final expenses are available for less than $1 a day.
4. Life insurance can be set up with a gradually increasing death benefit, giving the insured an edge against inflation.
5. Many life insurance policies are now available without medical tests. The one caveat is, these policies generally have a higher premium than traditional life insurance policies.
If you have any questions or would like a quote, please contact us at 1-866-899-4849 or visit out traditional Life Insurance Quote Page, or our Non-medical Life Insurance Quote Page.
January 23rd, 2010
Are advisors missing an opportunity
with Long-term Care insurance?
Photo by Edwin Kelly Tofslie
Recent statistics compiled by the Life Insurance Marketing Research Association [LIMRA], and published in the January 2010 issue of the Insurance Journal, have shown that there were only 7,847 long-term care policies sold in 2008 - marking a decline compared to the previous year. In total, there were only 60,000 long-term care policies in-force in Canada at the end of 2008, accounting for $80 million in annual premiums.
Since there are 85,000 advisors licensed to sell insurance in Canada, the Journal's stats reveal that the average advisor sells less than one long-term care insurance policy per year.
One reason for the low buy-rate could be the fact that Long-term Care costs are on the rise:
Extensive long-term care costs an average of $5,000/month in provinces where the care isn't entirely subsidized by the government. Combine that with increasing cutbacks in service delivery nationwide, and the costs will only go up.
You can get a free analysis of the different Canadian long-term care insurance policies by getting our Long-term Care Insurance Report or visiting our Long-term Care Quote Page. Additionally, you can contact us at 1-866-899-4849 for more details.
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2 comments
January 22nd, 2010
It may make sense to insure your kids
photo by Kipp Jones
Putting a life insurance policy on a child may seem like just something insurance broker parents do to collect an easy commission. After all, they have no dependents and they're expected to out live those that raise them. Not so fast, there is a method in the perceived madness.
The following are 5 reasons why insuring a child can make sense:
1. Allows parents and grandparents to leave a financial legacy to their children and grandchildren
2. Affordable premiums guaranteed for life
3. Policy can be have limited pay periods i.e. Plan can be Paid-up insurance after 20 years
4. Any dividends, under a participating whole life policy can grow tax sheltered within the policy
5. Dividends can be used to increase coverage and cash value and accumulating cash value will allow for future borrowing needs
For more details contact us at 1-866-899-4849, or visit our Whole Life Instant 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
Unity Life of Canada joined the Foresters family in April 2008 and as of Jan 23 2012 changed their name to Foresters Life Insurance Company.
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 15th, 2010
Thousands of Canadian Haitians are holding their collective breath waiting for word on the fate of their friends and family, while the rest of us are counting are lucky stars that the same potential fate didn't befall us.
Haiti Earthquake by UNDP
According to the United Nations Environment Programme's Global Environment Outlook, earthquakes are among the most expensive natural disasters, along with floods and windstorms. Earthquakes accounted for 30% of all damage by natural disasters from 1950-2001. Howver, they account for only 9% of the human cost, paling in comparison to famine, which killed 42% of people, but accounts for only 4% of the total damage over those years.
While only 75,252 lives were lost per year in the 90s, as opposed to 86,328 annually in the 80s, an average of 211 million people a year touched by natural disaster in the 90s -- up from 147 million in the 80s.
There are three times more natural disasters now than there ever were in the 1960s and the economic impact has increased by a factor of nine over the same period.
With the prevelence of natural disasters skyrocketing and the amount of lives effected increasing by the decade, one can't help but think of how to protect their family's future in case they find themselves caught in nature's fury.
The good news is, all five major Canadian insurance companies we surveyed will cover death in the event of a natural disaster. The one caveat is, the natural disaster cannot occur in a place that already has a travel exclusion--like a war zone.
Get your own free insurance quote at our Term Life Instant Quote Page, or call the office at 1-866-899-4849.
January 14th, 2010
Guaranteed-Issue, Simplified Issue
What's the difference?
Credit: Lee
There is much confusion when it comes to non-medical life insurance. Many people assume that non-medical life insurance means that there are no health questions whatsoever. Some policies do fall into this category. However, non-medical life insurance can generally be broken down into two categories:
1. Guaranteed-Issue Coverage, where there are no health questions, and no medical tests.
2. Simplified-Issue Coverage, where there are a limited number of health and lifestyle questions and there are no medical tests.
The chart below offers a snapshot comparison between the two life insurance plans:
Simplified-Issue
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Guaranteed-Issue
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No medical tests
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No medical tests
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3-15 health and lifestyle questions
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No health and lifestyle questions
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Face amounts can be up to $150,000
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Face amounts are usually limited to $25,000
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Discounts to non-smokers
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Smokers and non-smokers are priced the same.
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Lower premiums than Guaranteed Issue Coverage
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Higher Premiums
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If you have any additional questions, you can contact us at 1-866-899-4849, or visit our Non-medical Life Insurance Quote Page.
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2 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
Unity Life of Canada joined the Foresters family in April 2008 and as of Jan 23 2012 changed their name to Foresters Life Insurance Company.
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 5th, 2010
Our brokers operate under the philosophy, that clients want to buy but don't want to be sold. Our brokers and clients both win because our team follows the principals below:
1. Under promise and over deliver. By following this mantra, clients never feel cheated. Our brokers know they can deliver on their word.
2. Independent analysis. Our brokers are not skewed in their advice and are not limited by company quotas. They work with over 13 different carriers, which insures that our clients get the best possible value.
3. Strong relationships with underwriters. Our brokers are not simply order takers. They work with underwriters from the major insurance carriers to ensure each application is looked at on its own individual merit.
4. Back-end support. Our brokers are equipped with industry leading technical and administrative support.
5. Commitment to excellence. This one is for our brokers. It means that our brokers will grow with our clients, many of whom are happy to refer them with the confidence of knowing that they will be passing along the name of an individual who provides top notch service.
If you have any questions or would like to meet with an LSM broker, please contact us at 1-866-899-4849 or e-mail us at
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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