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News from 2015

The Basics of Critical Illness Insurance

Life is great isn’t it? You’re working hard to support your young family. You just bought your new dreamhome and got the promotion you’ve been waiting for. Then BAM! You’re diagnosed with cancer. Whatwill you do then? If you don’t have the proper insurance coverage in place you may find yourself in a detrimentalsituation. When you’re shopping for insurance you want to make sure you cover all your bases and one veryimportant coverage is critical illness ...
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7 Tricks to Reduce Group Insurance Rates for Small Business

Health insurance is a double edged sword for most businesses but more so for small businesses with a limited cash flow. On the one side, it’s a major expense just to be able to do business. On the other, it’s not something they can do away with if they want to keep key employees. The best employees know the importance of health care benefits and if it gets cut, they’ll leave and work for another business that has a package in place. Employees are the most valuable part of a business, ...
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Disability Insurance Definition Demystified thumbnail

INFOGRAPHIC: Disability Insurance Demystified

As explained in our infographic below, there are some important definitions and points in a disability insurance policy that would confuse an applicant because of the fine print involved, or in a worse-case scenerio, prevent them from paying you a cent because you didn't understand the insurance contract.
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diseases covered by critical illness insurance

INFOGRAPHIC: Diseases Covered By Critical Illness Insurance Policies

Many Canadians are unaware of how Critical Illness (CI) Insurance should fit into their financial plan. Hopefully our latest infographic helps shed some light on the diseases that are typically covered under a CI policy:
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Record Debt Levels and Their Impact on Life Insurance Companies

Record Debt Levels and Their Impact on Life Insurance Companies

You’ve probably heard about how we’re dealing with record debt levels in Canada, but how does this impact life insurance companies and you as an individual or family? To help answer this question, we’ll take a look at how the debt level is calculated, how it affects Canadians, and how it impacts life insurance companies. How Debt Level is Calculated The two factors used in the debt level equation are household credit and disposable income. • Household credit: Credit such as ...
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medical marijuana health insurance

Should Medical Marijuana Be Covered Under Private Health Insurance Plans?

Marijuana legalization has been a major political talking point in Canada recently. But, what many people don’t know is that marijuana use for medical purposes has been legal in Canada ever since 2000, when a landmark court ruling struck down the prohibition of medical marijuana. The use of marijuana, also known as cannabis, as a medicinal drug dates back centuries in many cultures. More recent studies have shown that marijuana can provide medical therapy for a myriad of diseases, ...
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Term Insurance To Age 80: Making Life Insurance Simpler

If you have a family, or loved ones that you want to protect in the event of your death, you have probably considered life insurance. There are a myriad of options available including permanent life insurance and term life insurance. Term life insurance is simple and easy to understand and generally have predictable and very affordable premiums. It can be a great complement to permanent life insurance if that coverage doesn’t give you a large enough dollar amount to fulfill your life ...
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6 Insurance Policies Self-Employed Professionals Should Consider

Being self-employed has its perks. You have a flexible schedule, control your own income potential and make decisions based on your own self-interests. But, when it comes to being insured, that’s where being self-employed can be a little tricky. Working for an employer usually allows you to be a part of a group insurance plan that covers you and your family for a variety of insurance products. If you decide to take the self-employed route, you will usually be cut off from these group ...
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5 Medications That Could Affect Your Life Insurance Application

If you are taking powerful medications for a serious illness or condition, it may not be easy for you to get a life insurance policy at the standard premium rate. This is because many of these medications have side effects that could negatively affect the user, making it more risky for an insurance carrier to cover them. During the underwriting process for a life insurance policy, many insurance companies will want to know if you are currently taking any medications. If you answer in ...
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5 Extreme Sports That Can Make It Tough To Get Insurance

If you participate in extreme sports, getting life and disability insurance is absolutely necessary. There have been countless cases, such as this one involving skydiver Kenzie Markey, where an uninsured person participating in an extreme sport suffered serious injuries and racked up expensive medical bills during treatment. Unfortunately, it’s not easy getting life or disability insurance if you’re involved in dangerous sports that can result in serious injury or death. During the ...
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