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Explained by an Expert: Life Insurance and Diabetes

Lorne: I have Mike Liem with me from Canada Protection Plan today. We’re talking about life insurance and the different options available. One thing we get a lot of inquiries on is diabetes. It’s a very common ailment. We get a lot of inquiries from insulin diabetics, non-insulin diabetics—how can you guys help and what are some of the options for those people? Mike: It’s an excellent question, Lorne. We deal with a lot of diabetics, whether it’s type one or type two—those are the main ...
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how-funeral-insurance-policy-works

How Does Funeral Insurance Policy Work?

We get a lot of questions on funeral insurance and how it works. In terms of funeral insurance, you can have a policy that is owned by the funeral home. Alternatively, what I’ll talk a little bit about now is an individual policy that is owned by the policy owner but is being used to cover funeral expenses. The advantages of this are that you own the policy, you choose your benefits rate, and you can even set up some of these policies where there is an increase in death benefit to help ...
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Life Insurance Claim Experience compared: RBC Insurance vs. Manulife vs. Empire Life

A personal story by Michael Mlotek In May 2019, my mother Helen Mlotek passed away. Being an independent insurance broker, I have done many death claims but this one was emotional. I had to deal with three insurance companies: RBC, Manulife, and Empire Life. The following is my experience. RBC The people at RBC were kind and sympathetic. Due to the amount of insurance, it was considered an express claim, meaning the paperwork was minimal. I was told they would try to pay the claim ...
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cpp-insurance-cancer-coverage

Explained by an Expert: Life Insurance and Cancer

Lorne: I have Mike Liem here with me from Canada Protection Plan. We’re going to talk a little about life insurance and how someone who has cancer can qualify for life insurance. I know we get a lot of inquiries on our website about people who have had cancer or whose family members have cancer. What’s the difference between going the traditional route, versus going unwritten, versus going the simplified issue route with a company like yours? Since you’re a leader in that space, if you ...
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life-insurance-drug-use-history

Life Insurance and Drug Use History

Lorne: I have Mike Liem with me from Canada Protection Plan and we’re going to talk about an issue we run into on our site and with advisors: clients and prospective clients who have a history of drug use. How would CPP treat them, how can some of those people get coverage, what are some things you are looking for? Mike: That’s an excellent question, Lorne. We get that a lot now, especially since we released our new Express Elite app. Let’s say a client tried cocaine five years ago. We ...
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Life Insurance and Heart Attack

Lorne: I’m here with Mike Liem today from Canada Protection Plan, and we’re talking about different health issues and how you can qualify for life insurance. I was going to ask you about something we get inquiries on, and that’s heart attacks. Can you still qualify for life insurance, what kind of life insurance you can get, and would CPP be a good fit? Mike: An excellent question. We do get a lot of clients with heart conditions, whether it’s a stent has been placed in, an angioplasty, ...
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how-life-insurance-works-canada

All You Need to Know About Life Insurance

I’m going to talk a little bit today about how life insurance works. It can be a bit of a basic question, but at the same time, there is a lot to look at with a life insurance policy, like the type of plan: there is term insurance, which starts off lower in cost and goes up as you get older, and then there’s permanent insurance, which starts off higher in cost and never goes up as you get older. Now, one of the things to look out for with a life insurance policy is the waiting period. A ...
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How does the CPP’s New Advisor Assist Program work?

 Lorne: Hi, I’m here with Mike Liem of Canada Protection Plan, and I wanted to talk to him a little bit about the new Advisor Assist Program and how that works. Mike: Great. Thanks again for having me, Lorne. The Advisor Assist Program came out on May 29th. It’s basically our own little better way to do business, let’s call it. We’ve decided to help advisors help themselves and help their clients because we hear the stories a lot, where, “oh, I’m an advisor and I’m going to set up my ...
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What You Must Know about the New CPP Express Elite Policy?

 Lorne: I’m with Mike Liem of Canada Protection Plan today. I know you guys have a lot of changes with your applications. I thought today would be a great day to go over some of the different plans and how your new Express Elite Program works versus your A-Z application. Mike: Great. Thanks again for having me, Lorne. Basically, the Express Elite was introduced on May 29th, and it’s targeted for healthy people ages 18-60. If someone turned 20 or turned 30 asks for the half-million-dollar ...
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All You Must Know about CPP’s A-Z Program and App

 Lorne: I’m here with Mike Liam today from Canada Protection Plan and we’re talking a little bit about some of their different plans. We are going to talk now about your A-Z program and how that works and how it fits in with some of the other things that you’re doing. Mike: Thanks Lorne, again, thanks for having me. The A-Z is basically our old existing app. It doesn’t change. We just renamed it because we introduced our new Express Elite app for healthy people. So, the A-Z app was ...
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