Life Insurance Canada News:

News from 2010

Canada Life Cashable Annuities

Canada Life Payout Annuities share the typical annuity benefit of sustainable, guaranteed income. Most people may avoid annuities because they lack liquidity -- until now. Effective Dec. 14, 2010 and available on non-registered accrual annuities, the cashable feature allows access to cash*. This increases liquidity in retirement, while maintaining the conventional purpose of annuities – sustainable, guaranteed income. * The cashable value of the policy is calculated based on the ...
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Non-Medical Term Life Insurance Options In Canada

Canadian consumers looking for Non-medical Term life insurance in Canada should consider the following: As a rule of thumb, it's best to remember that the younger the insured, the more likely Term Life insurance is going to be available without medical tests. For older people looking for insurance, the face amounts available without medical tests are generally much lower. The following is a list of three companies which offer Non-medical Term Life insurance policies to Canadian men ...
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Universal Life Insurance For High Net-Worth Individuals

Manulife Financial recently introduced a Universal Life plan, which is geared towards high net worth individuals. The plan is called UltraVision. It's a Universal Life plan with a yearly renewable time cost of insurance structure. The plan has a minimum $25,000 a year annual deposit for the first three policy years. One of the key differences is the cost of insurance charge. Most traditional yearly renewable Term Universal Life plans charge an annual insurance fee based on the ...
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RBC Insurance’s Universal Life Children’s Term Rider

RBC Insurance's Universal Life policy is available with a level or increased cost of insurance. Both versions have a Children's Term Rider, which is available to children ages 14 days to 20 years. Benefit amounts are $5,000 to $30,000 per child. The premium for the rider does not change when additional children are added. It's the same price whether one or a dozen children are added. (more…)
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Changes to the Rates on Manulife Financial’s Universal Life Policies

Manulife Financial will be raising the premiums on their Universal Life plans, Security Life, Innovision and Limited Pay Universal Life, between 5% to 25%. The change goes into effect December 4th, 2010. Manulife will also be increasing the rates on their Term 100 policy in March of 2010. Manulife will be keeping their Term Life rates and their non-participating whole life rates. For more details in Universal Life policies in Canada, please contact us at 1-866-899-4849 or visit ...
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La Capitale’s Non-Medical Whole Life Insurance Policy

La Capitale offers a Non-medical, Simplified Issue life insurance policy to applicants between the ages of 40 and 80. The policy face amounts can be between $2,500 and $25,000. The death benefit on the policy is limited in the first two policy years, in the event of a non-accidental death, to a return of premium plus 10% interest. The insured can qualify for automatic approval if he or she can answer "no" to the following four questions: (more…)
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Elisabeth Prosper: Whole Life Insurance Specialist

Elisabeth Prosper was born and grew up in Haiti before heading to France where she completed a Master Degree in Economics at the University of Aix-En Provence. Currently, she is a fully-licensed life insurance broker and as LSM Insurance's Whole Life Insurance specialist, Elisabeth can serve her clients in three different languages -- English, French and Creole. Whole life insurance, as the name implies, is insurance which provides coverage for the policyholder's entire ...
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Chantal Marr: Term Insurance Pitfalls

Chantal Marr was born in Quebec and raised in Thornhill, Ontario. She completed her Bachelor of Arts at Laval University in Quebec City and a Bachelor of Education at the University of Western Ontario. She is bilingual in both English and French, has a passion for helping people and possess very strong organizational and leadership skills. This is why, at LSM Insurance, she is in charge of productreviews and works closely with our team of brokers. In her vital role she has seen a ...
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Whole life Insurance Policies in Canada: Are They a Good Investment?

Whole Life insurance policies generally provide premiums, which are guaranteed to never increase, and lifetime protection. The initial premiums are much higher than most Universal Life or Term Life policies. The best way to determine if a Whole Life policy is a good investment, is to calculate the policy's internal rate-of-return. (otherwise known as its IRR) The IRR calculates the annual return of a given investment. Investors want to have the highest possible return of investments. ...
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Manulife Financial’s Guaranteed Issue Life Insurance Plan

Manulife Financial's Guaranteed Issue life insurance plan has a plan that is called Cover Me. The plan is available with no medical tests and there are no health questions. Individuals who are Canadian residents between the ages of 40 and 75 are guaranteed to qualify for the coverage. The following are additional plan features of Manulife's guaranteed issue plan: (more…)
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