Life Insurance Canada News:

News from 2010

Guaranteed Issue vs. Simplified Issue: A Snap-Shot Comparison

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 ...
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Business By Design’s Retirement Plan for Small Business

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 ...
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Term 100 Coverage versus Universal Life Insurance

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 ...
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Life Insurance for Smokers vs. Non-Smokers

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 ...
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How LSM Brokers and Clients Both Win

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 ...
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Mortgage Insurance vs. Term Life Insurance

Many Canadians sign up for the bank’s mortgage life insurance without fully examining their options. The chart below gives a quick snapshot of the differences. In addition to the benefits listed below you could be paying thousands of dollars more in insurance premiums over the life of mortgage by taking out the banks plan. You can get an instant quote and compare for yourself at our free Term Life Instant Quote Page. You can also call us at 1.866.899.4849 to find out about ...
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Benefit By Design Inc.: A Closer Look

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. Benepac A group insurance benefits program that gives front-line agents the power to target small and mid-sized businesses. Life Insurance Group life insurance provides financial assistance in the event ...
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Underwriting Guidelines: Alcoholism is Not a Barrier to Life Insurance

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. The following is the list of criteria they would be assessing: Current ...
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