Life Insurance Canada News:

News from 2010

Rate LSM Insurance on the Web!

Since its foundation, LSM Insurance have been always client-focused. As independent brokers, we try to analyze your financial needs and prepare tailor-made insurance products to fit them. (more…)
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Tamara Humphries: Non-Medical Insurance Specialist

Tamara Humphries would be happy to help you with your non- medical insurance needs. Tamara Humphries was born in Sudbury, Ontario and has lived in many varied Ontario cities such as Kingston, Peterborough, London, Timmins, North Bay, Whitby and North York. Tamara was lucky enough to spend considerable time in nearly all of the cottage areas in this vast province, which gave her a deep appreciation for this country and all things Canadian. But it's not just her deep-seated passion for ...
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Women’s vs. Men’s Term Life Insurance in Canada

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. Term life insurance provides affordable insurance premiums for a stated term, such as 10 years, 15 years, 20 years or 30 years. The longer the term, the higher the initial premium. Most term policies are guaranteed renewable after the initial term at a much higher premium and most term policies are convertible to a Permanent Level-rate policy ...
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Whole Life Insurance for Women

Women pay a much lower premium for Whole Life policies than men. The following looks at the top three carriers for $250,000 worth of Whole Life 20-Pay coverage, i.e. the insured is covered for life and the policy is paid-up after 20 policy years. (more…)
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Manulife’s Cover Me Guaranteed Issue Life Insurance Pricing

Manulife's Cover Me policy is available with no medical tests or health questions. The applicant's acceptance is guaranteed. The policy is available in four face amount increments; $5,000, $10,000, $15,000 and $20,000. The death benefit is limited, for non-accidental death during the first to policy years, to a return-of-premium plus interest. (more…)
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Critical Illness Policies for Women in Canada

Critical Illness insurance pays a lump sum if the insured is diagnosed with a critical illness, such as cancer. The number of illnesses considered critical can vary from carrier to carrier. The type of plan (Term or Permanent) along with plan riders -- such as a return-of-premium if the insured stays healthy -- can also influence the plan premium. The following is a snapshot of Level Term to Age 75 Critical Illness coverage at $250,000. Level Term to Age 75 means that the insured will ...
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What Are Your Chances of Dying By Accident?

Accidental death insurance earns banks thousands of dollars across the country, but have you ever wondered what the real chances are of a person dying by accident? Across Canada, only 4.23% of people actually die by accident. According to Statistics Canada, that breaks down to 5,749 men and 3,891 women. Among the provinces, Alberta holds the title for the most accidental deaths in Canada at 4.45%. Almost 6% of men (5.55%) and 3% of women (3.23%) die by accident every year, which is 569 ...
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Canada Life Dividend Scale Announcement for Policy holders in 2011

Canada Life has just announced that the dividend scale interest rate for 2011 will continue to be 7.36 per cent. The dividend scale interest rate is used to calculate the investment component of participating policyowner dividends. Participating policyowner dividends are estimated to be valued at $125 million in 2011, compared with the estimated distribution of $116 million in 2010. I'm sure you're wondering how this is possible given that fixed-income investment returns have ...
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HSBC: No Medical Term Life Insurance Policies

HSBC offers non-medical Term 10 and Term 20 life insurance policies. The policies are underwritten by Household Life Insurance Company. Plans are available with a maximum face amount of $250,000. While the policies are available without a medical, the plan does have seven health questions, which include a wide variety of health topics. The plan can be a good fit for healthy individuals, looking for term life insurance, who are willing to pay an extra premium to void the inconvenience ...
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Costco Term Life Insurance Policy

Costco members between the ages of 18 and 70 can apply for term life insurance for themselves or their spouses for up to $500,000. The policies are priced in $25,000 increments and the minimum face amount is $50,000. Additional policy features. 1. The insured can get up to $100,000 if they are diagnosed with a terminal illness. (The policy must be in effect for at least two years for this feature to kick-in) 2. Discounts are given to non-smokers, but preferred rates are not ...
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