Life Insurance Canada News:

News from 2012

Desjardins Insurance Announces Rate Changes for its Permanent Products

Just like a spate of other insurance companies in these times of high interest rates, Desjardins Insurance is modifying its permanent insurance and critical illness insurance products. But, unlike many of their competitors, Desjardins is not getting rid of its permanent insurance line-up all together. Instead, the average increase in permanent insurance rates will be between 5% and 7% on the following products: (more…)
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BMO Insurance: Term 100 Plus Guaranteed Insurance

BMO Insurance offers a fully guaranteed permanent non-participating whole life plan offering level coverage and guaranteed premiums payable to age 100. At age 100, the policy is fully paid-up. Term 100 life insurance can be ideal to cover permanent life insurance needs, which can include estate planning or final expenses. The policy has guaranteed premiums, so it can be ideal for people on a fixed budget. Many companies have exited the Term 100 marketplace because these policies have ...
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What Is Mortgage Life Insurance?

Mortgage life insurance is insurance that can be purchase from a lending institution. The insurance pays your mortgage in the event that you pass away. Mortgage life insurance is very different from individual life insurance because the coverage declines each year or declines as the mortgage declines. Some additional differences between mortgage life insurance versus individual life insurance are the following: 1. The bank is the beneficiary. On an individual life insurance policy, the ...
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New question in Life Insurance FAQ

New question in Life Insurance FAQ:My mom and dad are over 75 can life insurance be purchased for them?Yes we insure people 85 and under. Please feel free to contact us for a quote [email protected] or 1-866-899-4849. Read more questions and answers about Life Insurance FAQ.
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Obesity Leads to More Doctor Visits Than Smoking

According to mercola.com, data collected from over 60,000 Canadians shows that obesity is worse for your health than even smoking. 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. But obesity will soon become a concern in the industry, especially if this ...
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Why Buy Permanent Life Insurance?

Permanent life insurance policies have been getting increased media attention lately, as many Canadian life insurance companies are experiencing losses on their permanent policies because of historically low interest rates. Even still, permanent policies offer many benefits to the consumer. The following are just some of the reasons that now is a great time to look at permanent insurance: (more…)
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Canada Life Limits Premium Deposit Accounts

Canada Life has announced that it will limit premium deposit accounts to $100,000. In the same way the low interest rate environment has caused insurance providers to no longer offer universal life insurance, it has also caused the $100,000 limit to be placed on Canada Life's premium deposit accounts. "A premium deposit account is a non-contractual feature offered to all policyowners. The guaranteed rate of 2.75% on deposits is no longer sustainable," says the announcement. (more…)
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The Top 20 Life Insurance Companies 2012

There are many life insurers in Canada, but only those with the highest revenue, premium income, profits and asset value make the Top 20 in the country. According to the June 2012 issue of Financial Post Business Magazine, number 20 is Penncorp Life Insurance Company. Penncorp specializes in disability insurance for Canada's blue and grey collar self-employed individuals. The company just squeaked into the list with $132.6 million in revenue, $78 million in premium revenue, $11 million ...
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Life Insurance for French Canadians

Bonjour! LSM Insurance is pleased to announce that we are equipped to assist you in Canada's other official language. Our president, Chantal Marr, is fluent in french and she will be pleased to assist you in finding the insurance plan that's right for you. Chantal is one of the 9.5 million french speaker's in the country that make up one-third of Canada's population. (more…)
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Different types of women in need of life insurance

Life insurance is not just for men anymore. Gone are the days when all the information about life insurance was skewed towards men. Chantal Marr, President of LSM Insurance, is perfectly aware of the fact that more and more women are becoming financially independent. Their lives are often full of unique challenges such as raising children, managing their household, caring for elderly parents, or balancing a career and home life. Together with their financial obligations such as loans and ...
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