Life Insurance Canada News:

News from 2017


We’ve Got The Answers: How Does Accidental Life Insurance Work?

Today's Question: How does accidental life insurance work? First of all, to understand how accidental life insurance works, you have to know what exactly it is. If you are unsure, we did an article for MoneySense Magazine that discussed the premise of accidental life insurance that you can check out here. The key with accidental life insurance is that it is a very profitable product for the insurance company because very few people die by accident. In my mind the bigger issue on ...
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We’ve Got The Answers: How does a Life Insurance Waiting Period Work?

Today's Question: How does a life insurance waiting period work? Generally, most life insurance policies do not have a waiting period, however, there are certain types of policies that do. No medical policies, where there is no medical test and a series of health questions, do have a waiting period. So, how exactly would a waiting period work? If the insurer were to pass away within the first two policy years, the death benefit is limited to a return of premium plus, depending on ...
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High sugar intake can increase depression in men

Study Suggests Excessive Sugar Intake Could Increase the Risk Of Depression in Men

Researchers have discovered a profound link between the consumption of sugar and depression in men. Women, however didn't show this association. Quite the opposite, in fact. This study may prove the age-old belief that women need more sugar than men. The study was conducted over a 23 year period by researchers from University College London (UCL) with a control group of 5000 men and 2000 women. Diets and common mental health problems were examined and the results revealed that men who ...
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Disability Insurance Facts

10 Facts You Need To Know About Disability Coverage

Imagine not being able to work and earn a living for your family. It's not something most people want to think about on a daily basis. Protecting your livelihood with adequate disability insurance can mean the difference between maintaining your standard of life or being forced to make drastic cuts in household spending after being hit with a life-changing injury or illness. Your ability to earn a income is your single greatest insurable need. Being prepared for the worst and having ...
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We’ve Got The Answers: Can I Qualify for Life Insurance with a Pre-Existing Condition?

Today's Question: Can I qualify for Life Insurance with a pre-existing condition? The short answer is, yes you can definitely qualify for coverage. However, the type of plan and the company will depend on the type of pre-existing condition and the severity of that condition. Conditions such as cholesterol or high blood pressure are generally considered very mild, ergo; you should be able to qualify for a fully underwritten plan. With more severe conditions, such as insulin ...
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We’ve Got The Answers: How do I Survive on a Commission Based Income?

Today's Question: How do I survive on a commission based income? This question came to me from a new broker and it certainly pertains to a large volume of individuals, from brokers to sales personnel. If I look back 24 years ago when I started, I really learned a multitude of things from Brian Tracy, Tom Hopkins, and a plethora of other great professionals in this industry and the sales industry. They really promoted a concept that I took home- focus on the activities that are going to ...
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life insurance with cancer

What is Cancer Insurance?

According to a new report from the Canadian Cancer Society, approximately one out of every two Canadians will be diagnosed with cancer during their lifetime, and one in four are likely to die from the disease. The report estimates that 206,200 new cases of some form of cancer will be diagnosed this year and an estimated 80,800 will not survive. This makes cancer the leading cause of death in Canada. "Currently, every year we're seeing an increase in the number of cancer cases in ...
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We’ve Got The Answers: My Policy has a Travel Exclusion, What are My Options?

Today's Question: My policy has a travel exclusion, what are my options? When applying for a life insurance policy, you are typically asked to answer a series of health questions and a series of life style questions. The area of travel, more often, falls into the life style questions category. One thing to keep in mind is that travel exclusions vary from company to company. Each individual company has it own underwriting protocol and some travel companies even have different questions ...
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the power of critical illness insurance

The Power of Critical Illness Insurance

Company benefits and the Canadian Health Care System give people a sense of security. They know that if they become ill, their medical expenses will be covered. In most cases, company benefits will also provide a regular pay cheque during recovery time. So, why would anyone need critical illness insurance? The answer is simple – there are many unforeseen expenses and costs that are not covered by our government health plan or your company benefits. Plus, you could lose your job just ...
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janet gray money coach

What The Financial Experts Own – Janet Gray

Janet Gray Money Coach,Money Coaches Canada Before joining Money Coaches Canada in 2014, Janet was a Certified Financial Planner offering full service with investments, insurance and mortgages for a major Canadian institution for 13 years. Even though she no longer sells insurance/investments products, Janet still maintains her designation as a Certified Health Insurance Specialist (CHS), because she believes it informs her work as a Money Coach and Certified Financial ...
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