Life Insurance Canada News:

Latest posts


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 ...
Continue reading

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 ...
Continue reading
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 ...
Continue reading

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 ...
Continue reading
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 ...
Continue reading
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 ...
Continue reading
embedded life insurance commissions

The Pros and Cons of Banning Embedded Commissions

Morning Star defines embedded sales commissions (also known as trailer fees) “as service commissions paid by the mutual fund company to the sales representative managing your mutual funds. This commission is paid as long as you hold units in the fund. Commissions generally range from 0.25% to 1% and are paid out of the management fund's expenses. The trailer fee compensates the advisor for ongoing service. These services can include, answering questions about the performance of your ...
Continue reading

We’ve Got The Answers: What is Term Life Insurance?

Today's Question: What is term life insurance? Life Insurance can generally be broken down into two categories: term insurance and permanent insurance. With term life insurance, the premiums start off at a lower cost, but increase as you get older. Whereas with permanent life insurance, the premiums start off at a higher cost, but remain level for life. The type of insurance that best suits an individual depends solely on that individuals needs. Considering a term life insurance ...
Continue reading
top reason life insurance is declined

Top Reasons Your Life Insurance Will Get Denied

Life Insurance is designed to provide a financial safety net to the ones left behind in the unfortunate event of death. However, there may be instances when an insurance claim is denied. The best way to avoid this from happening is to follow the rules. Understand your policy and follow these simple rules to ensure your investment in your family's future will be protected. 1. Lying On Your Application Leaving out certain items or fudging the truth a bit might sound harmless enough, but ...
Continue reading
life insurance and acts of terrorism

Why Acts Of Terrorism Are A Small Risk For The Life Insurance Industry

Acts of terrorism seem to be a daily event these days. These attacks have caused the insurance industry to suffer massive losses due to property damage. But, how has this affected life insurance? For the most part, the impact on life insurance has been minimal. Not because people haven't lost their lives in terrorist attacks, but because the risk of dying from an act of terrorism are very slim. As seen in this instagram, heart and cardiovascular disorders are by far the greatest threats ...
Continue reading