Permanent Insurance:

News from 2009

Canadian Tire Life Insurance: Conveinence Comes at a Price

Canadian Tire started offering term life insurance, underwritten by Canada Life, in 2005. In March of 2009, they tweaked the details of the plan and began rolling out a new marketing campaign, complete with TV commercials. On the plus side the plan is available with no medical tests but does have a series of health questions. The convenience of not have to meet with a nurse comes at a steep price. Canadian Tire's term life plan is nearly double the cost of competing Term plans. ...
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Canada’s Best Universal Life Policies

"You wanted the best, you got the best!" is not just a line that works for rock 'n' roll, but Universal Life insurance as well. The following is a list of Canada's top Universal Life policies for a 40-year-old male non-smoker, and a 40-year-old female non-smoker at coverage amounts of $250,000.00, with a level cost of insurance option. Universal life policies are available with either an increasing cost of insurance option, or a level cost option. The level cost option guarantees the ...
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Whole Life Insurance for Children: A detailed look at Canadian Insurance Companies

Whole Life insurance can provide a valuable option for individuals looking for lifetime protection, fixed premiums and a tax sheltered savings component. Participating Whole Life policies allow the insured to participate in the profits of the insurance company. By taking out a policy on a child, the insurance can benefit in the following three ways: 1. They lock in at a low cost. 2. The policy can be paid up in a limited number of years. 3. It allows the insured to lock in at their ...
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Understanding Limited-pay Whole Life Insurance Plans

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. Limited-pay Whole Life insurance plans provide guaranteed level premiums, lifetime protection and the policies are guaranteed paid-up after a limited number of years. UPDATE: These policies haverecently been in the Canadian industry spotlight in Canada. Historically low interest rates have reduced profitability on these plans and forced many ...
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