Permanent Insurance:

News from 2014

Is Whole Life Insurance a Good Investment?

Arguably, the most debated issue among life insurance consumers is whether whole life insurance is a good investment or whether you should instead go with a term insurance plan.This is the "To Be, Or Not to Be?" of the life insurance industry, as life insurance experts and personal finance columnists come down on either side of the issue with equal vehemence. In an effort to bring clarity to the two opposing views and try to clear up the cluttered debate so that the layman can ...
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The Pros and Cons of Permanent Life Insurance

Permanent insurance is not an insurance product that can be taken lightly. It's a product that is only right for certain insurance needs and circumstances that could help or hurt you, depending on how it is used. The Globe and Mail publisheda piece on the "Pros of Permanent Insurance" and, while all of them are true, they're only telling half of the story. We've outlined the pros and cons of permanent insurance below, so that you have all the information and can truly select the right ...
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Canadians Aren’t Confident They Have Enough Life Insurance

Most Canadians don't really understand life insurance. It's no secret that the majority of Canadians don't really understand life insurance. And now there's a survey to confirm that trend. BMO Insurance released a poll in mid-july 2014, showing that88% of Canadians are not very familiar with the different types of life insurance. In addition,while 74% of those Canadians polled have some type of insurance either through their employer or personal policies, 70% of those ...
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Universal Life Insurance Sales Shrink

Universal Life is losing the market to Whole Life. Historically low interest rates have caused many insurance companies to either raise the premiums on their universal life insurance policies or remove them from their product lineup all together. Well, these moves have consequences. And in a lot of ways, those consequences have now come home to roost, as universal life as a product category lags behind whole life insurance in terms of market share. “Most of the shift in Canadian ...
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Desjardins is Reducing its Universal Life Rates for Summer 2014

Desjardins Insurance is reducing the rates on its universal life policies until August 31, 2014. These reductions apply to the following plans under the following circumstances: Life insurance Amount of insurance Age Comments Traditional Universal Life Life 10 ...
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Term 100 Life Insurance vs. Participating Whole Life

"As attractive as term insurance might be due to the lower cost, it's important to realize that most insurance needs will require permanent coverage," wrote Tim Cestnick in his "Tax Matters"column for The Globe and Mail. Permanent policies can be divided into three distinct categories — whole life insurance, universal Life and term 100 insurance. Universal life plans offer a lot of flexibility but less in the way of guarantees. For clients looking for guarantees, Term 100 or Whole Life ...
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The Top 10 Reasons to Buy Life Insurance

Keep your house in order with these top 10 reasons to buy life insurance. The number-one question many brokers get when trying to convince a client to buy life insurance is probably, "Why do I need it?" After all, it's an invisible product and on its face, it seems like you're paying for something that you're not going to see the benefit of anyway. Well, that's not exactly true. Life insurance can benefit you while you're alive just as much as it can benefit your family when you ...
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How Much Does Life Insurance Cost: Five Real-Life Scenarios

With so many insurance calculators out there, sometimes it's important to get real. There are all kinds of life insurance calculators on the Internet, but what does it all really mean when we ask you to click on one at the end of our articles? Is it all just an elaborate sales pitch? Truth is, we're trying to help you. There are so many variables and factors that go into determining how much you'll pay for life insurance that only specific real-life circumstances will suffice in ...
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Life Insurance and HPV

Remember when actor Michael Douglas told The Guardian that his throat cancer was caused by HPV, (human papillomavirus), which he said was in turn caused by oral sex? If you need us to refresh your memory, here is the exact quote: Xan Brooks: Do you feel, in hindsight, that you overloaded your system? Overloaded your system with drugs, smoking, drink? Michael Douglas: No. No. Ah, without getting too specific, this particular cancer is caused by something called HPV, which actually ...
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Top 5 Life Insurance Mistakes

Life insurance is always a tough sell: an invisible product that the policyholder will never actually benefit from directly, and yet they still have to pay for it every month. But if you don't have it, you won't be able to make sure your family maintains the lifestyle they've become accustomed to or replace your income when you pass away. Although, just because you have life insurance, doesn't mean it's necessarily working for you in the right way. Since life insurance is such a complex ...
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