Transamerica Life Canada

Increasing Longevity and Life Insurance

The Globe and Mail reports that a group of scientists in New York may have found the fountain of youth. Researchers at the Albert Einstein College of Medicine have discovered that by manipulating a protein in the hypothalamus in the brain of rats, they can extend the rats’ lifespan by 20 years, and during that time,...
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How Much Does a Children’s Life Insurance Policy Cost?

You can affordably insure your children A Children’s Life Insurance policy can be a great way to protect your child’s future insurability, and it offers some valuable benefits. However, the challenge can be fitting in the cost with your other financial objectives, but the good news is that a Child Life plan can accommodate almost...
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Term Life Insurance: Which Companies Offer Preferred Rates?

Preferred rates are offered to individuals who are in very good health who have exemplary family health history. Preferred rates can lower insurance premiums by up to 35 per cent. You can find more details on whether you are likely to qualify for preferred rates here. The following is a listing of the leading life insurance...
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ORNGE CEO Chris Mazza’s $10 million life insurance policy cost taxpayers $28,000

Chris Mazza’s controversiallife insurance policy. According to the Toronto Star, a $10 million life insurance policy on former ORNGE Chief Executive, Dr. Chris Maza, cost taxpayers only $28,000, but the beneficiary is still raising questions. Many wonder why the policy was purchased in the first place and why the beneficiary was a now bankrupt, for-profit...
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Term Life Insurance and What to Look Out For: Tips from an Industry Veteran

Ami Maishlish has been involved with the insurance industry since 1974. He is president and CEO of CompuOffice Software Inc., a software firm that creates various software tools for the insurance industry. His company’s LifeGuide(R) Professional Software, which is the most advanced independent life insurance software, is used by thousands of the top life insurance...
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How are Lengthening Lifespans Impacting Insurance Rates?

Statistics Canada reports that both men and women are living longer than ever before. Men’s life expectancy has gone up 0.2 years since 2005–2007 to 78.5 years, while women’s life expectancy has gone up 0.1 years over that same period to 83.1 years. People living longer should mean a decrease in life insurance rates, but...
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Transamerica life Canada Adds a New Critical Illness Rider

As reported in the September 2012 issue of The Insurance and Investment Journal, Transamerica Life Canada has introduced a critical illness rider that can be added to all of its term and universal life insurance policies effective August 27, 2012. However, Transamerica is not offering the product as a standalone option — only as a rider....
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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...
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Universal Life Insurance for Women

Universal life insurance rates for women differ from those of men because females tend to live much longer. According to Statistics Canada, women actually live 4.7 years longer than men, which is why universal life rates are less for females than they are for males. Universal Life policies separate  the investment component from the insurance...
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Term Insurance Rates Cheaper Than Ever

As reported in the March 2012 issue of The Insurance and Investment Journal, 10-year term life insurance rates have reduced in cost drastically over the years. The article cites many examples of companies that have significantly reduced their premiums. Transamerica Life for example, offered a 40-year-old, male non-smoker $500,000 of Term 10 coverage in 1998...
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