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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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10 Tips For No Medical Insurance Shoppers (Infographic)

Have you been told by an insurance advisor that you are ineligible for life insurance? Fear not, you may have some options. Not all advisors distribute no medical life insurance or they may overlook this type of policy when advising their high-risk clients. No medical policies cover your life like a traditional life insurance policy, without having to complete medical tests during the application process. Some plans will ask a few questions, others ask no questions at all. These plans ...
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Obesity Rates Around the World (Infographic)

Obesity is not a disease, but it can lead to a wide range of health conditions such as diabetes, liver disease, hypertension and cardiovascular disease, as well as breast, colon and prostate cancer. Obesity is classified as having a body mass index over 30 kg/m2. The problem exists all over the world and has seen a steady increase over the past few decades. According to the CIA’s World Factbook, the most obese countries are smaller nations such as American Samoa (74.6%), Nauru (71%), Cook ...
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How Much Commission Does Your Agent Get Paid?

Life insurance commissions have been a recent hot topic in the Canadian personal finance community. Certain types of policies pay more first year commission (FYC) than others and this creates the potential for some unscrupulous advisors to give bad advice to their unassuming clients. Consumers have the right to know how their agent is compensated for the type of coverage they are taking out. The risk of a few bad agents recommending only high-paying products is real, so consumers should be ...
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INFOGRAPHIC: How Much Does a Funeral Cost in Canada?

As explained in our infographic below, there many costs associated with a funeral in Canada including transportation and flowers to name a few. Young or old, you can still fund a funeral by using your life insurance to cover the costs:
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INFOGRAPHIC: Top 5 Reasons To Buy Life Insurance

Check out the infographic below for our Top 5 Reasons To Buy Life Insurance. We explain the need to protect yourself from unpredictable future financial losses and health issues that can affect your insurability. Getting life insurance locked in at low rates and reviewing policies at least once a year to keep coverage up to par are also key reasons that made the list. The Top 5 Reasons were previously featured by Pattie Lovett-Reid on CTV Canada AM.
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Disability Insurance Definition Demystified thumbnail

INFOGRAPHIC: Disability Insurance Demystified

As explained in our infographic below, there are some important definitions and points in a disability insurance policy that would confuse an applicant because of the fine print involved, or in a worse-case scenerio, prevent them from paying you a cent because you didn't understand the insurance contract.
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diseases covered by critical illness insurance

INFOGRAPHIC: Diseases Covered By Critical Illness Insurance Policies

Many Canadians are unaware of how Critical Illness (CI) Insurance should fit into their financial plan. Hopefully our latest infographic helps shed some light on the diseases that are typically covered under a CI policy:
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Should You Invest In An Insured Annuity or a GIC?

Insured annuities and GICs are great ways to ensure your income in your retired years. For those that don't know an insured annuity is practically both a prescribed life annuity combined with a term life insurance policy. The life annuity provides a guaranteed income stream. On the other hand, the term life insurance policy provides a cash payout upon a death claim. A GIC, otherwise known as a guaranteed investment certificate, is an investment that offers a guaranteed rate of return over ...
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The Ins & Outs Of Guaranteed Issue Life Insurance

Guaranteed Issue Life Insurance is a no medical life insurance plan that does not require a medical test, or health questions, in order to get approved. This is similar to a Simplified Issue plan. The difference between the two is that a Simplified Issue plan requires a health questionnaire to be answered before approval. A Guaranteed Issue Life Insurance policy is a great fit for those that are already ill or have recently been diagnosed with a serious medical condition such as, ...
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