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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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Record Debt Levels and Their Impact on Life Insurance Companies

Record Debt Levels and Their Impact on Life Insurance Companies

You’ve probably heard about how we’re dealing with record debt levels in Canada, but how does this impact life insurance companies and you as an individual or family? To help answer this question, we’ll take a look at how the debt level is calculated, how it affects Canadians, and how it impacts life insurance companies. How Debt Level is Calculated The two factors used in the debt level equation are household credit and disposable income. • Household credit: Credit such as ...
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medical marijuana health insurance

Should Medical Marijuana Be Covered Under Private Health Insurance Plans?

Marijuana legalization has been a major political talking point in Canada recently. But, what many people don’t know is that marijuana use for medical purposes has been legal in Canada ever since 2000, when a landmark court ruling struck down the prohibition of medical marijuana. The use of marijuana, also known as cannabis, as a medicinal drug dates back centuries in many cultures. More recent studies have shown that marijuana can provide medical therapy for a myriad of diseases, ...
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Term Insurance To Age 80: Making Life Insurance Simpler

If you have a family, or loved ones that you want to protect in the event of your death, you have probably considered life insurance. There are a myriad of options available including permanent life insurance and term life insurance. Term life insurance is simple and easy to understand and generally have predictable and very affordable premiums. It can be a great complement to permanent life insurance if that coverage doesn’t give you a large enough dollar amount to fulfill your life ...
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6 Insurance Policies Self-Employed Professionals Should Consider

Being self-employed has its perks. You have a flexible schedule, control your own income potential and make decisions based on your own self-interests. But, when it comes to being insured, that’s where being self-employed can be a little tricky. Working for an employer usually allows you to be a part of a group insurance plan that covers you and your family for a variety of insurance products. If you decide to take the self-employed route, you will usually be cut off from these group ...
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5 Medications That Could Affect Your Life Insurance Application

If you are taking powerful medications for a serious illness or condition, it may not be easy for you to get a life insurance policy at the standard premium rate. This is because many of these medications have side effects that could negatively affect the user, making it more risky for an insurance carrier to cover them. During the underwriting process for a life insurance policy, many insurance companies will want to know if you are currently taking any medications. If you answer in ...
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5 Extreme Sports That Can Make It Tough To Get Insurance

If you participate in extreme sports, getting life and disability insurance is absolutely necessary. There have been countless cases, such as this one involving skydiver Kenzie Markey, where an uninsured person participating in an extreme sport suffered serious injuries and racked up expensive medical bills during treatment. Unfortunately, it’s not easy getting life or disability insurance if you’re involved in dangerous sports that can result in serious injury or death. During the ...
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6 Insurance Policies You May Need To Walk Away From

Contrary to what certain insurance brokers will try to get you to believe, buying an insurance policy for every occasion is not always a good idea. As everyone has a different need, it’s important to do some research and understand what the right type of insurance is for you. Taking out an insurance policy you likely won’t ever need is a waste of money and you would be much better off if you decided to invest that money elsewhere instead. There are also several types of insurance ...
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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 Financial Cost of Cancer and What You Can Do About It

It's not hard to guess that cancer is the leading cause of death in Canada, accounting for 30% of all deaths. It's probably no surprise to any of us that191,300 new cases of cancer and 76,600 deaths from cancer will occur in Canada in 2014. This includes 40,000 Canadian men and 36,600 women. If you break it down 524 Canadians will be diagnosed with cancer everyday and 210 die from it. It's an incredibly high cost on society -- losing good people -- and that's not counting the emotional ...
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