Life Insurance Canada News

What Long-Term Care Insurance Options do Canadians Have in 2021?

Why there is a need in long-term care insurance After age 65 there is a 74% chance of needing long-term care in the future. It’s not just seniors worrying about this; more than 40 per cent of Canadians worry about how to provide, and afford, care for their parents as they age. Seniors are worried...
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A Closer Look at RBC Insurance and its Life and Living Benefits Products

Today we are looking in depth at the products of RBC insurance and discussing them with Thomas Juha, Senior Sales Consultant, Life & Living Benefits; Chris Kalman, Inside Sales Consultant, Life & Living Benefits; and Alfred Moreno, Sales Support Representative, Life & Living Benefits. They share their perspective on the following RBC insurance products: RBC...
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What Makes Assumption Life’s Final Expense Solution Different?

Today we are discussing Assumption Life’s Final Expense Solution with two Assumption Life experts: Cameron Walker (Senior Product Manager, Individual Insurance) and Daniel Audet (Associate Vice-President, Individual Insurance and Investments). Here are their answers about the product: How has the final expense marketplace changed in Canada in recent years? More than 5 million Canadians will...
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Guaranteed Insurance – Hidden Traps and Best Companies

Those without access to traditionally underwritten insurance products can apply for guaranteed issue life insurance. It is specifically designed for high-risk individuals. To help answer the many questions regarding guaranteed issue insurance, and why it is priced higher than other products, we’ve asked several professionals to weigh in. We specifically asked them: What hidden traps...
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Guaranteed Insurance – What Is It and How to Get the Best Rate: Expert Views

Guaranteed life insurance is a purpose-built product to help insure those without access to traditional underwriting. As this product is designed to insure high-risk individuals, there are a lot of questions regarding who it is best for and why the premiums are higher than other products. Today we ask several professionals: When is it best...
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Innovation in Life Insurance, Example – Specialty Life Insurance

Specialty Life Insurance: Background Specialty Life Insurance (SLi) is a very unique life insurance company that is completely focused on one demographic – those that have trouble getting traditionally underwritten coverage. To help everyone get the coverage they need, SLi specializes in No Medical life insurance. Evolution is a new product created by SLi. Evolution...
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Life Insurance and COVID Vaccines – What We Know Today

No nation has been spared the impact of COVID-19 and Canada is no exception. With over 100 million cases and over 2.5 million of deaths, the news of approved vaccines and the subsequent rollout is more than welcome. The vaccines mean a light at the end of a long, dark, scary tunnel. The vaccines will...
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Disability Insurance – Why Do You Need it: Expert Opinions

A number of industry experts and thought leaders weigh in on why disability insurance is important for Canadians. Click on the thought leader’s picture below to explore their perspective or click here to see the summary. Cory Budovitch: “A machine that would produce 10 million over the next 25 years” Many people feel like their...
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Participating Life Insurance – Everything You Must Know

What is participating life insurance? Participating life insurance is a policy that pays dividends to a policyholder, allowing them to benefit from the profitability of an insurance company. Typically, a participating life insurance policy is a whole life insurance policy that comes with both an insurance component and cash accumulation component (unlike term life insurance...
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Corporate Owned Life Insurance: Everything You Must Know – and More

Life insurance sounds boring and straightforward right? Not so fast! When you have corporate owned life insurance, it gets a lot more interesting. Why? Because it directly involves reducing and eliminating tax. Now that I have peaked your interest let’s do a deeper dive into the ins and outs of corporate owned life insurance. Corporate...
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