Life Insurance Canada News Archives

Life Insurance Mistakes Can be Costly

Back in June, the story of Bob Lavigne’s struggle to have the insurance company honour his fiancée’s life insurance policy was first posted. Bob’s fiancée, Consuelo Hermogino, was diagnosed with lung cancer seven months after being reunited with her children, who had come from Taiwan to live with her and Bob, their soon-to-be stepfather. An...

Beneficial Changes To Plans Help With Insurance Challenges

Life insurance plans have changed over the last 20 years, but most people would agree that it was a change that was needed. Two decades ago, a person of advanced age or with a pre-existing medical condition had very little opportunity to get life insurance at a reasonable rate. These days, with the promotion of...

Why Insurance Brokers Are Selling Disability Insurance

“There is no time like the present.” Over the years, this quaint idiom has meant many things to many people, but perhaps it's the life insurance broker who has truly exemplified its meaning. A career trying to sell people on an idea that they're too scared or sometimes too naïve to face can be a tough living.

Rejected for Life Insurance

No one expects to be rejected for life insurance coverage and when it happens, it can come as quite a shock. Insurers can deny coverage for many reasons: high-risk behavior, financial issues, and, one of the most common reasons, medical concerns.

What Is Critical Illness Insurance?

“People don’t need insurance because they are going to die… They need it because they are going to live.” – Dr. Marius Barnard Dr. Christiaan Barnard performed the world’s first adult heart transplant in South Africa in 1967. His lesser-known brother, Dr. Marius Barnard, also a heart surgeon, developed critical illness insurance. He developed this...

Top 10 Insurance Jokes

Humour is a very subjective topic. It’s the same as art — what one person finds entertaining might sound dull or even offensive to another.

Declined for Disability Insurance? RBC Insurance Has the Answer

RBC Insurance offers disability coverage to workers who traditionally don’t qualify. If a long-term disability befalls you and you are unable to work or earn an income, it is truly devastating to your survival. Disability insurance is designed to protect you from these circumstances and cover your loss of income when you are unable to...

Life Insurance and Bankruptcy

What to know about life insurance when facing bankruptcy. If there’s one thing the recent recession has taught us, it’s that it’s possible to recover from almost any financial disaster. The 2008 recession saw many Canadian families lose their jobs, their cars, and their homes. In Ontario, many small towns struggled with the loss of...

The Best and Worst Life Insurance Policies in Canada

Life insurance may not be on the top of anyone’s expenses list, but when it’s time to invest in your family’s future, you want to know you’re getting the best coverage at the best price rather than a huge monthly expense. Before you hand the cash to just any broker, you need to first determine...

Are Canadian Families Insuring Their Increasing Debt Loads?

Talk to an insurance agent about insuring your debt, which is a critical step in financial planning These days, it seems that Canadians have to work harder to make ends meet. According to an August 2011 article in MoneySense magazine, a family can expect to spend approximately $243,660 to raise a child from newborn to...

Life Insurance and Estate Freezes

As we get older, we become increasingly aware of the need to pave the way for the next generation. When it comes to estate planning, there is no one-size-fits-all package. While some estates are straightforward and require only a will and two executors, others can be incredibly complex, dealing with business and investment assets and...

Which Whole Life Policy is Best?

LSM helps readers between whole life insurance options Non-participating whole life policies are a form of coverage where there is a guaranteed cash value, but they do not pay out an annual cash dividend. These types of policies mainly have fixed premium rates, but recently, there has been a trend towards adjustable premium rates —...