Life Insurance FAQ

Whole Life Insurance and Taxes: Everything You Must Know

Whole life insurance has tax saving efficiencies, but those efficiencies are often very misunderstood. To gain an understanding on how best to leverage your savings in a tax-sheltered whole life insurance policy, we talked to Cory Budovitch, Owner of Budovitch Legacy Planners Inc. and Brent Swatuk, Advanced Case Consultant at Equitable Life. Both of these...
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We’ve Got The Answers: What Are My Life Insurance Options if I am New to Canada?

Canada has always been a country full of diversity and culture. In recent years, we have seen an influx of immigrants looking for new opportunities within Canada. When migrating to Canada, there is a plethora of forms and documentation required and recommendations given to aid those in securing a safe and comfortable life here. A life...
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How To Enhance The Client Experience

We reached out to life insurance industry veteran and esteemed professional development expert Jim Ruta to shed some light on how advisors can add more value to their client interactions. If you are an agent or broker looking to impress your clients and provide stellar service, check out his tips below: 1) What are some...
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What to Consider When Buying Mortgage Insurance – Q&A With Sean Cooper

A little over a year ago, I achieved financial freedom when I paid off my 30-year mortgage in just 3 years by age 30. I celebrated by burning my mortgage papers on national T.V. My story went viral, making headlines around the world. I received dozens of emails both congratulating me and wanting to follow...
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We’ve Got The Answers: I Was Recently Declined, What Are My Options?

Today’s Question: I was recently declined for Life Insurance, what are my options? If you were recently declined for life insurance, there is no need to panic; there are options. You need to first figure out why you were declined – doing so will aid you in taking the next few steps. If you were...
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8 Most Common Reasons Your Life Insurance Application Will Be Declined

For some people, getting the life insurance coverage they need is not easy. Factors such as health conditions and lifestyle choices play an important role in determining whether or not a company sees you as a qualified candidate. Lying on your application to hide potentially damaging facts won’t help. It might get you a great...
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What To Do When Your Life Insurance Policy Lapses

What happens to your life insurance coverage if your policy lapses? Will your insurance company be responsible for paying the death benefit on the insured’s life if they suddenly pass away? Don’t bank on it. If you’ve missed the premium payments for your life insurance policy, and haven’t made the missed premium up within a...
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Top 5 Term Life Insurance Mistakes People Make

Sometimes it’s easy to make the following mistakes when you make a term life insurance purchase, or it could be that you didn’t do it right. Most clients are unfamiliar with life insurance and usually require the assistance of an agent to aid them in the process. In our previous article, Independent Agent vs. Captive Agent,...
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Does Life Insurance Pay Out for Acts of War?

When you buy life insurance, essentially what you receive from your broker is a promise. It's a promise to be there for you and most importantly, your beneficiaries. But when all you see in the news...
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Top 5 Most Asked Questions for Smokers

Are you a tobacco, cigar or e-cigarette user who's curious to read what insurance companies have to say about insuring you? Well, look no further! We have some useful information regarding this topic.
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