Life Insurance Canada News

Life Insurance for Accountants

There are approximately 361,128 accountants working across Canada, according to statistics provided by the Canadian Government. They make, on average, a salary of $26.27 an hour. Typically, accountants are the arbiters of our financial future, determining our budgets and how much money we take in versus how much we take out. Life insurance can cushion...
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How to Sell Your Book of Business

As insurance and investment advisors reach retirement age, they start thinking about divesting their books of business and selling it to the next advisor who can manage the needs of their various clients. However, there are a few things every advisor should know going in when they’re about to take the plunge and sell their...
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Life Insurance for Doctors

According to the Canadian Government, there are 111,843 doctors working across the country. GPs and family physicians make an average of $79 an hour, while specialists take in about $117 an hour. All of them would be better served by life insurance to protect the future of their families. Life insurance can be broken down...
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What To Do Before Your Life Insurance Medical Test

When applying for life insurance, the insured often has to complete medical tests. These medical tests can include blood pressure checks, blood profile tests, urine analyses, or ecocardiograms. Though these tests are harmless, they should still be taken seriously and adequately prepared for. Some of the things the insured should keep in mind before completing...
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Standard Life will No Longer Sell Individual Life Insurance and Critical Illness Policies

Standard Life will not sell individual life insurance in the new year. Effective January 1, 2012, Standard Life will no longer sell individual life insurance and critical illness policies. However, the company will still serve those holding existing policies and applications received right up until December 31 and will still own that block of business...
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Life Insurance for Lawyers

According to the Canadian Government, there are approximately 77,935 lawyers working across Canada, 93% of whom work full-time and make a median hourly wage of $40 — exactly double all the other occupations. This translates to just under 80,000 lawyers who could potentially need life insurance. Life insurance can be broken down into two categories...
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Canada’s Net-Worth Tops the United States

As reported in the December/January 2012 issue of Money Sense, Canada’s average median citizen’s net worth has topped the United states. A Credit Suisse 2011 Global Report found that Canadians are now officially wealthier than Americans. The median net-worth per adult in Canada is $89,014 US, but in America, it’s $52,752 US. The median amount...
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Household Debt Ratio Continues to Soar in Canada

As reported in the December/January 2012 issue of Money Sense, based on stats from OECD collected in 2009, but released in September 2011, Canada now has a higher household debt ratio than any other country in the G7 except the United Kingdom: Household Debt as a Percentage of Disposable Income U.K. 170.7% Canada 148.4% U.S. 127.2%...
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Tips for Scoring Well on your Life Insurance Medical Exam

Life insurance applications are often accompanied by medical tests. The following are some tips for passing the most common life insurance medical tests: Blood Pressure The best readings are taken in your least stressful environment. Try and minimize any caffeine, as this can impact blood pressure readings, along with stress. If you require an oversized...
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BMO Critical Illness Insurance

BMO Insurance has five critical illness plans BMO insurance offers five Critical Illness plans. The minimum face amount for each of the five plans is $25,000. The maximum issue limit is $2 million for the first four plans and $1 million for their 15-pay Living Benefit 100 Critical Illness policy. The first of the plans...
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