Life Insurance Canada News Archives

20 No Medical Life Insurance Tips

The No Medical Life Insurance market in Canada is exploding. More and more people are opting for the convenience of obtaining life insurance without a medical. No Medical Life Insurance policies fall into 2 categories: Guaranteed Issue (no medical exam and no health questions) Simplified Issue (no medical exam and anywhere from a 2 to 25...

How To Get A Job In the Life Insurance Industry

The Canadian life insurance industry provides a wide range of financial security products to nearly 28 million Canadians. These products include individual and group life insurance, individual and group annuities (such as RRSPs, RRIFs and TFSAs) and supplementary health coverage. This makes it a major employer, providing full or part-time jobs for approximately 150,100 Canadians....

Even Celebrities Need Life Insurance

Danica Patrick, a professional race car driver, risks her life every time she gets behind the wheel, so she knows the importance of having life insurance to protect the financial future of her loved ones. As the celebrity spokesperson for Life Insurance Awareness Month (LIAM), she hoped to inspire others to follow her lead. The...

Canada Protection Plan Increases Coverage Levels

Good news for people facing difficult roadblocks when trying to buy life insurance. Canada Protection Plan, the leading No Medical and Simplified Issue insurance provider in the country, now guarantees that no applicants will be turned away when they attempt to obtain protection for their loved ones. “Whether you have health issues, are in good...

Joint Last-to-Die Life insurance: How Does it Work?

Joint Last-to-Die Life Insurance pays out a tax-free benefit to the policy owner’s beneficiary on the passing of the second spouse on the policy. Joint Last-to-Die policies are significantly less expensive when compared to individual single-life policies because the insurance company does not plan to pay out the money until much further in the future....

8 Ways Your Life Insurance Application Could Get Declined

Traditional life insurance applications are not always approved easily.Insurance companies will undergo a process known as underwriting when you submit your application for coverage. This process allows carriers to determine a fair premium to charge. If you are considered a high risk case the carrier may ask for a higher than average premium. If your...

12 Reasons to Buy Critical Illness Insurance

Critical Illness (CI) insurance will pay you a tax-free lump sum of cash if you are diagnosed with a serious illness. You can choose which illnesses are covered and in some cases, you might be allowed to choose regular payments instead of a lump sum. This money can be used for anything you like. The...

What Home Owners Need to Know About Life Insurance

Once your mortgage application is approved, your lender will tell you that you should have mortgage insurance in the event of disability, illness or death. You don’t want to leave your spouse with a large mortgage in case tragedy strikes, so you instinctively sign on the dotted line. But is this really a good idea?...

Book Review: Victory Lap Retirement

The concept of retirement first began with the industrial revolution, when retirement was the stage in life after working years in which we prepared for death. As grim as it sounds, that was the reality most people who were lucky enough to reach retirement could expect. With massive advancements in technology and medicine, people are...

Why Canadians Aren’t Buying Life Insurance

According to a BMO survey, over half of all Canadians are concerned that their death will put their family’s financial stability in jeopardy. The survey revealed that 26% are very concerned. However, only about 43% (less than half of all respondents) say they already have or plan to purchase life insurance in the next 12...

Staying Fit Can Save You Money On Your Life Insurance

The cost of life insurance increases as you get older. It is also more expensive for people with less than perfect health. Even if you are in perfect health today, you could become ill tomorrow or your fitness level could drop, especially if you live a sedentary life. People generally become less active when they...

Top 10 Most Obese Countries

Obesity is not a disease, but it can lead to a wide range of health conditions such as diabetes, liver disease, hypertension and cardiovascular disease, as well as breast, colon and prostate cancer. Obesity is classified as having a body mass index over 30 kg/m2. The problem exists all over the world and has seen...