Whole Life:

News from 2016

Guaranteed Issue Plans in Canada

Non-medical Life Insurance means you do not have to take any tests or visit a doctor for your application to be approved, however you may still have to answer some medical and lifestyle questions. There are two basic types of non-medical policies: Guaranteed Issue Coverage and Simplified Issue Coverage. Guaranteed Issue Coverage This type does not require you to answer any health or lifestyle questions or take any medical tests. You are covered immediately without going through the ...
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8 Reasons Why You Should Secure Permanent Life Insurance Before 2017

New tax legislation is set to take effect on January 1, 2017 which will change the way policyholders are taxed for deposits toward certain life insurance policies. Policies issued after 2016, also know known as G3 tax generation policies, will offer less exempt room over the long-term. This new legislation will mostly affect affluent policyholders as the tax deferral features of these life insurance products typically benefit people in the higher tax brackets. One major change is that ...
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