In this article I will try to tell you the good the bad and the ugly about Whole life insurance. Whole Life insurance is not for everyone. The biggest problem with this type of life insurance is that people are Miss informed. This problem is elevated by the fact that life insurance agents are compensated higher when they sell a whole life insurance policy. This fact alone will prompt some agents to become whole life pushers rather than life insurance advisers. That’s not to say that whole life insurance is not a good policy for some people but Read more [...]

As is the case with most types of insurance today, it’s not difficult to obtain a free life insurance quote, and online is the easiest place to find one these days. If you have access to the internet, you have access to a multitude of organizations offering a free quote. Make sure to visit a few different sources as well, so that you’ll have a number of different quotes to compare. The advantage By obtaining a few different free life insurance quotes for yourself, you’re allowing yourself the freedom to compare several products from different Read more [...]

It seems as though the important things in life have a way of fitting in just so with our day-to-day lives, and life insurance should be no exception. When purchasing life insurance it is essential to find the plan that “fits” you and your everyday life. As is the case with everyone, you’re personal situation is unique to you: Your health, your occupation, your lifestyle, your financial situation. Therefore, it’s important that your life insurance plan reflects these particulars. These details will influence your eligibility for the amount of Read more [...]

As aging adults, many consider their future together including when one becomes sick and needs to be in an extended care facility. Most individuals don’t have an option like some in Canada – an area that permits living of seniors that are not sick, but also features an extended care facility on the same grounds. The Catch – The Problem The catch is, though, that the price per month to stay in the extended care facility is thousands of dollars per month, which is something only higher income individuals could afford. Most seniors don’t have Read more [...]

This is what I’ve been saying for years, the article below explains very well how Canadians don’t realize how easy it is to protect their estate from taxation, and make it so much easier for their children or heirs. Rather than trying to save up  hundreds of thousands of dollars to pay the capital gains on a persons death, or RRSP’s, a simple Life Insurance Policy can take care of that for only a fraction of the cost. Canada’s boomers are well aware of what the recent market meltdown has done to their investment accounts, but they seem to Read more [...]

Many time I am asked by a client,  what would happen if a Canadian Life Insurance Company went under? I many hundred years that has happened only once, Confederation Life went belly up some 15 years ago, and for the policyholders it was a smooth process. You  see, what happened was that all Canadian Life Insurance Companies got together and took over the policy holders and liabilities of Confederation life. This way , not one Policy Holder was left holding the bag, and no one lost even $1. This is the Canadian Way, we protect our citizens, Read more [...]

Foresters scholarships are just part of the Unity Life ‘difference’! Sometimes you hear of Life Insurance Companies doing things that are above and beyond basic services. I have heard about Unity Life Insurance, who are owned by the Independent Order Of Foresters, that they were giving away hundreds of free scholarships to students. I never realized though, how many they give away, and what the impact of that is for Canadians. It is really a beautiful thing, that an Insurance Company would take from their profits, to help the community. The Read more [...]

If you have been a follower of my Blog, you know that I talk a lot about how to get the best Life Insurance Premiums & Rates with the best Life Insurance Companies. I  have created a new page on our website about getting the best Life Insurance Premium & best Life Insurance Rates. There has been some controversy about the temporary Insurance agreement, so I included a blurb from Manulife Financial, that explains the importance of the TIA, and the do’s and don’ts. This is especially important when buying Life Insurance Online. By Isabelle Read more [...]

A recent study conducted by Manulife about Canadian Life Insurance has found that Canadians are grossly under insured. This is something that we all knew for a long time, but had a hard time admitting. It seams strange that would be the case, Life Insurance in Canada is available just about anywhere these days. From Life Insurance Agents that call people at their homes, to Banks and Mortgage companies, and now the internet, it is so easy to get online life insurance quotes. Most people surveyed at first said that they did have enough insurance, Read more [...]

It is interesting that only now Life Insurance Agents are interested in Whole Life Insurance Quotes in Canada again. When times were good and investments were easy to sell, because the markets were doing well, a lot of Financial Advisers found it more lucrative to sell Mutual Funds and Segregated funds. Now that everyone is staying away from the stock market, a lot of these same advisers need to start selling other products and Life Insurance Whole Life Insurance is certainly a lucrative product – for the Agent. This downturn has proven that Read more [...]