This is a question that comes up frequently - how much life insurance should a stay at home mom buy?
Well, there’s no firm answer; or more appropriately there’s no answer that can be easily calculated. However we can make some educated estimates as to how much life insurance you should be considering. In […]
Looking for mortgage life insurance? Not so fast - there’s better alternatives.
Rather than buying mortgage life insurance through the banks you should also consider an individual term life insurance policy. There’s two main differences between mortgage life insurance and an individual term life insurance policy:
Individual life insurance is generally cheaper than mortgage life insurance
Individual life […]
This question is often raised - is whole life or term life insurance better?
The answer is not quite as easy as that - it’s both and neither. Consumers who compare product types at the front end of a buying decision like this are risking either overpaying or buying the wrong type of insurance.
The answer […]
If you’re a pilot, you might be concerned about how life insurance companies will treat your avocation. Well, there’s good news and bad news (sort of).
No matter what type of pilot license you hold most companies will ask you to complete an additional ‘Aviation Questionnaire’ when you apply. This form simply investigates in […]
There are four common riders available on life insurance policies. In no particular order they are Accidental Death Benefit, Guaranteed Insurability Option, Disability Waiver of Premium, and Children’s Protection Rider (CPR). Out of all of those, CPR is the only product I routinely recommend.
In most cases putting life insurance on children doesn’t make […]
Disability Waiver of Premium is another rider available on life insurance policies (for other common riders see Accidental Death Benefit).
Disability waiver or premium (WP) is intended to waive your premiums should you become disabled. More specifically this rider will pay your life insurance premiums after generally 90, should you become disabled per the definition […]
Most life insurance policies in Canada have a number of options available. These options are called ‘riders’ in the industry. One of the most prevalent riders is Accidental Death.
The Accidental Death rider pays out an additional death benefit should you die as the result of an accident. That may sound nice, but […]
I’ve just repurposed this site; the blog was getting a bit stale. I’ve upgraded to the latest version of wordpress and added a new wordpress theme to make it look nicer and easier to read.
It’s my intention to post here with information about term life insurance for Canadians. Feel welcome to register for an account […]