http://www.thetermguy.com Canadian term life insurance Wed, 07 May 2008 18:05:32 +0000 http://backend.userland.com/rss092 en In the last budget, the federal government created a new savings plan called a TFSA (Tax Free Savings Accounts). These savings plans will be available starting in 2009. These savings plans are similiar to to RRSP's, with some technical but important differences. RRSP vs. TFSA   TFSA RRSP Deposts to fund are tax ... http://www.thetermguy.com/2008/05/07/rrsp-vs-tfsa-tax-free-savings-accounts/ Critical illness insurance sales are hot in Canada right now. Agents love it, insurers love it, and all the industry magazines are full of long articles on how to sell it. It's the golden child of the insurance industry. So why don't I recommend it? The answer is ... http://www.thetermguy.com/2008/04/08/drawbacks-to-critical-illness-insurance/ If you're a husband or wife looking for coverage on both partners sometimes the subject of joint first to die life insurance (JFTD) comes up as a cheaper alternative to purchasing an individual life insurance policy on both. And at first, this would seem like a viable option. ... http://www.thetermguy.com/2007/12/20/joint-first-to-die-life-insurance/ 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 ... http://www.thetermguy.com/2007/11/29/life-insurance-for-stay-at-home-moms/ 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 ... http://www.thetermguy.com/2007/11/13/mortgage-life-insurance/ 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 ... http://www.thetermguy.com/2007/11/11/term-insurance-vs-whole-life-insurance/ 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. ... http://www.thetermguy.com/2007/11/11/life-insurance-for-pilots/ 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 ... http://www.thetermguy.com/2007/11/10/childrens-protection-rider-cpr/ 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 ... http://www.thetermguy.com/2007/11/10/disability-waiver-of-premium/ 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. ... http://www.thetermguy.com/2007/11/10/accidental-death-life-insurance/