Critical Illness Insurance - Factors to Consider Before Applying? Recent studies show that an average 25-year-old male non-smoker has a 24 percent chance of having a critical illness (cancer, heart attack or stroke) prior to turning age 65. In other words an average 25 year old male is 3 times [...]
What Happens if My Life Insurance Company Became Insolvent? As a licensed insurance broker I always shop the Canadian life, critical illness and disability insurance market to find best possible insurance solution for my clients. In the course of this research I often present at minimum 3-5 different insurance carrier [...]
10 Factors to Get Best Term Life Insurance Policy Term life insurance rates in recent years have become much more competitive in the Canadian marketplace. It is not uncommon to see policies written 10 plus years ago to be replaced with a more cost effective policy today (while maintaining the [...]
Applying for Life Insurance With a Criminal Record A few years ago, I met with a client in what was at the time my office located in Burlington, Ontario to discuss his life insurance needs. We completed a full needs analysis, reviewed various life insurance terms and products including term, [...]
Foreign Travel Impact on Life Insurance A few years ago, as apart of a client's financial planning we determined that she had a need for life insurance. She wanted to ensure her mortgage and student debt was covered, in case of pre-mature death. She was healthy and active and had [...]
Factors That Influence Your Mortgage Rate and Qualification Once upon a time in the Canadian mortgage lending landscape, the mortgage interest rates were pretty much universal. If you qualified for a mortgage you generally qualifed for the best available rate (with some room for negotiation of course). This meant rate [...]
Should You Take CPP Early? Often a question I get asked in my financial planning practice by those at or close to Canada Pension Plan (CPP) benefits start date of age 60 is "Should I take my CPP early?" The reality is the answer is not normally as cut and [...]
Some Reasons to Consider Life Insurance for Kids The idea of purchasing a life insurance policy on children is an idea that many parents do not consider. However, there are several reasons why parents or even grandparents may want to place an insurance policy on their child/grand-child. 1. Lock-in insurance [...]
Why Your Group or Association Disability Insurance May Simply Not be Enough Millions of Canadians are insured through their employer with group disability insurance policies. Thousands more opt to take coverage through their association plans, such as the Ontario Medical Insurance (OMA insurance) or Lawyers Financial (previously known as The [...]
Is Critical Illness Insurance Is it Right for You? Critical illness insurance pays a tax-free lump sum on diagnosis of any one of a list of serious illnesses such as heart attack, stroke or cancer. Policies cover anywhere from three medical conditions to as many as 24. Statistics show you [...]
