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Tag: Life Insurance

Some Handy Life Insurance Terms You Should Know

| April 18, 2017 | 11 Comments
Some Handy Life Insurance Terms You Should Know

  Life insurance can be an overwhelming shopping experience for most people. So many different terms and jargon its easy to get confused and it’s hard to admit you don’t understand something. Here is a list of some basic terms you should know to help you have a better understanding of what your dealing with. […]

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Why Did My Life Insurance Rates Go Up?

| September 27, 2016 | 6 Comments
Why Did My Life Insurance Rates Go Up?

Why Did My Life Insurance Rates Increase? What Do I Do Now? …and What Options Do I Have Now? One of the most common questions I receive is “Why did my life insurance rates go up?” This relates to the type of policy your originally purchased. Most people purchase “Term” insurance for the affordability and […]

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Do You Really Need Life Insurance?

| August 25, 2016 | 6 Comments
Do You Really Need Life Insurance?

Most people understand how life insurance works and what it is designed to protect against. They may also have family commitments and people who they provide for and know that some sort of life insurance would protect their family financially, if something were to happen to them. However, it is still often a very difficult decision […]

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Buying Life Insurance: A Shopping Checklist

| March 22, 2016 | 3 Comments
Buying Life Insurance: A Shopping Checklist

  Buying Life Insurance: A Shopping Checklist When shopping for term life insurance, you want to find the right amount of insurance coverage at a reasonable price with a company you can trust. But for many people, getting started is the hardest part. That’s where the following Life Insurance Checklist can help. 1. What you […]

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Whole Life Insurance – Coverage for Life

| January 19, 2016 | 3 Comments
Whole Life Insurance – Coverage for Life

Whole life insurance, also known as “cash-value” insurance is a basic and consistent type of permanent life insurance which remains in effect your entire life at a level premium. This life insurance is a good choice got you if you do not expect your life insurance needs to diminish over time. A portion of your […]

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Simple and Inexpensive Term Life Insurance

| October 27, 2015 | 2 Comments
Simple and Inexpensive Term Life Insurance

Term life insurance is basically a “no frills” type of life insurance. It is a life insurance for a specified duration limit, or time. You buy a specific amount of coverage for a specific time period by signing a contract. You pay for that coverage period and at the end of the term the policy […]

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Cottage Insurance – How to Take Care of the Tax Liability When Transferring it to Your Children

| June 23, 2015 | 3 Comments
Cottage Insurance – How to Take Care of the Tax Liability When Transferring it to Your Children

With the school year almost over and the long cold winter finally over (knock on wood), most of us our planning what to do this summer with the family. For some of you that means spending time enjoying the family cottage – campfires, swimming and mosquitoes. But what about future summers? When it comes time […]

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What to Expect When You’re Expecting a Paramedical Exam

| April 28, 2015 | 5 Comments
What to Expect When You’re Expecting a Paramedical Exam

Regardless of whether you’re purchasing a term or permanent life policy, you will probably have to undergo a life insurance medical exam. Unless you’re relatively young, applying for a very small policy or non-medical life insurance, it’s almost guaranteed that you’ll have to go through a paramedical. Usually, these tests are performed by paramedical professionals […]

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What is Underwriting?

| February 18, 2015 | 3 Comments
What is Underwriting?

Underwriting is a necessary evil in the insurance industry. Necessary, because insurance companies need to assess your probability of making a claim before they go ahead and give you insurance. If they didn’t do underwriting they would have too many people make too many claims and would not be able to sustain themselves as a […]

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Why It’s a Good Idea to Put Off Buying Life Insurance

| October 7, 2014 | 4 Comments
Why It’s a Good Idea to Put Off Buying Life Insurance

According to a TD Insurance Risky Business Poll 31% of Canadians do not have life insurance and 40% of them say they don’t think it’s necessary.  One-third of Canadians worry they aren’t adequately protected by their insurance policies. What I hear most often when sitting across from people, people with kids and other liabilities is […]

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Who Gets Your Life Insurance?

| September 22, 2014 | 9 Comments
Who Gets Your Life Insurance?

The one thing you can count on in life is change. From getting married and having kids to getting divorced, then remarried and gaining step-children. The one thing that sometimes doesn’t get changed are the beneficiaries on your life insurance policy.  The main reason you have life insurance is to make sure your loved ones […]

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Protect Your Biggest Liability – Your Home

| March 7, 2014 | 4 Comments
Protect Your Biggest Liability – Your Home

The majority of the families I meet with think they have their biggest liability (their home) covered with mortgage insurance that they got from their lender. The problem I find is that typically the person selling the mortgage never took the necessary education, training and licensing to sell life insurance and are not qualified to explain a […]

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Why Life Insurance is Important for New Parents

| February 25, 2014 | 2 Comments
Why Life Insurance is Important for New Parents

One of the most important times for you to consider life insurance is when you become a parent. The addition of a new baby to your household is one that is life-changing, possibly the most life-changing event in your life. Suddenly, rather than being responsible for yourself and caring for your spouse, you have a […]

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Does it Make a Difference Who You get Your Life Insurance From?

| November 25, 2013 | 1 Comment
Does it Make a Difference Who You get Your Life Insurance From?

When it’s time for you to look at getting life insurance, like most people you go to your bank or do a search online to find a local insurance agent. You then make an appointment, meet with the agent, get a quote and then apply. But did you know there are different kinds of agents […]

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As Seen on TV – CHIP Home Income Plan and Reverse Mortgages

| October 22, 2013 | 0 Comments
As Seen on TV – CHIP Home Income Plan and Reverse Mortgages

I have been asked recently regarding the ads on TV about the CHIP Home Income Plan and what a reverse mortgage is all about. I will give a brief overview about who would use this product, what a reverse mortgage is and what to consider. If you are in need of additional income or have […]

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Life Insurance Awareness Month – Do You Even Know Where Your Policy Is?

| September 30, 2013 | 1 Comment
Life Insurance Awareness Month – Do You Even Know Where Your Policy Is?

This year’s Life Insurance Awareness Month spokesperson is retired NFL MVP quarterback Boomer Esiason. Boomer speaks from the heart about the hardship his family faced when his mother, Irene, died when Boomer was only 7. He’s also a passionate fan of life insurance because, as a father himself, he understands how different things would have […]

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Heading Back to the Boardroom

| September 19, 2013 | 0 Comments
Heading Back to the Boardroom

Three years ago, while at the top of my game, I walked into my boss’ office and resigned. Just like that. People thought I was crazy. I’m sure they thought I was having some sort of crisis. I wasn’t. I have spent the last three years being there for my family, my community and, in […]

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Just what is this RRSP Home Buyers’ Plan? – Part 3 of 3 (Return of the Money)

| September 4, 2013 | 0 Comments
Just what is this RRSP Home Buyers’ Plan? – Part 3 of 3 (Return of the Money)

We’ll here we are finally for the final chapter of this trilogy, paying back your RRSP Home Buyers’ Plan. Now that you’re all moved and have finally memorized your new postal code it’s time to start thinking about returning the money you borrowed from your RRSP. If you missed them, you should read Part 1 […]

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Life Insurance? Where do I start? ~ Tuesday Tips

| March 26, 2013 | 0 Comments
Life Insurance? Where do I start? ~ Tuesday Tips

Life insurance is an important part of financial planning, but understanding  insurance and purchasing the right product can be confusing. While you should  rely on the expertise and recommendations of your insurance agent, it’s always a  good idea to do your own research. Here are five factors to consider before you  buy insurance: 1. Why […]

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