Based on the records of the Canadian Life and Health Insurance Association, over 20 million Canadians are protected by life insurance. If we compute it against the whole population, that leaves almost 30% of individuals without insurance protection. Obviously, a lot of Canadians are still unaware of the importance of having an insurance.

If you’re a part of the bracket we’re talking about, we suggest you obtain a plan as soon as you can. There are several agencies in Canada that will be able to provide you great services and offer you wide-range of policies to choose from.

In getting life insurance, you must know that there are two basic types available:…

You must be surprised to have read that there’s a suicide clause included in the life insurance policy. Actually, this part of the policy plays a vital role as it limits the circumstances when insurance providers will or will not grant the customers’ beneficiaries the money involved. The suicide clause in most life insurance policies states that they will only pay out for a suicide death after a certain number of years of the policy being active. Even then, they may only have to pay out the amount of premiums paid by the deceased, rather than the full lump sum that was specified by other causes of death.

As each life…

When you apply for life insurance, expect that your potential insurance provider will require you to undergo some medical exam performed by a licensed health professional. The insurance company will order this on your behalf and you will receive a call to schedule the appointment.

Remember that the outcome of the exam will significantly affect your application. So for you to obtain the most favorable results, you must prepare yourself at least a day before. Take into account the following tips below as this will help you lower your risk rating and thus lower the cost of your Term Life Insurance.

1. Limit salt and high cholesterol foods 24 hours prior to…

Isn’t it annoying enough to have different types of insurance to understand? Then why are consumers presented with sub-types of insurance policies? Well, the answer is simple: There is a wide range of options available because insurance companies try to suffice all the unique requirements individuals have. These types of policies are indeed confusing at first but what you really have to know is just the basic.

So to guide you in selecting the right whole life insurance policy, we have prepared a list below that contains simple definitions of each sub-type. We hope that this would somehow lessen your uncertainties and help you in making the right decision.

Participating Whole Life…

Life insurance is probably the best way on how you can assure yourself that your family will have a secured future in case of your untimely death. This plan covers the most important things in your loved ones’ life like education or marriage of your children, old age expenses of your spouse and so on. More than that, it can also aid you in several ways. Mortgage protection is one such aspect.

Mortgage Protection eliminates the risk of the family losing its home in the event of the death of the insured person, before the mortgage on your house has been paid off. It may also protect the home of the…

One of the most appealing offers insurance companies can give their clients is the easy process of availing it. The convenience of buying term life insurance with no medical exam is what buyers are after for. Not only that, premiums attached in this type of life insurance are surprisingly low but the coverage, should we say, is quite competitive. Continue reading to learn more about this type of plan.

Types of Coverage You Can Get

You can apply online for 10 year term, 15 year term, 20 year term and 30 year term policies. These are guaranteed level premium policies. The premiums don’t increase for the periods you contracted for. In…

When talking about life insurance, we only mention the kids as the beneficiaries. But have you thought of getting them life insurance on their own? This matter has been debated for a long time but experts say that obtaining your children life insurance is like providing them a more secured future. Are there any other reasons? Let’s find out.

* Investment - Some guardians invest in life insurance leads for their kids for investment. This is a much controversial issue that has both supporters and opponents. Those who oppose it say that the insurance charges and premiums erode investment return.

* Education - Owing to the rising education costs, many parents see these life…

It is indeed very hard to become a single parent. Other than taking all the responsibilities on your own, there is this worry that no one’s going to look after your children in your absence. This is the very reason why all single parents are advised to get life insurance. This type of plan is specially designed to act as a replacement to your income thus provides funds to your dependents or guardians of your kids after your demise.

Single parents have the choice between term life insurance and whole life insurance. Term life insurance is more popular because it is less expensive. Plus with this type of policy, you can…