Mortgage Insurance vs. Life Insurance Many homeowners understand the need to insure their mortgage balance. If something were to happen to them, their family would lose a valuable income. This makes the family’s ability to make their mortgage payment that much more hindered. Insurance allows an individual’s family the ability to pay off the mortgage […]
Do I Need Life Insurance? The age-old question that many adults ask themselves as lifestyles change: Do I need life insurance? Many adults seem to ask this question after a major event has occurred in their life, i.e. bought a house, had a baby, etc. The answer is simple: you do not need to purchase […]
Does My Child Need Life Insurance? Most Canadians understand the importance of life insurance. They understand that if something were to happen to them, their family would need some financial aid to make up for the fact that their family has lost the income they have steadily been able to provide for them. As an […]
Life Insurance for Entrepreneurs The modern-day entrepreneur has put their heart and soul into their business in order to build a decent lifestyle for themselves and their loved ones. There is no doubt that they work hard and are extremely important to the functionality of their business. So what happens when a business owner is […]
Joint First-to-Die Life Insurance – Is it Right for You? When purchasing a Life Insurance policy with another person, such as a spouse or business partner, you have two options: 1.) You can elect to purchase two individual policies (“two pots of money”) or, 2.) You may choose to purchase a joint first-to-die policy (“one […]
Term Insurance Vs. Permanent Insurance Time and time again, as life insurance agents, we get asked the same question: “Should I buy term insurance or permanent insurance?” The answer to this question is not so simple. You must first ask yourself: What are my needs, and what can I afford? Simply stated, permanent insurance (otherwise […]
No Medical Life Insurance and The Fine Print More and more insurance companies are delving into Simple Issue Life Insurance products (otherwise known as “No Medical” or “Quick Issue Life Insurance”). These can be great products for clients that may have a difficult time acquiring an insurance policy that is fully underwritten. Usually with Simple […]
What every Employee should know about their Employer Benefits Plan Best Doctors Many insurance companies (i.e. Great West Life, Sun Life, The Chamber of Commerce Group Insurance Plan, etc.) are starting to offer this as a built-in feature. Many employees are not aware that this even exists. It could be considered the most important […]
Why is Disability Insurance Important? It is not difficult to understand the importance of a disability policy for a dentist, seeing as they work with their hands all day long. For a dentist who is graduating at the age of 27, his/her income potential to age 65 (on average) can easily be in excess of […]
#1 – Mortgage Insurance If you have your mortgage insured through your bank with Mortgage Insurance, then you are not alone. Many Canadians are not aware that this is the biggest mistake to make when they get a mortgage (or loan) through their bank or credit union. Not only is it usually much more expensive […]
