Insurance Blog

Six Unbelievable Insurance Policies That Actually Exist

Life isn’t for the faint of heart, with its unpredictability, natural disasters, and having to allow others to have their boundaries and opinions instead of just agreeing with us all the time, but thankfully we humans have adapted and put several controls in place that greatly reduce our anxiety of the world beyond our doorstep. Seatbelts and airbags allow for safer driving, helmets keep bikers brains from bouncing too hard in an accident, water wings keep us buoyant when learning to swim, and when all ...
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Humania Provides Insurance Options For Those With Limited Options

Humania is a modern day life insurance provider that has a century of experience in a competitive market. Rising from humble begins in 1874, Humania started out as a fraternal benefit society established to provide financial support for widows and orphans. Over the years, Humania has evolved to meet the needs of a changing society by relying on a strong commitment to customer service, empathy and humanity. The name Humania is a reflection of these core values that were established so many years ago. Most ...
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How Drug Use Impacts Life Insurance

Insurance is a risk adverse business, and doing drugs can make it hard for people to find insurance coverage. On most insurance applications, applicants are asked if they have consumed illicit substances within the past 12 months, and whether the person is applying for critical illness insurance or life insurance, ticking off the box for drug use will raise a red flag with the insurance company. Depending on the follow up questions, applicants may find themselves being rated or declined ...
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Who Has the Best No Medical Life Insurance Policy??

Have questions about the best no medical coverage? No medical life insurance is a product that many people are just learning about. What is it? No medical life insurance is a type of life insurance policy with no medical visits required and fewer (if any) health questions than traditional plans. While some people think of them as being more expensive than traditional plans, for people who would otherwise have rated plans (a rating occurs when someone has a health condition that creates a higher risk ...
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The Tax Benefits of Life Insurance

What does a consumer get when they invites a life insurance broker over for coffee? Well, that depends on how he feels about his life insurance broker. The harsh reality is that the when the average person hears the words life insurance, they breaks out in a cold sweat. Of course any insurance broker can tell you that this fear is irrational, but very few people will take any comfort in that. These misperceptions, as genuine as they may seem, are unfortunate because a conversation ...
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Should Young People Buy Life Insurance?

Why Younger Is Better When it Comes to Life Insurance It may have seemed unfair of George Bernard Shaw to coin the saying, “youth is wasted on the young,” but just ask any person over 50 years old, and they may be able to convincingly argue that there is a modicum of truth to that saying. Your average 20 year old doesn’t know what he doesn’t know, but in 30 years his 50-year-old self might have some words wisdom to share. Now if only that ...
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Top 10 Most Common Diseases and Their Impact on Life Insurance

Life insurance companies are all about managing risk. All life insurance premiums are based on actuarial tables designed to determine how much of a risk each illness or life style choice will lead to an early death. Many people already know that illnesses such as cancer, stroke, heart disease and diabetes may cause them to have higher rates or even be uninsurable, but there are other illnesses and diseases that insurance companies take into account when determining coverage. This is a list of the top ...
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Insurance Solutions for People Who Have Been Declined

There is little doubt that life insurance remains one of life’s reluctant purchases. It is often not until a person settles down and starts a family that he realizes that the value of his life also has an equivalent cash value ...
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Heart Disease and Life Insurance

In the early 1900’s, the leading causes of death in Canada were infectious diseases like cholera and smallpox. But due to the advances in immunization and public health these diseases were almost completely eradicated by the 1950’s. Nowadays, the leading cause of hospitalization is heart disease and stroke. In Canada, it accounts for 16.9% of hospitalizations. Of those, seventy thousand are heart attacks; that is one heart attack every seven minutes. Of those heart attacks, only sixteen thousand result in death. Thanks to live-saving treatments, ...
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CIBC Guaranteed Issue Life Insurance Plan – How Does it Stack Up?

Being in the market for life insurance can be a very daunting prospect, particularly for someone who has been denied coverage in the past. There are many reasons that a life insurance company can deny a claim; age, illness, or significant familial or medical history can be some of the more common reasons for rejection, but applicants can also be denied coverage because of their occupation or their choice of hobbies. In recent years, insurance companies have come to realize that their underwriting standards are ...
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