Insurance Blog

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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What does a consumer get when they invite a life insurance broker over for coffee? Well, that depends on how he feels about his life insurance broker. The harsh reality is that when the average person hears the words life insurance, they break 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 about ...
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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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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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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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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 ...
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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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Young adults rarely understand the benefit of purchasing life insurance. This reluctance is completely understandable – life definitely trumps death, and in the eyes of the average young adult, death only happens to old people. It usually takes a significant, life-changing event to take the edge off of this exuberance of youth. That event could be a marriage, the birth of a child, or even the death of an acquaintance, friend or family member; whatever the event, it educates a person to the fact that ...
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Back in 2000, only 51% of Canadians had Internet access, but as of 2011, that number has jumped up to almost 80%. In 2011, we also ranked the most amount of time spent online worldwide-45 hours a week! Many Canadians use Internet banking exclusively and do much of their shopping there as well. Further, the internet can also be used for entertainment purposes. Families tend to install the best internet and tv bundles in their homes to watch movies, shows, and sports. Along with that, ...
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It is not uncommon for people, especially as they get older and develop health issues, to have trouble getting accepted for life insurance. However, even if you have health issues you can still qualify. One option is the Guaranteed Life Plus coverage that is offered through BMO insurance in addition to other polices that are offered by brokers under the guaranteed issue and simplified issue life insurance coverage categories. About Guaranteed Life Plus Coverage A recent report sent out by BMO insurance stated that since ...
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