Insurance Blog

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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High Risk Life Insurance Options

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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Empire Launches New Online Application

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. With so many consumers going online, it is no wonder that insurance companies are going digital too. Recently, Empire Insurance launched its new on-line application process that helps streamline the application process ...
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The Ins and Outs of Guaranteed Life Plus

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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No Medical Life Insurance – How is this possible

Wondering How Companies Can Offer No-Medical Insurance? One of the questions that people tend to ask a lot is: No medical life insurance – how is this possible? Insurance is a risk-adverse business, so how are companies able to offer coverage without knowing the risks that a particular policy might have? Simply, because there are many people with long-term health issues that are in need of coverage, companies created plans that are designed to meet the needs of those applying while still minimizing the company’s ...
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What you need to Know about Life Insurance and Prostate Cancer in Canada

About Prostate Cancer While there are many different forms of cancer that Canadians need to be aware of and take preventative actions against, there is one form of cancer that is extremely important for men in Canada to be conscious of – prostate cancer. Prostate cancer is one of the most common forms of cancer in Canadian men and it is the third leading cause of death from cancer. This is why it is so important for men to visit their family doctor and get ...
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Diving Into Life Insurance

Life is filled with risks. Some of these risks end up becoming everyday occurrences such as crossing the street at a busy intersection. Certainly, a person could get hit by a car, but several safety factors have been put into place – marked crosswalks, crossing signals for pedestrians, red lights for cars – that help spare him/her from that fate. Then there are other risks, like skydiving or mountain climbing, which are less than everyday occurrences and are considered to be more than just a ...
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No Medical Life Insurance Brokers Find Insurance for Your Situation

A no medical life insurance policy is ideal for seniors or those close to retirement age. If there is a mortgage loan that remains unpaid and with many children choosing to remain at home with their parents, it is imperative that your family is protected in the unfortunate event of a parent’s passing. Life insurance premiums are typically influenced by the age and medical condition of the applicant. With many seniors suffering from various medical conditions and physical restrictions, these pre-existing conditions are known to ...
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