Tagged: rates

How do Annuities Work 0

How Do Annuities Work In Canada?

An annuity is a contract with a life insurance company. You deposit a lump sum of money, and they agree to pay you a guaranteed income for a set period of time — or for the rest of your life. Annuities are most commonly used to generate retirement income. Annuity Basics You can buy an annuity...

Life Insurance Terms and conditions 0

The Most Common Life Insurance Terms and Calculations

If you decide to get life insurance, you will need to understand the most common life insurance terms and calculations. Certain events can lead to the voiding of the contract and insurance policy can be proclaimed null and void if the insured person commits suicide within the certain time period – one or two years after...

Life Insurance rate increases 0

Rates are going up September 23rd!

If you are thinking about getting life insurance you should know that Manulife announced a major rates increase (of up to 50% on certain policies) for permanent level cost (universal) life insurance effective Sept 23rd, just weeks from now.  Other carriers will surely follow. Considering the tax law changes now under review by the government, permanent life...

Smokers and life insurance 0

Being a smoker with life insurance can kill your wallet

When insurance brokers meet a new client the first health related question is typically are you a smoker? Every individual person fits into one of the two categories. They are either smokers or non-smokers. Someone who occasionally smokes socially and someone who smokes everyday can end up in the same insurance category. You will pay even...

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