Tagged: Universal Life

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...

Buying Life Insurance 0

Buying Affordable Life Insurance in Ottawa!

So, you’ve decided to purchase life insurance. Well then, you have made a good decision! If you have dependents, you know that you must provide for them long after you are gone. Buying life insurance shouldn’t be a budget buster either. Take a look at the following options which can help you save big time! Shop...

advantages of whole life insurance 0

What are the Advantages of Whole Life Insurance

To begin with, you need to understand that life insurance falls into two very broad categories: Whole Life Insurance and term. The basic difference between them is this: A term policy is life coverage only. In a whole life policy, as long as you continue to pay the premiums, the policy does not expire for a...

How does life insurance in Canada work? 0

Life Insurance in Canada: How Does It Work?

Now I bet your wondering how exactly does life insurance in Canada work and how does it provide financial security, this article will hopefully shed light on the subject. Most people who want financial security when it comes to their future invest in a life insurance policy. A life insurance policy is a contract made between the...

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How Life Insurance Can Reduce Taxes

Smart people pay closer attention to tax minimization strategies than other people do. The fewer taxes you have to pay, the more of your money you can keep. If you are in the higher income-tax brackets, taxes are one of your biggest expenses. When you have used up the traditional tax-minimization strategies, such as investing in RRSPs...