Thursday, July 31, 2008

Term Life Insurance is Now Cheaper

Life insurance, it's dropping in price. Can you believe in a world of growing prices all around us that something could actually be dropping in price? It may sound crazy but it’s true. Studies have shown that term life insurance rates are actually dropping in price which means cheaper premiums for you if you’re looking for a policy.

This article from explains why these rates are dropping. These are some of the main reasons mentioned in the article:

  • People are living longer.
  • Companies are more efficient in the industry
  • There is more life insurance competition

You can take advantage of these lower term life insurance rates by getting your policy today. It’s never too late in life to get a policy but the sooner you act, the better chances you have of getting better rates and more coverage. The younger and healthier you are, the less likely you are to be denied for a policy.

These dropping prices are just another reason why you shouldn’t hold back on getting your term life insurance policy. There are many Canadian life insurance providers to choose from so it’s important to shop around get the best rates you can find for your coverage. You should look at term life insurance like shopping for a car. You wouldn’t buy the first one you come across, would you?

Do you purchase a car without asking questions first or looking into the details of the contract? If you spot what appears to be a good deal, do you buy without first finding out what you’re getting for your money? The same rules should be applied to shopping for term life insurance. There are many great deals available out there and prices are dropping for Canadian term life insurance as well as insurance policies in other parts of the world but you have to know what and how to look for it.

Wednesday, July 30, 2008

Life Insurance Myths: Don't Believe These

This story by Kanetix reveals the top six myths about life insurance in Canada. Could you be making some of the same life insurance mistakes listed in this article? Is it possible that you have been holding back on coverage because you thought you don’t need it or maybe you think you can’t afford coverage?

Here are some reasons you shouldn’t avoid getting Canadian life insurance:

  • You think you don’t need it if you don’t work
  • You think you won’t need life insurance if you work at home
  • You think you can always get life insurance later
  • You think it’s too difficult to get a life insurance policy
  • You thin the life insurance you are offered from work will be enough

Then there are also people who avoid getting a life insurance policy because they simply don’t want to think about their own deaths. While the topic is often considered taboo, it is an inevitable fact that we will all die at some point. It’s important that you accept this fact and contact someone about a Canadian life insurance policy today. It’s fast and easy to get a free life insurance quote.

Once you become aware of the common myths about life insurance, you can be sure you don’t make the same mistakes. Get coverage and get it as early as possible so that your family will not have to suffer the added burden of financial worries after you pass. Don’t allow common myths like these to hold you back and prevent you from getting important protection that you need.

Tuesday, July 29, 2008

Universal Life Insurance Gives You More Freedom

When searching for Canadian life insurance, it can be difficult to know which of the many types available is right for you. If you seek a Canadian life insurance quote, you will see that there are many different companies offering different types of insurance. One option for you to consider is universal life insurance.

What exactly does this mean? What is universal life insurance and why might it be a good choice for you? Universal life insurance refers to a type of policy in which your terms are flexible throughout the life of the policy. With this type of life insurance, your premiums will be placed in an interest-building account and your policy will accumulate value over time.

You can then decide how much life insurance coverage you need. As situations in your life change and you decide you need more or less coverage, you can change your policy to reflect this. The flexibility of a Canadian universal life insurance policy prevents you from becoming locked into terms for the life of the loan.

Life insurance is a key part of the plan says a recent story in the Gazette. Paul Delean describes what the average Canadian family needs to know about life insurance and how the price paid can reflect medical history.

Here are the basics you need to know:

  • Determine how much Canadian life insurance you need
  • Get universal life insurance quotes from several different companies
  • Choose the one with the best options and most flexibility for you
  • Remember that you can alter your universal life insurance policy later if your situation changes

Smart shopping can get you the best Canadian universal life insurance for you. This way, you can enjoy the freedom that only comes with a universal policy that allows you more control over your life insurance terms.

Monday, July 28, 2008

Canadian Life Insurance Premiums: What To Know First

Before you can properly choose a Canadian life insurance policy, you need to be familiar with the premiums and what they mean. Many people who are not offered life insurance through their place of business feel that they will not be able to afford individual life insurance coverage.

The fear of what could happen to your family in the event of your unexpected death is enough to drive many people to seek a life insurance policy anyway. However, without a clear understanding of Canadian life insurance premiums, you may not be getting the best deal available to you.

Here are some things to know:

* Know your options in your life insurance premium
* Know if you are able to pay a little less or little more in a month if you choose
* Know if your policy allows you to skip a payment from time to time
* Be aware of the penalties of missing a premium
* Be aware of what happens if you allow your policy to lapse

A mixed survey from Forbes shows that insurance premiums continue to grow globally. With so many people being asked to pay more, it has led to an increase in lapsed policies. Why do some people allow their life insurance premiums to lapse and what dangers could this mean for them in the event of tragedy?

Many people with life insurance miss their premiums and allow their insurance to lapse because they don’t realize they may have other options. If you are facing a financially tough period in your life and find yourself unable to make payments on your premium, instead of just allowing it to lapse, it’s important to look into your options.

Often it is possible to get an extension or to change the terms of your Canadian life insurance policy to alter the amount of your premium and prevent you from losing the entire policy altogether.

Monday, July 21, 2008


Life insurance is an essential tool that anyone (and everyone) should have. How much life insurance you should have depends on various factors. A good life insurance agent will help you determine the right life insurance policy for you. However, you should have a decent amount of information to make a decision regarding the amount of life insurance protection you need.

In a recent report, done by Market Watch, a number of great tips were produced by life insurance professional Frank Durras. In his tips, he describes how you can make the right decisions about the amount of life insurance you need.

He recommends calculating your debt and any ongoing financial obligations you have to be sure your term life insurance provides enough protection. Also, take into account the future value of your income. A variety of types of insurance is available to Canadians looking for life insurance. Long-term care insurance is purchased when you are about 50 but should be selected earlier if you have a family history of chronic illness.

When it comes to finding the best Canadian life insurance, and to learn the rates on term life insurance today, your best bet is to work with an insurance agent to get a personalized figure. Doing some of this comparison-shopping on your own is helpful, but an expert quote is the best route to take.

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Monday, July 14, 2008


Life insurance is a lifeline for many people, and often, seniors are the people that need a life insurance policy most. Yet, according to this story done by MarketWatch, many seniors are slipping in their insurance coverage and even allowing their life insurance plans to expire. You should renew your life insurance or you could be risking various casualties along the way.

The fact is, life insurance helps provide a range of benefits to those that have it in place. Life insurance provides payment at the time of death. That payment can be used to pay medical expenses, to pay for daily living expenses and even to pay for your spouse's final years. Without this type of life insurance protection, many seniors leave their loved ones with little to nothing to manage daily life.

In the article, there is an explanation about why this is happening. The reasons are simple: many seniors just do not know what options they have in renewing life insurance plans. They just do not have enough information on what is available to them in life insurance to make a good decision.

Without having a reliable life insurance policy, though, many are risking costly financial situations. Life insurance information is readily available to seniors who may have an expiring policy. More so, these life insurance companies are available to answer essential questions.

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Sunday, July 13, 2008

Term Life Insurance Best Bet For Most

If you are trying to determine which the best life insurance for your particular needs is, term life insurance may just be a best bet. In a recent response to a reader's question, the, which is based in Minnesota, offered a great explanation of why term life insurance really is a fantastic opportunity for those who are looking for life insurance protection.

As the author of the story relayed the best reason to buy life insurance is to protect your family from long-term problems financially if something should happen to you while they are dependent on you for everyday life expenses.

There are plenty of benefits for term life insurance including low life insurance premium payments, good coverage and a directly payout of the insurance should you die before you should. When considering term life insurance, look at what it will cover for you. For example, if you are young, you may have a mortgage, credit card debt, and a family you are raising which life insurance can help cover. Because it is a simple, straightforward type of life insurance policy, it does just what you need it to. Term life insurance provides protection for your family when they need it the most.

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Saturday, July 12, 2008

Women Without Insurance: Michelle Obama Makes The Case

Regardless of location, women need insurance. While Michelle Obama addressed this in a recent speech she gave, the need for all people, regardless of location (and even out of the country needs) for life insurance is just as great. The health insurance crisis is one thing, but there is just as large of a crisis in terms of quality life insurance.

Does it matter if you have life insurance? Term life insurance can be a saving grace for those that face disasters earlier in their lives than others. While people are living life longer, the risks are greater for death an earlier age, including heart related conditions, diabetes and cancers. Therefore, if you do not have term life insurance to help you, chances are good you do not have insurance to protect your family.

Health insurance is important, as the Obama campaign is talking about. Yet, women of all ages and countries need to focus on what could happen to their families if they did die suddenly. Life insurance provides the ultimate protection, smoothing away all the problems, concerns and worries of what could happen in life. If you do not have life insurance yet, now is the right time to talk to an insurance company about the options you have in life insurance policies.

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Friday, July 11, 2008

Life Insurance Policies Are Not For Down Times

Do you have life insurance? Recently, some people have resorted to cashing in their life insurance policies in the hopes of using the funds for the rough economic times they are facing. While some insurance policies do allow for this, with something called a life settlement, it may not be the best route to take, especially when those funds from your insurance policy will be necessary for their initial intended purpose for later in life.

In a recent article by MarketWatch, there are some harsh warnings about cashing in your life insurance, your 401k or other retirement accounts you may. The warning comes from the Financial Industry Regulatory Authority. The Chief Executive Officer of that organization, Mary Schapiro, had this to say, "Each of these should be considered strategies of last resort," the article quoted. "They may raise cash quickly, but each also carries long term consequences that can undermine financial security in retirement and post the potential for losing a significant, and sometimes irreplaceable, asset.” Life insurance is a protection for later.

Life insurance is a very important financial security right now, with a recession on the doorstep of the country. Yet, down the road, the value of the life insurance policy will be even more essential to the overall financial well being your family has. For those who need life insurance and do not have life insurance yet, now is the best time to get into the right life insurance policy.

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Thursday, July 10, 2008

Life Insurance's Role In Retirement Planning For Your Spouse

Use life insurance as a life protection. Taking care of your spouse should something happen to you is something that life insurance can help with. Today, the demands on retirement income are high, and most people have not put away enough funds in their retirement plans to successfully build themselves a nest egg to protect both spouses. Life insurance policies can help provide some additional protection.

This need for life insurance becomes evident. In recent news article by Fox Business, outlined were various ways that spouses could add to their available assets (which life insurance should be one of) so that when one spouses passes away, the other is still financially stable. As noted in the article, even with a sizable IRA, there may still be the need for additional income. In these situations, considerations for life insurance should be made.

Having a life insurance policy could help prolong life by providing additional funds to the remaining spouse that can be used to give them access to quality healthcare and medications. A policy can offer additional help in remaining in their home, paying bills or just living the life they have come to know.

With this type of insurance, it becomes essential to consider insurance plans that will provide such an output before the policies become expensive to the couple. Therefore, a young couple is often in the best place possible for getting an affordable life insurance policy to care for their spouse through retirement. Those without such a policy should seek a solution sooner rather than later.

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