Being a high life insurance risk means that life insurance will cost you more, but it doesn’t mean you won’t qualify for affordable rates. Life insurance companies base their rates on how risky you are to insure (the likeliness that you will die and they will have to pay out the death benefit). It’s not … Read more
Top insurance companies are changing how they look at recreational marijuana users; and on July 7, 2016, SSQ altered their underwriting process to stop treating all pot users the same. SSQ – Now Considers Certain Marijuana Users as Non Smokers Like their competitors, for years SSQ automatically classified anyone who disclosed that they used marijuana … Read more
When it comes to term life insurance, the most important thing (beyond the necessity of it) is buying the right policy for your situation and getting that policy at the right price. This is why you should always use a broker to compare term life insurance policies. Term life policies are the same in concept. … Read more
Parksville is breathtaking, which makes it difficult to think about bad things happening; but life insurance protection is important for financial planning, even if you live in a place where you get to spend your days calmly reflecting on nature’s beauty. The fact is, if you’re thinking about life insurance, it’s time to take the … Read more
If you’re thinking about converting your RBC policy from Term to Permanent, it’s good to know the reasons why you should and how to go about it. Below, we are going to look at how converting your RBC life insurance policy can help ease your mind so you can relax knowing your family is financially … Read more
In June, we told you about the changes BMO made to their underwriting process when they concluded that occasional marijuana smokers do not share the same risks as cigarette smokers such as related smoker impairments. As was predicted, other life insurance companies are now following BMO’s lead. In this post, we’re going to look at … Read more
For most Canadian families, term life insurance offers sufficient protection at an affordable rate; and it expires when they no longer need it. However, many people still wonder if they should convert their term policy.In a word, YES. Everyone should have at least a minimum amount of permanent life insurance. Most term policies offer you … Read more
The insurance industry is always changing to keep up with lifestyle changes and technology; they continually perform research and adjust accordingly. BMO Insurance has recently made changes to their rules, and effective immediately, will consider occasional marijuana smokers at non-smoker rates. Research and Infrequent Marijuana Usage As research by insurance company’s increases, the life insurance … Read more
Life insurance companies want to bring their own spin to the types of life insurance they sell to try to differentiate themselves in the market place and this tends to create a lot of confusion for Canadian consumers. Ultimately, the person buying the policy wants their beneficiaries to have money if something happens to them but … Read more
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