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Advocate for Your Best Rate!

In my years as an insurance advisor I’ve seen it all when it comes to medical challenges and getting the approval from an underwriter.  Some clients come to me having been declined or after having to pay an additional premium (a substandard rating) on their insurance policies to get help.  Removing a substandard rating can [...]

“Smoker” Life Insurance Rates – Say Good-Bye and Save

It used to be that 50% of the adults in Canada smoked, but times have changed since that statistic was released in 1965.  Today between 15% and 20% of adults admit to smoking some form of tobacco on a regular or occasional basis, and many Canadians are thinking about quitting or have quit altogether.  This [...]

Universal Life – When and Why?

Over the years there has been much debate between insurance sales people offering their advice on Universal Life Insurance.  You’ve no doubt heard the “buy term and invest the difference” company say that it’s always better to buy term insurance and invest your extra cash flow in a solid investment portfolio.  You may have also [...]

Mortgage Insurance – Turning the Lose, Lose into a Win, Win.

This topic has been a controversial one for a few years now and I thought that some facts might help to clear things up. Many Canadians own homes and have a mortgage.  When we get a mortgage we are also offered “mortgage” protection from the banker or mortgage salesperson.  This is where the controversy starts [...]

When is Your Renewal?

Term Insurance – When is the renewal? The name “Term Insurance” is meaningful because it’s insurance for a specified “term”.  The premiums and the benefit will be level (in most cases) for the duration of the contact.  So for a $500,000 term-20 policy; the premium will remain unchanged and the benefit of $500,000 will stay [...]