29 11, 2016

Who can be named as beneficiary?

November 29th, 2016|Frequently Asked Questions (FAQS)|

You can name one or several persons as beneficiary. Beneficiaries should be anyone who is to receive the money upon your death. Usually a person will name their partner and may list their children as contingent beneficiaries. If you are listing more than one person, you would have to decide the percentage going to each. [...]

29 11, 2016

Critical Illness Insurance – What you need to know

November 29th, 2016|News|

We all know someone that has been diagnosed with a critical illness. The repercussions that an illness takes on an individual and their family are life changing. Not only the stress of having to overcome the illness and get better, but also the financial toll the illness could have on a family’s savings. Critical Illness [...]

29 11, 2016

5 Tips On Managing Your Finances

November 29th, 2016|News|

You might be wondering what does this have to do with insurance.  Well, insurers always ask for employment information on your application to make sure you can afford the premium.   Keeping on budget will ensure you can continue to pay premiums in the future and not be left without any protection. The one major [...]

16 08, 2015

What is a Joint Life Insurance and can it save us money?

August 16th, 2015|Frequently Asked Questions (FAQS)|

The most common are : Joint First to Die and Joint Last to Die. Each have their pros and cons. A joint insurance policy covers up to 5 individuals. But most policies are purchased to cover 2 people. The policy saves a couple or group about 15% on their premiums compared to individual policies. The [...]

16 08, 2015

What is a deferred life insurance?

August 16th, 2015|Frequently Asked Questions (FAQS)|

Your benefit does not pay the full amount until a 2 year period has passed. This is common on some guaranteed issue and non-medical products. Most products offered on television are deferred life insurance. The insurer is usually accepting higher than normal risk by asking limited medical questions or accepting a medical condition. In most [...]