14 08, 2019

Why Do You Need Critical Illness Insurance?

August 14th, 2019|Frequently Asked Questions (FAQS), Insurance Tips, News|

Critical Illness Insurance pays a benefit if you were to be diagnosed with a covered illness.   This benefit is paid out to you so you may use it to pay added expenses or for personal use. Can be used for homecare Loss of salary Continue paying debts, such as mortgage, [...]

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. [...]

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 [...]