The Term GuyThe Term GuyIndependent life insurance broker in Canada blogging about facts, issues, and ideas for term life insurance for Canadians. Articles
AXA Life Insurance Canada sold to SSQ
2011-09-26 21:12:00 SSQ buys AXA Life Insurance from Intact Insurance. Intact Insurance has just announced the sale of AXA Life Insurance to SSQ. SSQ is a Canadian financial company headquartered in Quebec City. This is part of the continued exit of AXA from Canada . AXA is a large international insurance company headquartered in France, with US operations ...
More Universal Life Thoughts
2009-02-28 12:40:00 Viagra online I’ve previously commented on Universal Life Insurance but wanted to expand on that a bit. Universal life insurance in Canada belongs to the permanent insurance category. Typically you would consider universal life if you’re looking at life insurance needs for the rest of your life - forever. i.e. you know today you want ... More About: Thoughts
Five common mistakes when buying life insurance
2009-01-17 16:41:00 Viagra Online Here are perhaps the five most common mistakes consumers make when buying life insurance. Avoid them, and you’ll be better off (and have more money in your pocket). Failing to shop around on price. Agents and brokers all have their own favourite companies they promote and sell. But does company matter? ... More About: Life , Buying , Insurance , Life Insurance , Common
Should I switch to seg funds from mutual funds?
2009-01-15 16:05:00 In the current investment climate, the guarantees inherent with a seg fund can start looking attractive to many people. So should you switch your investments from mutual funds over to seg funds? The initial response to that would be yes - if you are willing to pay a slightly higher management fee in return for ... More About: Mutual Funds , Switch
Seggregated fund guarantees
2009-01-15 15:45:00 In my last post I touched on the difference between seg funds and mutual funds. Now I want to touch on what guarantees are available within seg funds. Seg funds all have a minimum guarantee, but these guarantees vary by company. The following is a brief outline of what I would consider to be ... More About: Fund
Seggregated funds vs mutual funds
2009-01-15 15:30:00 Many Canadians keep their RRSP retirement savings in some form of mutual funds. We do have an alternative though - seggregated funds. Seggregated funds (or Seg funds) are basically mutual funds offered by life insurance companies. There are some fine technical differences (you’re not investing in the underlying funds, you’re investing in the seg ... More About: Mutual Funds
BMO to buy AIG Canada
2009-01-13 19:12:00 Good news! BMO (Bank of Montreal) is buying AIG’s Canadian life insurance operations. They picked it up for about $375 million. Full news here: Cnn Money BMO will merge AIG’s operations with their own. And by ‘merge’ I mean if you work at AIG, you’d best get your resume sent ... More About: Canada
RRSP or TFSA?
2009-01-06 16:06:00 InsureCan has just released a TFSA vs RRSP calculator. It compares and contrasts two scenarios; if you make an annual deposit (plus refund) into an RRSP, or if you make a partial deposit into an RRSP with the remainder going into a TFSA. This currently is the only calculator of it’s kind online at this time. ...
Registered Disability Savings Plans (RDSP)
2008-12-17 20:02:00 Registered Disability Savings Plans are savings plans intended to help families of disabled individuals save for their future. Like RRSP’s, the savings work best over the long term. The easiest way to grasp how they work is by thinking of them as an RRSP then comparing the differences and similiarities. Like an RRSP, a RDSP is ...
New AIG 30 year term product with exciting new features.
2008-10-28 00:17:00 AIG in Canada has just released a new 30 year term life insurance product that’s very interesting. I’m going to put aside the issue most folks currently have with AIG (given the bailout of their US corporate parent). I would like to preface this with a comment though. I personally prefer 30 ... More About: Features , Product
RRSP vs TFSA - Tax Free Savings Accounts
2008-05-07 20:05:00 In the last budget, the federal government created a new savings plan called a TFSA (Tax Free Savings Accounts). These savings plans will be available starting in 2009. These savings plans are similiar to to RRSP’s, with some technical but important differences. RRSP vs. TFSA TFSA RRSP Deposts to fund are tax deductible? No Yes Growth/interest earned is tax sheltered ...
Drawbacks to Critical Illness Insurance
2008-04-09 02:20:00 Critical illness insurance sales are hot in Canada right now. So why don?t I recommend it? More About: Insurance , Illness , Critical
Joint first to die life insurance
2007-12-20 18:09:00 If you’re a husband or wife looking for coverage on both partners sometimes the subject of joint first to die life insurance (JFTD) comes up as a cheaper alternative to purchasing an individual life insurance policy on both. And at first, this would seem like a viable option. However I do not normally ... More About: Life , Insurance , Life Insurance
Life insurance for stay at home moms
2007-11-29 15:45:00 This is a question that comes up frequently - how much life insurance should a stay at home mom buy? Well, there’s no firm answer; or more appropriately there’s no answer that can be easily calculated. However we can make some educated estimates as to how much life insurance you should be considering. In ... More About: Life , Insurance , Home , Life Insurance , Moms
Mortgage Life Insurance
2007-11-14 04:49:00 Looking for mortgage life insurance? Not so fast - there’s better alternatives. Rather than buying mortgage life insurance through the banks you should also consider an individual term life insurance policy. There’s two main differences between mortgage life insurance and an individual term life insurance policy: Individual life insurance is generally cheaper than mortgage life insurance Individual life ... More About: Life , Insurance , Mortgage , Life Insurance , Mortgage Life Insurance
Term Insurance vs Whole Life Insurance
2007-11-11 21:15:00 This question is often raised - is whole life or term life insurance better? The answer is not quite as easy as that - it’s both and neither. Consumers who compare product types at the front end of a buying decision like this are risking either overpaying or buying the wrong type of insurance. The answer to ... More About: Life , Insurance , Life Insurance , Term
Life Insurance for Pilots
2007-11-11 20:58:00 If you’re a pilot, you might be concerned about how life insurance companies will treat your avocation. Well, there’s good news and bad news (sort of). No matter what type of pilot license you hold most companies will ask you to complete an additional ‘Aviation Questionnaire’ when you apply. This form simply investigates in more detail ... More About: Life , Insurance , Pilots , Life Insurance
Children?s Protection Rider (CPR)
2007-11-10 20:26:00 There are four common riders available on life insurance policies. In no particular order they are Accidental Death Benefit, Guaranteed Insurability Option, Disability Waiver of Premium, and Children ’s Protection Rider (CPR). Out of all of those, CPR is the only product I routinely recommend. In most cases putting life insurance on children doesn’t make financial sense. ...
Disability Waiver of Premium
2007-11-10 19:23:00 Disability Waiver of Premium is another rider available on life insurance policies (for other common riders see Accidental Death Benefit). Disability waiver or premium (WP) is intended to waive your premiums should you become disabled. More specifically this rider will pay your life insurance premiums after generally 90, should you become disabled per the definition ... More About: Disability , Remi , Sabi
Accidental Death Life Insurance
2007-11-10 19:08:00 Most life insurance policies in Canada have a number of options available. These options are called ‘riders’ in the industry. One of the most prevalent riders is Accidental Death . The Accidental Death rider pays out an additional death benefit should you die as the result of an accident. That may sound nice, but ... More About: Life , Insurance , Life Insurance
Inaugural Post
2007-11-09 20:34:00 I’ve just repurposed this site; the blog was getting a bit stale. I’ve upgraded to the latest version of wordpress and added a new wordpress theme to make it look nicer and easier to read. It’s my intention to post here with information about term life insurance for Canadians. Feel welcome to register for an account ... More About: Post , Inaugural , Ural |
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