FP | May 14, 2009
When it comes to life insurance, you have two basic choices: Some for of cash value life insurance (including universal life) and term insurance. Cash value policies have been sold for decades and are owned by millions of consumers. As a “bundled” policy, it requires you to buy both your death benefit and a cash [...]
FP | May 9, 2009
I speak to many people about life insurance almost daily and I can see a complete confusion over what the various types of life insurance are. Some folks have read up on what the consumer advocates have to say and demand term life insurance. Others just have to have something where they “get their money [...]
FP | May 8, 2009
How Life Works? When you’re young, you may have young children to support, a new mortgage payment, and many other obligations. Yet you haven’t had the time to accumulate much money. This is the time when the death of a breadwinner could be devastating and when you need coverage the most. When you’re older, you [...]
FP | May 7, 2009
You should consider these four facts about Life Insurance Purpose: Life insurance should really be called “death insurance”, because its purpose is to protect the family against the premature death of the breadwinner(s). What you’re paying for You’re paying for a substitute for income. Remember when you calculate how much you’ll earn in a lifetime? [...]
FP | May 5, 2009
A recent survey showed that, while 89% of Canadians agree that life insurance should be part of sound financial planning, only 40% said they would know what to look for in buying policy. The same survey showed that 32 percent of Canadians felt they were under-insured. Although experts recommend at least six times your annual [...]
FP | May 4, 2009
Life insurance is not something that everyone likes to discuss, let alone try to compare quotes and then buy a life insurance policy. Unlike auto insurance, life insurance is not something you need to have by law. But if you want to provide a safe future for your loved ones after you are gone, life [...]
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