Life insurance is an essential financial tool that provides peace of mind and financial security for your loved ones in case the unexpected happens. Among the various types of life insurance available, Level Term Life Insurance is a popular choice among Canadians due to its simplicity and affordability. In this comprehensive guide, we'll delve into the details of Level Term Life Insurance, explaining what it is, how it works, and why it might be the right choice for you and your family.

In a country as diverse and inclusive as Canada, taking care of one another is a fundamental value. Disability insurance is an essential part of the Canadian social safety net, offering financial protection and peace of mind to individuals who may experience a disability that prevents them from working. Whether you're new to the concept or looking to refine your understanding, this blog aims to shed light on the various types of disability insurance available to Canadians.

Life insurance is a crucial financial tool that provides peace of mind and financial security to Canadians and their families. In uncertain times, having the right type of life insurance can make all the difference in ensuring your loved ones are protected financially when you're no longer around. In this blog, we will explore the principal types of life insurance available to Canadians, helping you make an informed decision about which one suits your needs best.

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At Camlife Financial Corp, we understand that the process of applying for insurance can be quite a challenge. Insuring yourself can seem like a complex process, but with some preparation, you can complete the process quickly and easily.

After you apply for life insurance, you go through a process called underwriting with the insurance company. An underwriter works on behalf of the life insurance company to evaluate your application details, health information, and lifestyle to give you an insurance classification based on risk, which determines your premium. As experts in the field, we at Camlife Financial Corp have written down information about how you can get through insurance underwriting. 

Are you thinking about purchasing life insurance? Even if you understand the long-term benefits that a policy might provide for your family, purchasing life insurance can be intimidating. There could be a slew of options before you decide on the right coverage.

At Camlife Financial Corp, we are a life insurance broker that builds close relationships and listens carefully to our clients to determine their specific requirements. 

A disability may be an injury, illness, or affliction that prevents someone from performing occupational duties. Because most young people associate the risk of disability with old age or physically demanding occupations, the likelihood that they’d invest in disability insurance is slim. A common misconception we see is, “I’m young. I’m healthy. Nothing could happen to me.” However, what they fail to consider is that life is unpredictable. Unexpected illnesses or injuries can happen to anyone.

When you choose a life insurance policy, you want to secure your family’s finances. However, buying an insurance policy can be a time-consuming decision. You want to make the best choice for you and your family’s future. This requires a careful analysis of the benefits you want from your life insurance plan. Sadly, many individuals fail to do this and take an insurance policy that is inappropriate or insufficient for their needs.

The cost of insurance can vary from individual to individual and policy to policy. Monthly premiums for a ten-year term policy for a healthy thirty-year-old can cost around $13 per $100,000 of coverage. However, premiums for a sixty-year-old smoker can be over $100 each month for $100,000 coverage

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Article Written By: Amy Bergen

Original Article Posted on: May 27, 2021

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Original Article Posted on: January 13, 2021

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Meet Peter Tichbon, Camlife Financial Corp’s Group Benefits partner. Peter started his career four years ago and has a bright future ahead.

It’s tough to put into words Peter’s importance, but the reason we’re featuring him on our blog this month is to showcase our appreciation for his efforts. 

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Article Written By:   JULIETTE BAXTER

Original Article Posted on:  MARCH 29, 2021

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Article Written By:  TARA SEBOLDT

Original Article Posted on:  April 28, 2021

Link to Original Article:  https://www.thebalance.com/the-most-common-life-insurance-riders-and-when-you-should-get-them-5181209

 

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Article Written By:  MARK CUSSEN

Original Article Posted on:  February 17, 2021

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