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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What are the Principal Types of Life Insurance?
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Five Tips On Finding The Right Life Insurance Policy
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.
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How is life insurance priced?
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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What Tests Are Required For Life Insurance?
Original Article Source Credits: moneyunder30, https://www.moneyunder30.com
Article Written By: Amy Bergen
Original Article Posted on: May 27, 2021
Link to Original Article: https://www.moneyunder30.com/tests-required-for-life-insurance
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What Is Insurance Portability?
Original Article Source Credits: the balance, https://www.thebalance.com
Article Written By: Justin Pritchard
Original Article Posted on: April 07, 2021
Link to Original Article: https://www.thebalance.com/insurance-portability-5121029
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What is short-term disability insurance?
Original Article Source Credits: MoneySense, https://www.moneysense.ca
Article Written By: NA
Original Article Posted on: NA
Link to Original Article: https://www.moneysense.ca/spend/insurance/life-insurance/short-term-disability-insurance-canada
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What Is Final Expense Insurance?
Original Article Source Credits: the balance, https://www.thebalance.com
Article Written By: Emily Guy Birken
Original Article Posted on: January 13, 2021
Link to Original Article: https://www.thebalance.com/final-expense-insurance-5095463
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What Are the Different Types of Whole Life Insurance?
Original Article Source Credits: The Balance , https://www.thebalance.com/
Article Written By: MARK CUSSEN
Original Article Posted on: February 17, 2021
Link to Original Article: https://www.thebalance.com/types-of-whole-life-insurance-5113036
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Term vs. whole life insurance: Which type of policy is best?
Original Article Source Credits: Money Sense , https://www.moneysense.ca/
Article Written By: COURTNEY REILLY-LARKE
Original Article Posted on: MARCH 18, 2021
Link to Original Article: https://www.moneysense.ca/spend/insurance/life-insurance/term-life-insurance-vs-whole-life-insurance/
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A Beginner’s Guide To Obtaining Life Insurance
If you have loved ones who depend on you for financial support, then purchasing life insurance will provide them with a financial safety net and stability. It also serves as a wealth accumulation tool when it matures before your death. Life insurance is very important and spending the time to set up the right one for your needs will enable you to focus on making the most out of your life. However, as there are several life insurance policies available with different features, deciding which one is the best can be challenging. To simplify the process for you, Camlife Financial Corp has designed a Beginner’s Guide to obtaining life insurance. Through this guide, we plan to educate you on the basic methods of finding an insurance policy that’s relevant to your requirements.
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Do you need life insurance in retirement?
Original Article Source Credits: Retire Happy , https://retirehappy.ca/
Article Written By: Jim Yih
Original Article Posted on: January 21, 2020
Link to Original Article: https://retirehappy.ca/do-you-need-life-insurance/
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Life insurance claims increase in Q2 due to Covid-19
Original Article Source Credits: Edvisor's edge, https://www.advisor.ca
Article Written By: Michelle Schriver
Original Article Posted on: October 28, 2020
Link to Original Article: https://www.advisor.ca/insurance/life/life-insurance-claims-increase-in-q2-due-to-covid-19
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Frequently Asked Questions About Life and Health Insurance
COVID-19 has brought insurance back into the public consciousness. Here are some FAQs that we get on a weekly basis:
So, to ensure you have all your doubts cleared, Camlife Financial Corp wants to arm you with the most accurate information available to help you get insured. To do this, we’ve answered some of the most frequently asked questions about life and health insurance.
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Ten Questions To Ask A Life Insurance Broker
Life insurance has numerous advantages like tax benefits, return on your investment and pay-outs from certain policies. While this is the case with most insurance schemes, it is important to do your research into the coverage your life insurance provides. Check the age criteria they look at to decide premium along with the long term viability and the rate at which you recoup your investment. This being said, it is easier to gain a deeper understanding of insurance benefits and the pitfalls you should look out for if you employ the expertise of a competent life insurance broker.
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Will the second wave of COVID-19 raise life insurance premiums?
Original Article Source Credits: Global News , https://globalnews.ca/
Article Written By: Erica Alini
Original Article Posted on: Oct 28, 2020
Link to Original Article: https://globalnews.ca/news/7427366/canada-life-insurance-premiums-covid-19/
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Life insurance costs are on the rise because of COVID-19. Heres how you can still get coverage
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Juliette Baxter
Original Article Posted on: Jul 10, 2020
Link to Original Article: https://financialpost.com/moneywise/life-insurance-costs-are-on-the-rise-because-of-covid-19-heres-how-you-can-still-get-coverage
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Questions About Life Insurance When You Are Over 50
Original Article Source Credits: The Balance , https://www.thebalance.com/
Article Written By: Dana Anspach
Original Article Posted on: July 26, 2020
Link to Original Article: https://www.thebalance.com/questions-about-life-insurance-over-50-2388596
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Critical Illness Insurance and Why You Need It
Original Article Source Credits: Young And Thrifty , https://youngandthrifty.ca/
Article Written By: Tamar Satov
Original Article Posted on: July 27, 2020
Link to Original Article: https://youngandthrifty.ca/critical-illness-insurance-and-why-you-need-it/
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Who Needs Life Insurance? 10 Ways You Can Use Life Insurance
Original Article Source Credits: The Balance , https://www.thebalance.com/
Article Written By: MILA ARAUJO
Original Article Posted on: May 14, 2020
Link to Original Article: https://www.thebalance.com/who-needs-life-insurance-2645793
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Life Insurance: Are You Covered During the Coronavirus Crisis?
Original Article Source Credits: Young And Thrifty , https://youngandthrifty.ca/
Article Written By: Tamar Satov
Original Article Posted on: July 20, 2020
Link to Original Article: https://youngandthrifty.ca/life-insurance-and-covid-19/