Life Insurance Calgary Life Insurance Calgary Sun, 14 Dec 2014 20:11:26 +0000 en-US hourly 1 Three Types of Life Insurances. Which to choose? Sat, 15 Jun 2013 07:20:43 +0000 CAadmin I’d like to talk to you about the 3 main types of life insurance coverages available.

If you’re thinking about getting life insurance, you’re probably trying to think about what type of life insurance plan makes sense for me.

There’s 3 main types of policies, let’s go through them.

Term- Term Life insurance basically is temporary coverage for a set amount of years. It’s the cheapest form of life insurance that you can get, and its going to cover you for a set period of time. The most common time frames are 10, 15, 20 or 30 years of coverage. Its good for a lot of people and most people set it up to cover the years that they need it the most. Often its used for people who have young children or if you’re a little bit older and you’re nearing retirement and want to make sure you’re family is left with something. If you want to make sure you have coverage until retirement, term life insurance would be one way to go, and it will  cover you for what ever amount of years you choose.

The next type is Universal Life insurance. Universal life insurance is a form of permanent insurance, and might have some build up of cash value depending on the coverage you get. Generally, when people need permanent lifetime coverage, I like to recommend getting something called, guaranteed universal life, which is basically a lifetime term policy. What does that mean? It means you have coverage until age 100, depending on the life insurance company and basically you have coverage forever. You pay the same premium, your premium never ever goes up and you have coverage forever. Some people like to know that they have coverage for the rest of their life no matter what, and guaranteed universal life is a good way to go.

Lastly you have whole life insurance. Whole life insurance is your most, let’s say “expensive” type of life insurance coverage that’s out there, and whole life insurance builds cash value and has some other guarantees with it. Generally this is going to be your most expensive option and most people are not going to go with this type of life insurance. In some special circumstances whole life has its applications and may be the best choice and I’d be happy to talk to you about it.

What I advise most people is generally look into term life or guaranteed universal life. Most people end up getting term life insurance or they get some form of permanent insurance like guaranteed universal life, if you have young kids depending on your age one of these two may be best.

If you’re looking for a quote on anyone of the above or have questions you would like answered, or simply want a quote to find out what the current pricing is, we are happy to help.

Contact us through our “Contact Us” page or go to our “FREE QUOTE” page and put any additional questions in our comment area of the form.



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Have you done a life insurance review lately? Tue, 04 Jun 2013 06:44:46 +0000 CAadmin When was the last time you took a look at your life insurance protection. Life insurance was developed to offer money for your family in case of your death. The objective being to offer your beneficiaries a way to reduce the monetary concern that result from the death of a parent or partner or spouse. The recipients can decide to use the payout of an insurance policy in any way they choose, such as paying for funeral costs and expenditures, covering mortgage or credit card payments or investing the proceeds and taking payments form that to enhance their earnings.

Typically, the benefit from a life insurance plan is paid free of federal tax. One of the most essential questions to ask when assessing a life insurance policy is the amount of protection needed. Numerous financial advisers suggest an amount of 5 to 7 times of your gross yearly income as a guideline when buying life insurance, but just like all things in life, each family’s objectives are different.

Needs Analysis

It’s usually best to take stock of your household’s present financial circumstances and then attempt to assess future requirements and possible demands. Detailing present and expected future expenses, as well as earnings sources is an excellent place to start. If there are children, you might wish to consider the cost of their education. The more youthful the children, the more of a requirement for coverage, due to the length of time they will be dependent on their parents income to help them get through school. Naturally, this is precisely the time when a household may have the least quantity of earnings available for insurance!

This is the reason there are different types of insurance policies available. The two broad categories of life insurance are :

Term Life Insurance

Permanent Life Insurance

Term Life Insurance offers protection for the pure cost of insurance for durations of 5, 10, 15, 20 or 30 years and is typically considerably less expensive than permanent insurance. The survivor benefit is only paid if you die during the specific term of the policy. At the end of the term, the insurance policy holder could have the ability to transform to a long-lasting policy or start a new term, at a greater expense.

Permanent Life Insurance offers coverage as long as you continue to pay your premiums, which can be tailored to your unique needs. Permanent policies include Whole Life, Universal Life and Variable Universal Life. These policies have a “money value” feature, meaning part of the premiums enter an account which builds up financial value over time. This is why the expense of a permanent policy is higher than term. Many times a combination of the two kinds of policies can offer insurance coverage and cost savings in stages for a lifetime. Do not hesitate to call me if you would like to evaluate your insurance needs.

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Buying Life Insurance After Age 50 Tue, 28 May 2013 18:44:12 +0000 CAadmin As a general rule, you can’t be too old for a life insurance policy. You may not need it for the exact same reasons you did when you were young and had a growing family, but there are various other beneficial reasons that a policy might be helpful at this time.

Life insurance is not just feasible after 50 but might even be recommended depending on your circumstances. A life insurance policy can be used to pay your funeral expenses and to make sure that you don’t burden your relatives with this expenditure.

A life insurance policy might also provide your spouse or partner with more monetary security than is currently available. Some people have found with climbing inflation prices and stock market fluctuations, the cash they saved up for retirement might not be sufficient. Proceeds from a life insurance plan can assist your spouse or partner to live easily and offer them the resources to pay for future medical care support or any number of things they may need as life continues on for them.

Life insurance coverage could be used as an inheritance for your grandchildren to ensure that they can pay for university or any type of higher education. In these difficult financial times, death benefits might help your kids pay off their home mortgage. You’ll be giving them the assurance of owning their own home and having some financial freedom.

If your family members don’t require the money, you could leave the proceeds to your favorite charity. Many charities rely on the contributions of people to accomplish their kind deeds.

 If you’re in fairly good health and have the cash to purchase term life insurance, it’s certainly worth thinking about, even if you’re 60, 70 or moving towards your 80s. As a matter of fact practically speaking, there’s a benefit to buying life insurance coverage when you’re older, due to the fact that death is more likely and imminent now compared to when you were younger. It’s not like acquiring a plan when you were young, not knowing whether your family members would ever even be able to use it. Now at least you know the money being spent on a term life insurance policy is likely to see a time when it benefits your relatives.

Can you still buy a life insurance if you have pre-existing health problems?

 As the risk of death is greater for people over sixty, many insurance firms don’t sell plans to people past age of 60 or 65 but some term life insurance policies are available for people right into their eighties. At that advanced age you can expect the premiums to be much higher taking into consideration your age factors and health, but buying a term life policy even when you are very mature, is often a possibility.

Some life insurance companies now offer life insurance for older people. They realize that insurance needs for older people are different from those who buy insurance at a much younger age. The underwriting process that these insurance firms have adopted scrutinizes your medical issues in greater detail and may put some restrictions on the policy.

Life Insurance Calgary helps people of all ages find a plan to suit their needs.

 No- medical insurance option.

If you do not quality, you could try purchasing a policy from a life insurance firm who offers a no-medical insurance plan. This means that you don’t have to go through a medical examination to qualify. This is another option, especially if you’ve got severe medical concerns, keep in mind the charges are usually much pricier.


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Disability Insurance – Is it right for you? Fri, 24 May 2013 06:19:35 +0000 CAadmin Disability insurance in Calgary is really a hot topic of conversation nowadays. The main reason is the fact that getting disabled is probably one of the greatest risks someone faces, mainly because of the negative financial effects it can have. Newly released studies indicate there are very high possibilities a person can face some long-term disablement within their lifetime. The younger you are, the more likely it can happen and therefore you should know every thing you can about disability insurance as well as its numerous elements. In this post, we are going to talk about about a few of the major reasons why  you might want to choose disability insurance coverage from us.

If you wish to function effectively every day, you need to be healthy. Undoubtedly financial prosperity is an important thing to have in life, but a person also needs to look after their health. If an individual falls ill, it becomes difficult to work, and the money making capacity of the person could easily get reduced or be eliminated. Keep in mind that your bills continue to come in even if you are sick or hurt. Additionally, banking institutions along and other lenders tend to be hesitant about lending cash whenever a individual is ill or injured. Generally, your best chance to purchase insurance is when you are fit and healthy. Once you get sick, it’s then too late to get disability insurance coverage.

Lots of people add individual disability insurance on top of their employer’s group disability coverage, which sometimes is very restricted. Even though you possess group disability insurance through your employer you may find that they only cover short term disability which is 6 months or they may only cover a long term disability which means that you would have to look after yourself for the first 6 months and then qualify for the long term (as most companies get more short term claims they may be trying to save money). Some companies don’t want to expense at all and don’t cover long or short term. If you are offered long term disability coverage, you want to make sure that you pay all the premium yourself as then the benefit (or payout) becomes non-taxable to you and means a much larger take home benefit. One additional important point when looking into your group plan LTD (long term disability), check that the definition of your illness means that you cannot do the duties of your own occupation to start with, many plans then change to “any occupation” definition after about 2 years. The “any occupation” definition is usually the point at which any but the most serious illness is not covered and if your group plan starts with that definition, don’t count on much coverage coming from there.

It is not at any point of time in your life you can get this disability insurance. You have to purchase this insurance when you are healthy. When a person is injured the insurance companies refuse to insure you because you are now considered a person who is a high risk. Even if you could get an insurance company to cover you, you’d probably have to pay very high premiums. So waiting to buy is not a good option, get your insurance coverage now.

Changing jobs is very hard when a person is hurt or ill. Occasionally, an illness or injury forces a person to change work or positions, due to the fact he or she is not able to carry out their present job tasks. Nobody wants to spend time at some work which doesn’t suit their capabilities and abilities. If you have the financial resource of disability insurance payments, there’ll be no need for you to rush into any job and you’ll be able to wait for the right type of work.

Finally, disability insurance is essential for self-employed individuals, given that they aren’t protected under any kind of group policy. If you are self-employed or working at a company with no type of group insurance plan then you are very vulnerable to earnings loss.

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Turned down for life insurance? Sun, 19 May 2013 04:03:57 +0000 CAadmin In years past, lots of people were declined for life insurance policies since they were considered to be a high risk. Insurance firms frequently demanded that candidates pass a physical examination that was done by a doctor of their choosing. If an applicant were not able to pass the test, they would not be able to purchase a policy.

Today, insurance companies are taking a much more liberal approach to people who previously would have been quickly declined. Some organizations are willing to look at and accept high-risk life insurance plan candidates. (Just ask us at term life insurance Calgary and we’ll try to put a quote together for you) .

Who are the people in the past that may have been deemed too high a danger? These individuals frequently consisted of those with cancer cells or that were diabetic, in addition to, those with heart problems, or various other significant life threatening conditions. A company may have even rejected a person who was working in a field that was considered hazardous or life threatening. In fact, previously an individual might have even been declined due to age, they were considered too old.

If you do have any of these conditions, an insurance company will most likely want to know a great deal about the scenario. Some of their inquiries will be such things as who your doctor is, exactly what kind of medicines you are on, how long you’ve had the condition and any treatments that you might be getting or have actually received in the past.

Companies frequently like to know exactly what kind of way of lifestyle their candidates take pleasure in. This does not simply include their day-to-day occupation but their leisure hours as well. An individual who is participates in extreme sports and/or other high-risk activities routinely could have been declined in the past. Now, however,some companies are willing to take the risk.

High-risk policies are not offered with all companies, and you could be needed to do a little hunting, however be consistent. Moreover, do not instantly presume that simply due to the fact that a buddy relates a tale to you about business rejecting someone with a condition or condition similar to yours, that you will not be able to get a life insurance plan. Or that, if you have the ability to get one, the premium will be off the graph.

We take the time to look at various life insurance companies, to help you find one. Be certain to explain your situation and be truthful. Any failure on your part to let the insurance company plainly learn about your condition or the withholding of any relevant information might lead to the policy being void when it comes time to collect.

You could be a high-risk life insurance candidate, however you can often still get protection. Usually we can find most everyone a practical policy that will fit their needs.

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Critical Illness Info Fri, 17 May 2013 15:29:38 +0000 CAadmin CRITICAL ILLNESS Info (Cancer, Heart Disease, Stroke, etc.)

Fact: 1 in 3 Canadians will suffer at least one critical illness in their lifetime, but most people do survive. A critical illness may have a big financial impact at a time in a person’s life when they can’t afford a big financial hit.

Critical illness is usually a singular event that can wipe out years of savings and hard work.

If diagnosed with a critical illness, how will you pay for and survive the critical illness?

What are some of the costs?

No pay cheque.
Time off work.
Cost for home care.
Possible home renovations to accommodate the illness.
Medical supplies.
Lost assets for retirement.
No further investment contributions.
Lost growth.

Solution: How will you take care of yourself and where will the money come from?

A critical illness insurance benefit is a lump sum of cash for you,  generally given 30 days after being diagnosed with a listed critical illness. You’re able to use the money in any manner you wish.

A critical illness policy can save your financial well-being and increase your odds of survival. It can mean less stress, better and timelier treatment.

Recommendation – Insure your assets and financial well-being against a critical illness occurring which could offset your retirement plans.

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Why Let Us Compare Life Insurance For You? Fri, 17 May 2013 05:35:09 +0000 CAadmin If its life insurance you’re looking for, our site will help you find the right quote.  With a few simple questions answered, we’ll do a comparison of a large list of life insurance policies brought to you by many of the country’s leading providers.

Whatever your reason for needing life insurance coverage, whether you’re looking for it to help you in your retirement years, to help with estate planning or to provide security for your loved ones, we have access to the information that will allow us to present you with a summary of the marketplaces best plans and available prices for your particular age, gender and health.

It only takes a few minutes and you could get coverage as low as  $12.15 a month (term life) depending on your specifics, so why not get started now?
Click here to be amazed at the money you could save on life insurance through our site!
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