Five important points to keep in mind when thinking about purchasing life insurance. Know why you're buying it, how much coverage is needed, whether to buy term or permanent, choosing additional options and affordability. There is no "perfect policy" that is suitable for everybody. The only perfect policy is one that is in force at the time of death of the life insured. Start by discussing with your family what your objective is for purchasing life insurance, and speak to a licensed insurance professional about your different options.
- Bill to prohibit genetic discrimination is now law
- Marijuana users may be eligible for non-smoker rates
- Manulife becomes the first insurance company in Canada to insure HIV positive applicants
- Weekend reading: biggest insurance policies, financial literacy, and more
- Disability insurance exclusions
- Weekend reading: term vs whole life, retirement planning, and more
- Which disability insurance riders should you get?
- Weekend reading: TFSA auditing, living off your dividends, and more
- Maximum issue limits for disability insurance
- Weekend reading: insurance after divorce, secret investing formula, and more
- How a joint last-to-die life insurance policy fits into your estate plan
- Should you consider joint first-to-die life insurance?
- 5 life insurance underwriting decisions you should be aware of
- How occupation class affects disability insurance
- Do you qualify for preferred underwriting?
- Understanding life insurance ratings
- Insuring the different stages of life
- Life insurance quiz: do you know the basics?
- How dangerous avocations affect your life insurance premiums
- How you can save money by layering your life insurance