Archive | Life insurance

New Baby on the Way?...

A couple lying on the couch looking at a table. She's pregnant.

Are you expecting a new baby? Congratulations! You'll soon be starting the job of a lifetime. You're probably more focused on furnishing their room than insurance, but a new family member means it's time for a new look at your life insurance and disability or critical illness policies. Life Insurance Policy At a minimum, contact ... Continue Reading

Is There a Cooling Off Period for Life Insurance?

A couple reviewing paperwork with a concerned look on their faces.

Sometimes when you sign on the dotted line, you wish you could take it back. In the case of life insurance, that's often possible. In Canada, most insurers offer a 10-day period (and some 20) in which you can cancel your policy, no questions asked. This "free look" offers valuable peace of mind, especially since ... Continue Reading

Credit Protection Insurance a plus for Most Canadians

A family of four moving into their new home.

A credit protection study conducted by the Canadian Association of Financial Institutions in Insurance (CAFII) found 87 percent of Canadians are happy with their experience. Credit protection insurance (CPI) is a safeguard for Canadians who start a new mortgage or open a home equity line of credit (HELOC) loan. Canadians are Satisfied with Creditor's Insurance ... Continue Reading

How to File a Claim on Life Insurance

Here are the necessary steps to take to file a claim on a loved one's life insurance policy.

Should You Choose Term Life or Permanent Life Insurance?

Term insurance versus permanent life insurance - what's best for you?