insurance

Apr
11
2016

Insuring Your Mortgage Through Lenders

Marc and Lorna just bought a house and, like most home buyers, they needed a mortgage. During the financing process, they were offered mortgage insurance by the lender. They wanted to know more before taking the coverage.

Do we control the policy? Because the coverage is usually a group plan, the agreement is actually between the lender and the insurance company. Marc and Lorna would be insured under the policy and pay the premiums, but the lender would be the beneficiary and receive all proceeds on death.

Tags: 
mortgage
insurance
mortgage insurance
Dec
07
2015

Group Insurance Will Look After Me, Won't It?

Sally has been working for the same company for over twenty years. About a year ago, she was given a new group benefits booklet because her employer had switched insurance companies. Like most people, she put it aside and intended to read it when she "had the time." Sally was just diagnosed with terminal cancer and made the time to read her group booklet. She was upset to learn that the life insurance coverage with the new insurer was only one times annual earnings. The previous coverage had been two and a half times annual earnings.

Tags: 
disability
insurance
life insurance

Critical Illness Insurance

A critical illness can happen to anyone. And it does happen to many.

Canadians are more likely to experience a critical illness than they are to die before the age of 75.

For most people, the diagnosis is just the beginning.

Click here to watch video about Dr. Marius Barnard, the creator of Critical Illness Insurance.

If you become ill, your focus should be on recovery and regaining your health.

Disability Insurance

Everyone who enjoys good health hopes it will last for a lifetime. But it doesn't always turn out that way.

Sometimes life throws a curve.

Injuries can happen. A disability illness could dramatically change your life, your future, your family's lifestyle, as well as your financial security. A chronic disease or disability could keep you from working. Someone in your family could become injured and require personal care services. Insurance can't prevent those things from happening. But it can help you and your family cope.

Disability Insurance

Everyone who enjoys good health hopes it will last for a lifetime. But it doesn't always turn out that way.

Sometimes life throws a curve.

Injuries can happen. A disability illness could dramatically change your life, your future, your family's lifestyle, as well as your financial security. A chronic disease or disability could keep you from working. Someone in your family could become injured and require personal care services. Insurance can't prevent those things from happening. But it can help you and your family cope.

Subscribe to RSS - insurance
© Copyright 2024 AdvisorNet. All rights Reserved.