| Insurance
- is one way to provide financial security for you, your
dependents or business partners. Taken
from the Fiscal
Agents Glossary |
Why
should you have insurance protection, and how much do you really
need?
When
you buy insurance your protecting the things you consider valuable
against permanent damage or loss. Whether you're insuring your home
against a catastrophic disaster as fire or loss of some of the contents
of a rented apartment - your paying the insurance company a small
amount of money - they assume the risk - If you make a claim they
write you the big cheque - in essence, your buying peace of mind.
Within
the Learning Centre - Insurance Section, you'll find information
on all sorts of personal coverage, a special glossary of life insurance
terms, sample term rates, articles describing aspects of whole life,
term and Universal life. Using the insurance tools, worksheets and
tips should help you figure out your insurance needs.
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| WinQuote™
Online Life Insurance Quote System |
The
online life insurance quote system WinQuote™
provides current cost of coverage prices - its interactive pages
and layout make it easy to obtain Canada wide comparison. The question
on how much to buy - starts with understanding the obligations you
have that require insurance coverage. The Insurance
needs analysis worksheet helps you gather is information.
 That
being said, insurance is not a simple matter. It requires insight
and consideration as to your future financial needs and obligations.
Over time your circumstances will change, your insurance coverage
needs to reflect those changes.
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Special
Glossary Of
Life Insurance Terms |
Insurance
coverage is also a major component when formalizing your financial
or Investment plan. Special glossary of life insurance terms, sample
term rates, articles describing aspects of whole life, term and
Universal life, and/or estate planning that provides for family
members, may require insurance to protect and guarantee capital
for the estate and/or provide liquidity, settle taxes,fee or the
structuring of charitable trusts or funds for business succession.
The terminology involved in
insurance issues can be confusing. For your assistance and reference,
we provide Fiscal Agents' Glossary
of Life Insurance Terms.
| Some common
considerations when buying insurance |
 |
Critical
Illness Insurance
Thanks to continuing advancement in medical science, today more
than ever before, Canadians face a high probability of surviving
a critical illness. Most people who suffer major illnesses such
as a heart attack, stroke or cancer survive the initial event
and continue to live productive lives for many more years. |
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Critical
Illness
Insurance |
|
Life
& Disability Insurance
One
of the most common mistakes made about life insurance is forgetting
that you are the biggest and most valuable asset. Your capacity
to earn a living and provide for your family is difficult to
replace. Life insurance and disability coverage simply protects
your dependents against the financial hardship that your death
or disability would bring. |
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|
Life
& Disability
Insurance |
|
Life
and disability insurance provides you and your family with the security
of knowing that you are protected should a disabling accident or
death occur. In essence, the insurance takes the place of the income
that is no longer being earned by the insured
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Are you buying the right type and how much do you need?
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Not knowing renewal rates can make "cheap" insurance
expensive.
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Do you understand the conditions of your coverage? Should
you replace your existing policy?
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What happens if I become critically ill? Critical Illness
Insurance coverage has an answer.
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Who's the major beneficially of mortgage insurance - you
or the bank?
-
Without key person insurance the death of a business owner
/ operator could drastically (if not terminally) jeopardize
the business.
-
The breadwinner becoming disabled can be more financial
devastating than dying!
|
Please consult a insurance professional prior to changing any insurance
policy. If buying insurance by mail on the phone or over the Internet,
check if the insurance company is allowed to provide coverage. Each
Provincial Government in Canada has a Insurance commission that you
can call to verify if the insurance company can legally sell you coverage.
| Featured
reading on Insurance |
|
Money Management Newsletter
|
The
Companion Advisor
|
| Sample insurance
quotations |
|
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|
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Index
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