Injury Disability Insurance Income Protection

VIDEO: Do You Need Disability Insurance? Learn about how disability insurance in Canada works for self employed people, business owners or those without employer sponsored benefits.

Ever wondered what underwriting means? Life insurance underwriting is the process by which an insurance company evaluates your risk and determines the appropriate price for your life insurance. Understand how they look at risk and what the outcomes of the insurance underwriting process might be.

Another money saving tip for buying life and health insurance. Pay your premiums annually if you can afford to. This will cost you a lot less over time as insurance companies typically charge 5- 8% extra for premiums just to administer a monthly payment plan. Annual insurance premiums will save you thousands.

5 Things You Might Lose Without Disability Insurance Disability Insurance Protects the Life You Live The importance of disability insurance is often overlooked, but it shouldn’t be. Disability insurance basically insures your income and provides you with benefits should you ever become unable to work due to disability or illness. Without the steady income you [...]

Backdating a life or health insurance policy can save you a lot of money over time. Even though you are saving your age as one year younger, and the premium savings per month seem minimal, they add up over time to be a large amount of money. Backdate your age if you can to save money.

VIDEO about Regular Occupation vs Any Occupation for Disability Insurance. The definition of your occupational duties can determine how long you will receive disability payments for. Be sure to review your disability insurance so that you have the proper occupational definition to make sure your benefits will be paid beyond the 24th month.

Life Guard Insurance’s Top 7 Articles in 2011 A year in review with only 7 stops 2011 was a big year for Life Guard Insurance. We have gone far beyond our first website – Life Insurance Calgary, and are now building an information network across Canada for the benefit of all Canadians. Reviewing the top [...]

What does it mean to live with illness? The Spoon Theory Not everyone who deals with a chronic illness looks terribly ill I know this website isn’t a resource for chronic illness, but having met so many people over the years who have been denied life and health insurance due to a chronic illness I [...]

Far too many Canadians who are ex-smokers are still paying smoker premiums on their life and health insurance policies. If you have quit smoking in the past be sure to have your life insurance company reduce your premiums for your insurance policies. If you qualify as a non-smoker you can get non-smoker rates on your life insurance.

The holiday season is not the most obvious time to do insurance and financial planning, but it might be one of the best times of the year. If you are at home over Christmas and taking time off work there is no better time to talk with family, plan for the future and have a relaxed meeting with a life insurance broker.

10 Things You (Probably) Won’t Hear From Your Doctor Infographic: Basic health tips to improve your life Here is another fund and informative infographic. We hope you enjoy these 10 basic health tips that you can possibly implement to improve your life and live longer with a higher quality or life each day.   We [...]

VIDEO: Business Overhead Expense Insurance or Overhead Expense Protection Insurance. A must see video if you are a small business owner who is involved in the day-to-day operations of your business and are the #1 asset the business has. Protect against ongoing expenses, like salaries, property taxes, rents, loans payments, etc. Keep your business running even if you can no longer work due to a disability.

Buy-Sell Insurance is actually just a life or disability insurance policy that provides large amounts of tax-free income for a business to be used to fund a Buy-Sell Agreement. The Buy-Sell Agreement is the legal document between partners/shareholders spelling out how assets will transfer and what compensation the deceased or disabled owner will get for their interest in the business.

Get Your Clients A Discount On Insurance Buying in bulk gives you a discount on insurance Everyone likes a deal—when laundry detergent is on sale, you stock up because you know eventually you’ll need it. The same could be true of life insurance, and your client could benefit from a volume discount by buying more. [...]

Via Scoop.it – Life & Health Insurance in Canada Buy-Sell Insurance Can Be A Tough Sell For Advisors Nearly every advisor will admit they are looking to land the investment portfolios of high net worth clients, but despite this focus the market remains underserved on the insurance side.   “There are more clients that are [...]

Sun Life Financial Canada releases their second annual Canadian Health Index for 2011. Get the full report (PDF) for download and read the news release summary here.

Did you know when you apply for life or health insurance you are not covered immediately? You have to qualify through an underwriting process. During that time you don’t have life insurance or health insurance, but you can get a Temporary Insurance Agreement while going through underwriting. It won’t cost you anything extra (basically free) but you have to answer a few medical questions to qualify for temporary coverage. Find out more about temporary insurance agreements.

If you smoke or use marijuana in Canada you can still buy life insurance. The life insurance company will not decline you for illegal use of marijuana – they will just charge you smoker premiums. Only if you were habitually using marijuana (using it daily) would you run into trouble when buying life insurance. The vast majority of Canadians who occasionally use marijuana will have to accept smoker premiums on their life insurance policy.

All life insurance companies in Canada are members of Assuris, an organization run by the federal Minister of Finance. The sole job of Assuris is to protect Canadian policyholders of life and health insurance policies from financial loss if their insurance company was to go bankrupt. They guarantee to transfer their life and/or health insurance policy to a solvent Canadian life insurer and guarantee at least 84% of the value of their insurance benefits and policy cash values.

Assumption Life FlexTerm is a great solution for protection from outstanding loans like your mortgage, car loans, lines of credit, etc. It is easy to apply for and can be done over the phone with a licensed life insurance broker. Don’t leave debt behind when it is so easy and affordable to get the life insurance protection you need. Talk to a life insurance broker today or contact us at Life Guard Insurance for help.

Mortgage life insurance video from CBC’s Marketplace. The dangers of filling out the bank’s mortgage life insurance application that can easily trip up Canadians. The application is designed to confuse Canadians and not pay life insurance claims.

This is the second article in the Mike Lipkin series. In this article we will go through Lipkin’s 10 Laws of Sales and Service Preeminence. Here the 10 Laws are spelled out with guide points on how to achieve each law. Incorporate the whole series of laws into your practice to become the BEST Insurance Advisor you can be.

This is the third article in the Focus on Health Insurance series. In this article we take a look at how financial pressures change for middle aged Canadians who are now try to build their retirement savings and create a secure nest egg. If a critical illness was to strike while they were still accumulating assets, their retirement plan might not survive the financial impact. And, planning for long term care costs is best done in middle age when the premiums are still low for long term care insurance.

When first meeting with a new life insurance broker, you should be ready with some basic questions about him/her and their experience in business. Getting to know them up front and learning something about them is very important. If you do business with your life insurance broker chances are you will both have a very long-term working relationship. Wouldn’t it be nice to really trust and like you advisor before buying anything from them?

Focus on Health Insurance #2: Growing Families What young families need to consider for health insurance coverage For many young families, health insurance is a very big issue. Even the basic ongoing costs of prescription drugs and dental work can add up to a hefty monthly bill. And, because young families usually carry high debt [...]

Long Term Disability Insurance is Complex to Design The many moving parts of long term disability insurance Long term disability insurance is one of the more complex insurance products to design for people. It has many moving parts and various riders and options that can be added to it. In this article we will cover [...]

Building a personal insurance portfolio includes methodically stepping through all the different life and health insurance plans. Your personal insurance planning should include these steps, done in this order: life insurance, disability insurance, critical illness insurance and health and dental insurance plans. This is your hierarchy of personal insurance planning.

For many Canadians the topic of health insurance is part of our national fiber and right of all Canadians. But the level of service we have come to expect from our provincial governments are dropping and many services are being delisted. Our economy can barely sustain the current levels of health services, and the wave of baby boomers has not yet hit the system. It is becoming more and more important for Canadians to plan for their own health care, using health insurance to fund it.

Protecting Your Largest Asset – Your Income – With Income Protection Insurance PPI Solutions Video about Income Protection Insurance   Many people consider their largest asset to be their home. Actually your largest asset is your ability to earn an income.   Imaging if tomorrow you couldn’t earn an income. How would your lifestyle change [...]

A life insurance broker in Canada brings a great deal of value to their clients. With access to many different life insurance companies, they have to continuously keep up with education, research the entire Canadian marketplace, and find the best value for the unique needs of their clients. Instead of a one size fits all approach that captive life insurance agents have, a life insurance broker can do so much more by bringing the entire life and health insurance marketplace to their clients, and guiding them through the choices.

If you are single without dependents you probably have no need for life insurance. Even if you are married with children you might want personal income and health insurance protection. Disability and critical illness insurance can provide you with income and lifestyle protection in case of an injury or life altering illness. The chances of getting sick or hurt are much greater than dying before age 65.

Jack Layton loses his battle with cancer on 22 August 2011. Why did the news come as such a shock to all Canadians? Even though Jack Layton was fighting a deadly disease we all believed he was so strong and such a fighter. The reality is cancer is a serious and deadly disease that can affect anyone. We should all be prepared financially for such a diagnosis in our lives, because there is no way to emotionally or mentally prepared for cancer to strike.

What is disability insurance? Disability insurance is a health insurance product that protects the insured from loss of their actively earned income due to an injury or illness. On top of that, a disability insurance policy has many layers of complexity. Read this article to help you understand how a DI policy works, and the many features and benefits you could get when designing a personally owned disability policy.

Manulife Synergy is the first new insurance idea in North America in over 20 years. This innovative new insurance policy combines term life insurance, critical illness insurance and disability insurance into one policy. You could save up to 40% over the cost of buying all policies separately. Designed for the average middle income Canadian, this new insurance plan is worth taking a look at.

What is insurance? Understanding the basic concept of insurance, how it is priced, applied for, etc. Insurance is the hedging of risk from one person or business to an insurance company in exchange for paying a premium. This is a good overview on how insurance works and how it can benefit you.

If you are self employed or without a group disability insurance plan, you should be looking to protect your income with a personal disability insurance policy. Here are 7 things you should consider when buying a personal disability insurance plan. These top 7 planning ideas can save you money, personalize and increase the value of your disability insurance plan.

If you suffer from a mental health issue or illness like depression, anxiety, burnout, chronic fatigue, etc. getting life, disability or critical illness insurance can be challenging. This article will help explain the risks associated with mental illnesses and how you can qualify for the insurance plan you need. Buy your insurance when you are stable and coping with your life, not at a time of crisis.

3 great reasons why business owners, either partners or primary share holders, would buy life and health insurance on the owners and key people. Make sure your business can fund a buy-sell agreement, cover the costs of a lost key person and shelter your profits from taxation.

When buying life & health insurance the standard price your broker shows you might not be the final price you pay. There are discounts for good health (preferred rates), increased cost for poor health or dangerous sports (rated policies) and an increased price for people who choose to smoke. Contact a broker to find out how you can qualify for the best possible rates in Canada.

If you own insurance policies or are considering buying life and health insurance, you probably want to get the best deal you can. Insurance feels very much like another added monthly expense, even if some policies can act as long-term investments. Buying the best insurance policy for your needs and getting the best price should be your goal. Here are 7 ways you can save money on your life and health insurance premiums in Canada.

Your best insurance advice is a Canada life insurance broker, but not all brokers are created equal. Be sure your life insurance broker has access to all major life insurance companies and key specialty insurance companies. He/she should also have technical and underwriting support from their Managing General Agency (MGA). Life Guard Insurance has all this, and is dedicated to being your best Canada life insurance broker.

There are 4 possible outcomes when considering buy insurance or not spending money on premiums. Either you will buy insurance or you will not. Either something happens and you claim on the insurance or you nothing happens and there is no claim. There is a cost and benefit, win-lose scenario for each of the 4 possible outcomes. Find out if its worth the gamble.

If you are a trades-person or a blue collar worker getting disability insurance to protect your income can be difficult and often expensive. At Life Guard Insurance we have a non-traditional solution of combining Injury Only Disability Insurance with Critical Illness Insurance to provide you with excellent coverage from loss of work and loss of income.

Professional Insurance: Life, Disability and Critical Illness Insurance for Doctors in Canada As a doctor or physician, you are automatically self-employed and need to look after all your own affairs. Doctors in Canada have access to some insurance coverage through the Alberta Medical Association (AMA plan). Like all group insurance plans, the Alberta Medical Association [...]

People are their own worst enemies: Illogical reasons to not buy insurance When you’re looking at life or health insurance, it is often common sense to plan for the worst that life can throw at you. Usually, a life insurance policy can be purchased for cents, if not fractions of cents on the dollar to [...]

Get your FREE INSTANT Online Life Insurance Quotes quickly and easily from Life Guard Insurance. We offer an open and convenient system to get as many different quotes as you want, quickly and easily. Feel free to contact us only once you have completed your reseach using the online life insurance quotes and any other information you can get from Life Guard Insurance website.

10 good reasons to buy disability insurance. If you don’t have coverage through work or are self employed you need to look at getting disability insurance now. Becoming disabled is your biggest risk and loss of income could destroy your financial future. Be proactive and get the disability insurance you need now before something happens.

Buying life or living benefits insurance isn’t something people are generally thinking about. Even though buying the right kind of insurance can be as important a financial decision as buying a home, it can be an uncomfortable subject to review.

There are certain times in life when insurance planning is top of mind, especially when your financial situation has drastically changed. This article will identify many of these life stages and give a brief outline of the insurance review you should consider adding to your priority list.