Foresters is not your typical life insurance company, with foresters you have added benefits when you become one of their members of their over 1 million. They offer an array of complimentary benefits including Grants and scholarships, family events, well-being benefits and community and volunteering opportunities.
TimeToInvest News Blog
Welcome to the TimeToInvest News blog for everything relating to Life Insurance, Group Benefits, Investments and all other financial and personal well being related articles.
I strongly believe that everyone should have life insurance. Many people feel that life insurance is for the unhealthy but the fact is life insurance is really for the healthy (you need to apply while healthy). When you become diagnosed with something that affects your health, the rates for life insurance can become substantially higher, that is if you can even qualify for life insurance at all.
Many Canadians will need their term insurance protection for more than 10 or 20 years, but you may still not have the need for permanent life insurance. One of the problems is that renewing your coverage or even buying a new plan in 10 or 20 years down the road comes with some risk.
Often times the owner of life insurance policy is the person whose life is insured. Owners can however include; parents, spouses and corporations. Once a contract is taken out there are varying circumstances where a policy holder would elect to transfer ownership to another person. Below are a few examples;
I am asked many times about life insurance with Group Employee Benefit plans versus individual life insurance and whether people need one or the other, or both.
Life Insurance products may be changing in the near future.
There is one theme that I keep hearing when life insurance carrier wholesalers visit me. That is that Life Insurance Policies as we know them today may not be around in a few years. The insurance industries landscape may look very different. With regulatory pressures and market conditions it seems these changes are inevitable.
Many employers offer group insurance programs to provide security for their employees, Budget conscious business employers are also looking for where they can get the biggest bang for the buck and an ASO (Administrative Services Only) plan might be for them. In Canada there are basically four different methods of funding benefits:
It is often important to appreciate the financial implications of death. Ensuring that you have a valid and a well-structured Will in place for you and other family members can be very important.
In these uncertain economic times many of us have or may have to deal with the painful experience of loss of employment and along with that we must face the loss of our employment benefits such as health and dental.
What if illness or injury made it impossible for you to work? Who’ll pay the bills? Who’ll pay the mortgage?
If you can’t cover the bills, who will? Set your mind at ease, you can get Critical Illness, Disability Insurance, and Life Insurance all in one!
What do you think of when you think about a “successful retirement”? Travel? The Spa? Golfing? Time spend with friends and family? For most Canadians, part of that vision involves being debt-free. Manulife Bank conducted a survey recently and found that nearly nine in 10 homeowners list being debt-free as very important to their vision for a successful retirement. This was right behind “good health” and about the same as “having sufficient retirement income”.
Premature death is not something that we often think about, but sometimes we need to take time to plan for our future including the future of our loved ones.
We all have reasons why we choose to buy life insurance, most of us do so to protect the standard of living of our families. Life insurance helps to provide protection by providing a tax-free lump sum of funds to our beneficiaries.
When considering buying life insurance we often think about providing for our loved ones. But what happens when you pass away? What can a beneficiary expect when filing a life insurance claim?
One of the many challenges facing a diabetic is when it comes to qualifying for life insurance coverage.
When a person is diagnosed with diabetes, life insurance policies can become unaffordable or unobtainable. This is because life insurance policies are underwritten by the insurer and they can charge a premium based upon an applicant's health status. In addition, the insurer can choose not to issue the policy based on information from the applicant's health status. One of the major factors in approved premiums is control. How well is the Diabetes under control?