For the past little while it seems that insurance companies have been increasing rates left and right due to the low interest rate environment we are in. Premiums have only been getting more expensive and in this new world of prolonged interest rates premiums are at record highs.

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.

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.

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.

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?

If you are a smoker and you are in the market for life insurance in Canada, you know that smoking does cost you significantly more than a non-smoker.

When reviewing files of new clients, I notice that many of their existing life insurance polices in many cases do not have a waiver of premium option as a rider in place. Most insurance companies can provide this benefit on life insurance policies for a minimal amount and should really be considered when applying for life insurance coverage.

When you get a life insurance quote, you may get confused with the age displayed on the illustrations. You may come across one of two ways of calculating your age;

1. Actual age
2. Age Nearest Birthday

Yes, that’s right. The Empire Life Solution Series of term life insurance products provide coverage for customers for as long as they live. And it gets even better.

So you received a life insurance quote, met with a life insurance advisor and completed the application, the next step with many life insurance applications is to get an insurance medical examination. Here are some guides from two of the paramedical companies we use, Medaxio and ExamOne.