Here again this type of plan is offered in one form or the other by some of the insurance companies. Usually the benefit amount is to cover the cost of final expenses and may also offer a cost of living increase of approximately 3% per year to a maximum of $15,000....
Life Insurance is one of the necessities of life. However, few people like paying for life insurance policies. A key factor to consider in buying life insurance is to cover the income your family will be unable to replace in the event of your untimely death. This...
Not all policies are the same. Some give coverage for your lifetime and others cover you for a specific number of years. Some build up cash values and others do not. Some policies combine different kinds of insurance, and others may offer benefits while you are still...
The Waiver of Premium Rider provides that in the event of total disability, the insurance company will waive the premium. If total disability begins before age 60, premiums will be waived as long as the disability lasts. If total disability begins between ages 60 and...
Few people who have analysed life insurance have escaped the great debate over “Term vs. Permanent” life insurance. The wrong kind of permanent or term insurance can do more damage to your financial plans than just about any other financial product today. The basic...
In his 1999 budget, the Prime Minister introduced tax incentives for individuals to save for their retirement. The incentive allows for an individual to set up a Registered Retirement Savings Plan (RRSP) with a financial institution. The funds placed in such a plan...
