What is it? A pension plan is an annuity that is a tax-deferred investment vehicle packaged as an insurance product. A retirement plan / pension plan is offered to individuals and pays a fixed amount each month during retirement. If registered with the department of...
UNIVERSAL LIFE insurance is a variation of Whole of Life Insurance. It offers flexibility in the amount of coverage, rate of savings accumulation and the payments of premiums. You can decrease or stop premium payments temporarily as long as there is a cash value to...
A mutual fund is an investment product that pools together money from many people, and invests it in stocks, bonds, or other securities. Mutual funds allow you to invest in a wider range of securities than you would usually be able to, if you were buying from...
After you have decided which kind of life insurance is best for you, compare similar policies from different companies with your Broker to find which one is likely to give you the best value for your money. A simple comparison of the premiums in not enough; there are...
When you buy life insurance, you want coverage that fits your needs. First decide how much you need – and for how long – and what you can afford to pay. Keep in mind the major reason you buy life insurance is to cover the financial effects of the unexpected or...
Critical Illness Insurance is designed to help you maintain your quality of life and meet financial obligations in the face of a critical illness or accident. These policies pay you a specified lump sum payment, upon the diagnosis of a covered critical illness or...
