How to go about securing the best policy for your insurance in Canada.
Latest News
Everything you need to know about your car insurance deductible + MORE Mar 12th
If you just bought a new vehicle or are reviewing your insurance coverage needs, you may have questions about your deductible. Questions like: How does a car insurance deductible work? Do I need one? Will my premiums be affected? And, how much will it cost me? Once you understand the basics, you can.... More »
Graduating Students and Guaranteed Health Insurance Oct 7th
Oftentimes graduating students have pre-existing medical conditions that will no longer be covered by their student health insurance.
If a graduate is able to get employment and if their employer offers employee benefits then their medical conditions will be covered by these group benefits. However,.... More »
Life insurance for kids: Do you really need it? Jul 23rd
Buying life insurance for kids is probably the last thing on your mind when you’re in the throes of diaper changes and round-the-clock feedings. But the early stages of parenthood don’t last forever—and it’s never too early to start planning for your little one’s (or ones’) future.
W.... More »
How to buy a car in Canada and get the best loan rate Sep 25th
You’ve read the car reviews, done the research and scoured for hours through literature on that car or truck, all while lining up pros, cons, rankings and specs against your budget and wants. You’ve shortlisted the contenders that you most want to press the gas on. That’s it: you’re buying a.... More »
How to buy a car in Canada and get the best loan rate Nov 28th
You’ve read the car reviews, done the research and scoured for hours through literature on that car or truck, all while lining up pros, cons, rankings and specs against your budget and wants. You’ve shortlisted the contenders that you most want to press the gas on. That’s it: you’re buying a.... More »
Universal Life Insurance
– life-insurance-quotes.ca
Universal life insurance is a hybrid policy that combines certain elements of both term and whole life. Universal life coverage offers the consumer the benefits of a more conventional term life policy and can build up a cash value more quickly than traditional whole life. It also offers a less rigid structure than whole life coverage.Its cash value can be linked to shorter-term interest rates or a combination of other investment options. This offers the potential of a greater rate of return than that of a whole life policy, resulting in faster cash value growth.
Flexibility
It is important to remember that the flexibility of a universal life policy varies depending on the plan type and insurance company. However, one common requirement is that all universal plans must have minimum face values (premiums and death benefit).
With a universal life insurance policy, your premiums as well as your death benefit are flexible (within policy limits) and can be adjusted depending on your current situation…
