Participating whole life insurance is one of the most tried and tested products in the life insurance industry. It has had its ups and downs, but the stability, security, and simplicity of whole life has kept it as one of the most popular forms of permanent insurance. Despite this, clients are still often confused and bewildered by the high cost of the products.
Most agree that money can buy the necessities and a little more money can add a few extra comforts to our day-to-day lives. In fact, it is often debated whether a greater fortune brings longer life, but few medical studies have taken a serious look at this question.
Until now, a biopsy study looking for cancer usually involves either a sharp scalpel to remove the suspected tissue or a needle injected into the site requiring examination. What if a simple, inexpensive blood test could do the following: Continue reading “Liquid Gold: A Fluid Approach to Cancer Underwriting”
Is your client interested in putting money into their Tax-Free Savings Account (TFSA)? The new limit for 2019 will be $6,000.
The 2018 Federal Budget introduced new rules that can reduce the amount of the small business deduction available for active business income earned in a Canadian controlled private corporation where the corporation earns passive investment income beyond certain limits. Continue reading “2019 Brings Changes to Passive Investment Income”
With the legalization of marijuana across Canada, the insurance industry has also moved toward accepting recreational users on a larger scale and, more recently, on a non-smoker rate basis. Continue reading “Cannabis and Underwriting”
If your client is purchasing life insurance for the first time, they may have many unanswered questions. For example, they may be wondering about the types of life insurance available to them, and how much coverage they need to protect their families financially. This article will help answer some of their questions, as well as give them various aspects of life insurance to think about before and after they have made this important purchase. Ultimately, it will address five common misconceptions about life insurance that clients may have when purchasing it for the first time.
A Case Study
Josh is an insurance advisor who has built a successful practice over the past 30 years. He is trusted in the industry and has helped many clients build successful, and in some cases very complex, financial plans. Continue reading “How Smart Computing Protected an Advisor’s Business and His Clients”
Sometimes, medical tests done for underwriting purposes point to a potential health or mortality concern, even when the client has received a clean bill of health from their attending physician. This can result in the client being offered a ‘rated’ life insurance policy or being categorically declined coverage altogether even though the client reports, “But my doctor says I’m fine!” Continue reading “But My Doctor Says I’m Fine”
With countless misleading rules of thumb on the internet, it can be confusing for clients to know what to expect in terms of how much coverage their family requires. Continue reading “Debunking Life Insurance’s Rules of Thumb”