About Aleksandra Emmerson

Posts by Aleksandra Emmerson:

Want a Good Toronto Online Life Insurance Plan with Great Rates? Lose a Few Pounds

Everyone knows life insurance focuses on a person’s health and well-being, but what are the chances that life insurance also promotes them? One CBC segment hosted by Jonathan Crowe caught the attention of financial advisor Jackie McCann-Scott. One person’s journey to qualify for an insurance application made him lose 130 lbs.
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Getting Toronto Life Insurance Rates to Suit Your Lifestyle and Budget

There are many factors that go into determining life insurance rates in Toronto and elsewhere through-out Ontario and Canada. Age, gender and health are the obvious factors but insurance companies also look at things you can actually control. In the industry they are called Lifestyle choices. Lifestyle choices are things like smoking, extreme sports, weight, driving records etc. Lifestyle choices can affect your insurance premiums both negatively and positively. For example if you workout, eat right and are fit you may be offered cheaper Preferred rates, conversely if you are a mad extreme sport maniac that smokes you will likely be rated, meaning you will have to pay more than standard rates.
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Making Informed Choices for Life Insurance in Toronto

This is a prime example of why people should avoid Creditor Insurance offered by lenders. There was only a simple questionnaire and after death this application went through the approval process and Mr. Foreman was essentially declined. Had he went to a Life Insurance broker and applied for proper underwritten insurance it is likely that he would have been rated or declined. At least he would have known prior to dying that he didn’t have insurance on this loan. A quality life insurance broker would have then sourced him some guaranteed issue insurance and at least he would have been covered.
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Toronto Life Insurance Brokers Help Families Become Financially Stable

The concept of life insurance is pretty basic—it exists to ensure that your family has what it needs should you—the income earner—unexpectedly pass away. MoneySense presents some facts on how Canadians view life insurance and sheds light on the fact that a lot of people don’t really know much about what they actually have and a full 30% don’t have any life insurance at all.
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Know How to Use Life Insurance on Mortgage—Ask an Insurance Broker

“Canada’s national housing agency has increased the cost of insuring mortgages for homebuyers who make down payments of less than 20 per cent.

Starting in May, the housing agency will charge an average of about 15 per cent more to insure mortgages, CMHC said in a release Friday.

Prior to the announcement, the premiums ranged between 0.5 per cent and 2.75 per cent. Under the new rules, they will range from 0.6 per cent to 3.15 per cent.

The changes are unlikely to have a major effect on the housing market, but in real-dollar terms, the move makes it incrementally more expensive to buy a home. A heavily leveraged buyer — someone with only five per cent down, and therefore borrowing 95 per cent of the home’s value — would be most affected by the hike.”

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What Determines the Life Insurance Rates of Toronto Policy Holders?

Life insurance is perhaps the best way to secure your family’s future should anything happen to you. If this is your first time getting one though, you’re probably wondering how much your premium will be. This article from Investopedia discusses the most common factors that affect insurance rates:
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Life Insurance on Mortgage Debt: Buy it while you are still Young

The basic rule of life insurance is: The younger you are, the more affordable the life insurance is. Knowing this, you’d expect young adults to be the majority of people who buy life insurance. Unfortunately, this is not the case. A Financial Post article by Melissa Leong relates how young people are seemingly indifferent about life insurance and its benefits:
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Ask about Life Insurance Rates in Toronto—Even When You’re Single

If you’re currently living the “single” life, then you’re very much aware of all its advantages. You get to watch TV whenever you want and as much as you want. You get the whole bed to yourself. You can move to a new apartment, a new city, a new country—at a moment’s notice. You can live the life you want without compromise or worry, except perhaps, when it comes to your finances. Kimberly Palmer reports, for US News and World Report:

According to a 2011 survey from USAA Life Insurance, the number of single people buying life insurance increased 10 percent compared to a year earlier. The biggest growth was among 20-somethings, which experienced a 24 percent increase in life insurance purchases.

The increase appears to be driven in part by the economy. During economic downturns, people across the board tend to buy less insurance, simply because they can’t afford it. So part of the increase in life insurance purchases, which is happening across multiple demographic groups, can be attributed to the economic recovery following the most recent recession.” More

Choosing a Toronto Life Insurance Policy: The Right Questions to Ask

No matter where you live in Ontario, whether it be a small town or a big city like Toronto, a life insurance policy is meant to protect the people who depend on you for financial support. Should the time come when you are no longer able to provide for them, life insurance can help fill some, if not all, of the financial void. A USA Today news article details the importance of Life Insurance:

Life insurance ranks at the top of the list of things consumers know they probably should buy, but get no personal enjoyment from whatsoever. There’s just no happy way to look at life insurance.

But while life insurance isn’t all that much fun to buy, much less talk about, it’s a critical part of many people’s financial plans. A life insurance policy is a pact between you and the insurance company. As long as you pay the bill, or premium, the company will be there to pay a death benefit to your beneficiaries if you pass away, giving them cash to get by.

The piece of mind consumers can get from owning a life insurance policy to protect their families from untimely death can be hard to quantify, but an important one nonetheless.” More

Life Insurance Brokers in Toronto Can Help with Insurance Cost Savings

Raising children, earning money every day, making plans for the future, buying a home are all dependent on you being around. Funding your plans for the family in the event of an untimely death is the main purpose of buying life insurance.

Dave Roos of HowStuffWorks.com explains the importance of buying life insurance.

“Life insurance is meant to replace your “value” to your family once you’re gone. For a working parent, a big part of that value is your salary. If you die, you’ll want your family to receive enough money to replace your salary for at least the next five to seven years.”

“Life insurance should really be called “death insurance.” Like other types of insurance, life insurance is protection against the unknown. When you buy life insurance, you’re paying for the peace of mind that your family will be taken care of in the event of your sudden demise. Life insurance is the life jacket in the fishing boat, the air bag in the car. You hope to never have to use it, but it’s nice to know it’s there.”

Once you have determined that you need or want insurance the first step is researching rates and products. This is very easy, be sure to find a life insurance brokers in Toronto that has a website capable of giving you information on the various products available as well as quotes. It is important to deal with an insurance broker that offers products from a wide variety of top tier life insurance companies so that you get the best price for your age and lifestyle.

how life insurance works

The cost of life insurance primarily depends on its type, either term life or whole life. By its name, term life insurance means it covers a temporary or specific period, typically 10, 20 or 30 years, the premiums are fixed for that entire term. As a result, term life insurance premiums are more affordable than whole life (permanent insurance).

Meanwhile, whole life insurance plans are designed to be with you for your entire life. Premiums start off much higher than term insurance but remain level for your entire life. Unlike term insurance you can count on this money as being a part of your estate. You will die someday and when you do, your beneficiaries (your children, spouse or favourite charity) will get these funds.

The cost of life insurance and options between the various life insurance companies can be quite different. Certain companies have better rates for smokers; others have better rates for pilots or people involved in scuba diving or other extreme sports. Still others are more forgiving of high blood pressure and diabetes. Some give preferred rates more readily or often for healthy individuals. Some have a higher incident of declining people they feel present a risk too great to insure. Each insurance company decides what they will charge for each age and condition. For this reason consider asking a knowledgeable Toronto life insurance broker like Insurance Advantage to help you compare rates and choose the best type of insurance for your specific situation.

(Article Information and Image from: How Life Insurance Works, HowStuffWorks.com)