Press Releases

Toronto Insurance Brokers Offer Affordable Life Insurance in Oakville

Toronto, Ontario (December 16, 2013) — Backed by their desire to provide the Greater Toronto Area residents with cost-effective life insurance, the online brokers at Insurance Advantage are now offering affordable life insurance in Oakville, Ontario. Along with life insurance packages, the company also provides critical illness, disability, and long-term care coverage plans for individuals. More

Insurance Advantage Offers Low Group Life Insurance Rates in Toronto

Toronto, Ontario (December 16, 2013) — Insurance Advantage is trying to make an impact on the local group life insurance market by providing packages from Ontario’s leading insurance providers at affordable prices. Offering their corporate clients incredible service and some of the best group life insurance rates in Toronto, the company hopes to emerge as a leading broker in the Greater Toronto Area. More

Insurance Advantage Offers Dependable Life Insurance on Mortgage Plans

Toronto, Ontario (December 16, 2013) – Insurance Advantage is offering life insurance on your mortgage for people who want to make sure they leave no debt behind. With this type of policy, an outstanding mortgage can be completely paid off in the event that the insured passes away.

Generally, banks offer insurance to individuals who get a mortgage through the bank. Most people readily accept the policy being offered without much thought or hesitation. Unfortunately, there are risks involved in accepting these offers, as explained in a CBC Marketplace episode entitled “In Denial.” The serious pitfalls include denied coverage as a result of post-event underwriting on the part of the bank. Post event underwriting means the bank only asks a few questions during the application process and then when a death occurs they begin investigating how the questions were answered by combing through your medical files. If they find inconsistencies they can and will deny the claim and deem your policy NULL AND VOID. Two more considerations are: coverage only lasts to age 65 or 70 depending on the bank and the cost of insurance increases due to the fact premiums remain level while the mortgage decreases with every payment. More