Blog Archives

12 Critical Illness Insurance Myths You Must Know Before Purchasing a Policy

Critical illness insurance is one of those insurance types that often gets neglected.

Here are a few statistics based on Manulife’s disability and critical illness calculator (a link is provided at the end of this article). If you are 30 and 40 years old respectively, here are your chances to get a critical illness policy before the age of 65:

30 years’ old

40 years’ old

Female

Male

Female

Male

19%

27%

18%

26%

~1 out of 5 women

~1 out of 4 men

~1 out of 5 women

~1 out of 4 men

Critical illness insurance provides funds as a lump sum when you are diagnosed with an illness that is named in the policy.

Read more ›

Posted in Critical Illness Insurance, Life Insurance
Tags: , , ,

111 Insurance Myths – Everything You Must Know

Hundreds of websites on the Internet perpetuate insurance myths. In this article, we have summarized all the insurance myths we are aware of and catalogued them by type, starting with home insurance, followed by auto insurance, life Insurance etc. If interested, you can unlock another 20 additional insurance myths at the end of our article.

Read more ›

Posted in Auto Insurance, Critical Illness Insurance, Disability Insurance, Home Insurance, Life Insurance


Life Insurance Rates Scout Is Live – Find Out if You Pay Too Much

Unlike auto and home insurance, life insurance is an insurance product that is much more difficult for people to understand. As a result, it is often unclear how much your term life insurance rates will be, how long you are covered under a policy, and the amount of insurance coverage you need.

Read more ›

Posted in Critical Illness Insurance, Disability Insurance, Life Insurance


Life Insurance After Heart Attack – How Much Does It Cost?

life-insurance-heart-attack-ratesA heart attack is a terrible experience for the person who has one and for that person’s loved ones. There are many reasons why you could suffer a heart attack, from inherited heart disease, stress or an unhealthy lifestyle. If this isn’t bad enough, after you have a heart attack,

Read more ›

Posted in Critical Illness Insurance, Disability Insurance, Health Insurance, Life Insurance


Cystic Fibrosis Life Insurance in Canada – What You Need to Know

lungsWhat is Cystic Fibrosis?

Cystic fibrosis is a critical illness that typically affects children and young people and has a life expectancy (on average) of about 37 years. It is considered a critical illness and it impacts various parts of the body, predominantly the lungs and digestive system. 

Read more ›

Posted in Critical Illness Insurance, Health Insurance, Life Insurance


Life Insurance for Parkinson’s Patients – What Can You Do

Life insurance.  It’slife insurance for parkinsons patients something a lot of people put off.  You’re healthy, active, and young—why bother with the extra expense right now?  Things can change pretty quickly when something goes wrong, though—when an accident occurs, or when someone is diagnosed with an illness like Parkinson’s disease.  Life insurance suddenly becomes a lot more dire. 

Read more ›

Posted in Critical Illness Insurance, Disability Insurance, Life Insurance


Life Insurance with a Pre-Existing Condition – Explained in Detail

Getting a life insurance policy can be complicated, but the situation becomes even more difficult if you have a serious precondition. Since we often receive questions related to types of life insurance people can get when they have particular preconditions, we decided to create a user-friendly reference sheet for you.  

Read more ›

Posted in Critical Illness Insurance, Disability Insurance, Life Insurance


Life Insurance Policies: 15 Fine Print Traps to Know

life-insurance-policies-trapGetting life insurance might seem like a boring task, but at the same time it is quite important to pay attention to the fine print on your policy. Today we will guide you through 15 life insurance policy traps based on InsurEye consumer reviews and discussions with insurance expert Lorne Marr.

Read more ›

Posted in Critical Illness Insurance, Disability Insurance, Health Insurance, Life Insurance


Buying Life Insurance: 6 Different Ways with Pros and Cons

There are several ways to buy life insurance and some are better than others. We put together a handy overview of purchase options, along with their major differences, pros and cons.

1. Captive Agents

Buying Life Insurance - Insurance AgentBuying life insurance through an insurance agent is the familiar way to buy life insurance.

Read more ›

Posted in Critical Illness Insurance, Disability Insurance, Health Insurance, Life Insurance


Life Insurance in Canada: Infographic

Life Insurance in Canada - Insurance Companies Landscape

How well do you know Life Insurance Landscape in Canada? This infographic shows key players in Canadian Life Insurance space. We divided all Life Insurers into several categories:

  • Big Three Life Insurers: Manulife, Great-West Life, and Sun Life
  • Insurers associated with Five Big Banks: RBC Insurance,

Read more ›

Posted in Critical Illness Insurance, Health Insurance, Life Insurance


Mortgage Insurance: 15 Reasons Why It is a Waste of Money

Mortgage Insurance is a Waste of MoneyBuying a home is exciting but it also comes with a lot of daunting trips to the bank, mountains of paperwork, and talking to realtors and lawyers before you sign the documents for your new home. Just before that purchase is complete, you are likely to hear these encouraging words from your lender:

“If you want,

Read more ›

Posted in Critical Illness Insurance, Disability Insurance, Home Insurance, Life Insurance


40 Ways to Save on Critical Illness Insurance

Photo Chantal MarrI think you will agree with me when I say that insurance, in general, raises many questions. There is a lack of clarity about how insurance rates are set and what factors impact your price.

Well, it turns out that Critical Illness insurance is even less understood than other insurance types.

Read more ›

Posted in Critical Illness Insurance


Top Six Issues Canadians Have with Their Auto, Home and Life Insurers

Unhappy Insurance CustomersInsurance is an essential part of life since it protects our main assets: cars, dwellings, life etc. But how do consumers feel about insurance?  What do consumers like and dislike about their insurance providers?  How do insurance companies measure up when it comes to service, value, and claims experience?

Read more ›

Posted in Auto Insurance, Critical Illness Insurance, Disability Insurance, Health Insurance, Home Insurance, Life Insurance


Life Insurance Companies Ratings: Consumer Study

Life Insurance Companies Benchmark CanadaIndependent Canadian company InsurEye conducted a regular consumer satisfaction analysis of life insurance companies (Lifecos) based on independent consumer reviews from InsurEye’s Customer Experience tool. Consumer insurance reviews cover many insurers and their products across the country.

Life insurance companies are rated using two main criteria: Customer Experience and Value for Money.

Read more ›

Posted in Critical Illness Insurance, Disability Insurance, Health Insurance, Life Insurance


8 Aspects Canadian Consumers Value in Insurers

Candian Consumers Value in InsuranceWhat aspects do consumers appreciate most of all in insurance companies? Each consumer has unique expectations, but overall there are commonalities. InsurEye has conducted a study analyzing over 600 independent consumer reviews to understand what consumers value the most in their insurance providers. The top feature by far is “Fast claim processing”.

Read more ›

Posted in Auto Insurance, Critical Illness Insurance, Disability Insurance, Health Insurance, Home Insurance, Life Insurance


Innovative Insurance IT Services: Tapping into Social Circles

Insurance is not considered to be an extremely innovative or exciting industry, and with reason. No one wants to be confronted with unexpected surprises when it comes to our protection. Being conservative in the insurance world is not bad, because less risk is a good thing.

Nevertheless, the world is not standing still.

Read more ›

Posted in Auto Insurance, Critical Illness Insurance, Disability Insurance, Health Insurance, Home Insurance, Life Insurance