Buying Insurance

What is the difference between Insurance Brokers and Agents? Insurance Brokers and Insurance agents both sell insurance. The key difference is that an insurance agent (also called captive agent) typically works for one insurance companies and thus can sell insurance policies of this company only. That limits consumer’s options to compare different products… Insurance Company vs Bank: Where Should I Buy Insurance? Both Banks and Insurance companies sell Life Insurance. According to the existing regulation banks are not allowed to sell insurance products in their branches other than Travel or Creditor Insurance... 

 


Having Insurance

How Often Should I review My Life Insurance Policy? Your Life Insurance policy protects your family and your close ones in case anything happens to you. Thus you want to ensure that in any case there is enough coverage to reflect your current life situation. Typically you want to increase you coverage if any changes in your life require more financial support… 

 


Submitting a Claim

Rejected Life Insurance Claim: What Should I Do? Insurers treat life insurance claims differently depending on the time when a death occurred Should a death occur within 2 years after a life insurance policy was issued, it may be contested by an insurer including an investigation. Such aspects of the life insurance policy will scrutinized as existing pre-condition or any fraud possibilities… 

Our Publications related to Life Insurance

Introducing a New Tool to Find Out What Issues Canadian Face with Their Insurers

Introducing a New Tool to Find Out What Issues Canadian Face with Their Insurers

The arrival of COVID-19 has pushed Canadians, more than ever before, online for finding and applying for insurance and banking products. It is not easy, though, to make the right choice without knowing if a particular insurer will be there when you need them the most. As the largest Canadian review platform with thousands of […]

If Life Insurance Plans Were Cars: How to Look at Various Types of Life Insurance in Canada

If Life Insurance Plans Were Cars: How to Look at Various Types of Life Insurance in Canada

Overall, insurance is considered a somewhat boring, though necessary, topic. On top of that, it is not always clear – there are plenty of various types of life insurance products in Canada that work differently. I decided to explain it in a bit of a different and funny way – I hope that you will […]

Insurance Companies in Canada – Easily Explained

Insurance Companies in Canada – Easily Explained

The life insurance landscape in Canada is quite unique. The infographic below shows all the key players and their size, reflecting their assets under management (AUM) based on life and wealth segments of the company’s business. scroll further down to continue reading In Canada, the majority of insurers fall under the umbrellas of three large […]

What is Travel Insurance, and Why Do I Need it?

What is Travel Insurance, and Why Do I Need it?

By RateHub.ca When it comes to budgeting for your vacations, travel insurance is one of those things that’s often overlooked. It’s easy to understand why: we have publicly funded healthcare in Canada, so many people assume that benefit applies to wherever we travel in the world. Unfortunately, that’s not the case. The cost of seeking […]

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

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 before […]