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INSURING WITH CARE™ BLOG

Top 6 Mistakes First-Time Home Buyers Make and Why You Need to Know About Term Life Insurance

Posted by Empire Life

Jun 13, 2017 9:20:38 AM

Signing a mortgage can be the best time for first-time home buyers to consider term life insurance.

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Topics: Helpful Tips

The Stages of Life Insurance Part III

Posted by Empire Life

Mar 16, 2017 10:00:00 AM

For many Canadians in their 50’s or older, their term life insurance policies may have come to an end. Would you know what to do next? As you get older, it’s important to re-evaluate your life insurance needs. How many years do you want to earn income before you retire? Or if you die, do you want to leave a financial cushion for your spouse, or contribute to your children or grandchildren’s education?

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Topics: Helpful Tips

The Stages of Life Insurance Part II

Posted by Empire Life

Mar 2, 2017 11:06:59 AM

Young or old, planning for the future with life insurance is too often forgotten or placed on the back burner. You should think about life insurance when you have financial obligations, responsibilities and priorities. Could your family cover the mortgage payments and household maintenance costs if you died too soon? Would there be enough money for your children’s daycare, tuition for college or university?

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Topics: Helpful Tips

The Stages of Life Insurance Part I

Posted by Empire Life

Feb 16, 2017 12:05:53 PM

Most millennials think they don’t need life insurance. But did you know that nearly 3 out of 5 millennials say that if they suddenly passed away they would be concerned about the financial wellbeing of their loved ones?For many in this age range, life insurance never crosses their minds until a life changing event like marriage or having kids takes place.

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Topics: Helpful Tips

Life Insurance Mistakes to Avoid

Posted by Allison Barton

Apr 14, 2016 3:01:57 PM

Life Insurance Mistakes to Avoid

There is no question that confusion exists when it comes to the topic of life insurance, and where there is confusion, mistakes can happen. So, to help you learn from other’s experiences, here are some common life insurance mistakes to avoid before, during and after you make a life insurance purchase: 

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Topics: Helpful Tips

Protecting your Home with Life Insurance

Posted by Allison Barton

Feb 2, 2016 2:15:00 PM

Couple with a house

Buying a home can be the single biggest purchase an individual will ever make.  

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Topics: Helpful Tips

Factors that Determine How Much Your Life Insurance Will Cost

Posted by Allison Barton

Dec 2, 2015 3:06:14 PM

How much you will pay for life insurance is based on several factors including your age, health and smoking status. Check out this infographic to help you understand all the factors that may influence your life insurance quote:

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Topics: Helpful Tips

Answering some important life insurance questions

Posted by Allison Barton

Oct 26, 2015 2:35:01 PM

Couple looking at laptop

Life insurance is an important part of your overall financial plan. We’ve put together some easy to understand video’s to help you get started with answering a few important life insurance questions.

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Topics: Helpful Tips

Lessons Learned - Irrevocable Life Insurance Beneficiary not so “Untouchable”

Posted by Allison Barton

Oct 20, 2015 10:22:00 AM

Family being severed

As a follow-up to our recent post on when an irrevocable life insurance beneciary may not be so "untouchable", Peter WoutersDirector of Tax Retirement & Estate Planning Services at Empire Life, continues to provide his insights on a recent court case where life insurance proceeds were made available to a dependant - despite the same policy naming another dependant as an irrevocable beneficiary as part of a separation agreement.

Lessons to be learned? Find out.  

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Topics: Helpful Tips

Irrevocable Life Insurance Beneficiary not so “Untouchable”

Posted by Allison Barton

Sep 30, 2015 1:30:29 PM

Family on Bridge

An "irrevocable life insurance beneficiary" refers to a person that is designated to receive life insurance benefits from a life insurance policy or segregated fund contract where that designation cannot be changed without that person’s consent, and on the death of the life insured the benefits do not form part of the owner’s (if he/she is the life insured) estate. This is set out in the Insurance Act. 

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Topics: Helpful Tips