Life insurance quote term  whole life insurance rate

Life insurance
Life insurance is a critical part of your long term financial planning. Every person with dependents should have life insurance. Life Insurance is particularly important if you are the sole breadwinner for your family. The loss of you and your income could devastate your family. Life insurance will ensure that if anything happens to you, your loved ones will be able to manage financially.

low cost life insurance policy company metropolitan

Universal Life Insurance
This universal life insurance policy is really best suited for a person who wants tax sheltered investments outside of their 401(k) or RRSP. Most of us are not maximizing our contributions in these retirement vehicles, so we aren't in the market for universal life insurance coverage.
If you think you might be in the market for universal life insurance you should likely seek some independent financial advice - not advice from a life insurance agent who has a vested interest. A financial advisor can look at your total financial picture and let you know if this product makes sense for you
Whole Life Insurance
Whole Life Insurance, also called Permanent Life Insurance, is bought for the rest of your life. You'll pay more than you would for term life insurance, but whole life insurance premiums do not increase with your age after you buy. This is one of the selling points. In the early years of the whole life insurance policy when you're a low risk, you'll pay more in annual premiums than you would with a comparable term life insurance plan. However, you become a higher risk at an older age, and the cost of term life insurance goes up. Therefore, the premium eventually becomes less than the cost of a comparable term policy.

RBC Life Insurance

Permanent Life Insurance.
Permanent life insurance is designed to provide insurance protection for the entire lifetime of the insured person. Many people appreciate this kind of security. If the insured person dies, his or her beneficiaries will receive the tax-free insurance benefit. Permanent life insurance is initially more costly than term life insurance. However, in the long run, it is often the more cost-effective decision.

Term-Life Insurance
Term insurance is designed to provide your family with insurance protection for a specific period of time. If the insured person dies within that time period, his or her beneficiaries will receive a tax-free insurance benefit.
For many young people or families just starting out, term life insurance is a logical choice. Initially, term insurance costs less than permanent insurance. Generally speaking, the younger you are, the less it costs.
Families with small children use term insurance to protect themselves during those crucial years when children are dependent. With insurance coverage, you have peace of mind knowing that if anything happens to you, debts would be paid and the children that depend on you would have a secure future.

Canada Life Insurance

Canada Life offers a variety of products to build your finances and protect them in the event of accident, illness, disability or death.

Term Life Insurance:
Protection for a limited period of time
Benefits if you die during the specified time
Cost is less than permanent insurance
Right to convert to a permanent policy without evidence of insurability

Universal Life Insurance:
Protection for lifetime
Part of the premium you invest covers the cost of the insurance
Tax-advantaged investment component
Flexible and Customizable

Participating Whole Life Insurance:
Protection for lifetime
Guaranteed Premiums
Guaranteed Death Benefit
Guaranteed Cash Value
Policy Dividends - although not guaranteed - can enhance your policy's long-term value on a tax-deferred basis without the risk of loss associated with equity markets

Non-Participating Whole Life Insurance:
Protection for lifetime
Guaranteed level premiums for life
Guaranteed insurance coverage for life
Tax-deferred savings component

Critical Illness Insurance:
A lump-sum cash payment usually just 30 days after the diagnosis of a life-altering illness
No requirement on how you spend the money

Disability Insurance:
Monthly benefit paid when an accident or illness causes you to be disabled and unable to work or earn an income.
Income replacement coverage for both businesses and individuals.







Health Insurance and Public Policy: Risk, Allocation, and Equity
Book by Greenwood Press, 1992

Introduction In the United States, we are faced with steadily accelerating costs for health care, high medical fees, and the exclusion of significant segments of the population from access to care. Among most industrialized nations, only in the United States are millions uninsured or remain in employment positions solely to preserve coverage. In no other country must the elderly become impoverished to qualify for public assistance. While there are many contributing factors to the high cost of care, one element is the payment system, which fails to reward constraint. Patients frequently do not know the cost of services provided and, more significantly, those with insurance do not express concern for cost. Further, too many insurance policies are artfully constructed to avoid high-risk individuals. Although medical care costs have been steadily escalating at 20 percent annually, nearly one in every seven Americans lack insurance. Not only do lawmakers press for change, but so do taxpayers, insurance agencies, health providers, and patients. At present, almost 60 percent of health care is sponsored by employers. Private coverage accounts for 7 percent, Medicaid 6 percent, Medicare 8.6 percent, military 2 percent, combined benefits 3.7 percent. This leaves a dangerously undercovered group of 13.1 percent of the population ( New York Times, May 27, 1991).

Who are those most at risk? For many, serious illness such as AIDS, cancer, or significant heart damage is grounds for exclusion. The rural poor, young workers without full-time jobs, the suddenly unemployed, the mentally ill, and the homeless are united in their exclusion from coverage ( Gold, 1989). Thus, daily, millions of people fail to receive necessary medical care. The public wants a health care system that will preserve freedom of choice for the patient but allows the physician to make medical decisions without fear of economic sanctions. Some observers are suggesting managed care, which ultimately creates a conflict of interest for physicians because they will be rewarded for deliberately limiting care. While we all stress the importance of quality care, the greater emphasis today has been one of concentration on cost containment and the elimination of abuse. Neither of these concerns, however, are likely to improve the overall provision of care. Some of the suggestions to be noted later may, in fact, help contain runaway costs, but considerable questions remain as to the implications for quality and responsive care. Prior to an understanding of health and the security provided by insurance, it may be wise to consider a definition of well-being. The three most generally used terms are life situation, morale, and happiness. Implicit within these constructs are concepts of life embracing purposeful progress toward goals, goodness of fit between the individual and the environment, as well as satisfaction with one's attributes ( Antonovsky, 1987). We now turn to a consideration of health within a social context.

We are beginning to evolve a system of health service based on the social value that everybody should have relatively equal access to health care, regardless of ability to pay ( Anderson, 1968). As a nation, we recognize that the well-being of the general population is a necessary starting point for productivity and an edifying sense of purpose. Too frequently, however, it is the poor who are excluded from health insurance and diminished by the lack of medical sophistication, even where marginal insurance is provided. The question of access is a complex one that includes within it questions of equity, cost, and consideration of patient compliance.

The biggest USA & Canada cities of operations.
  1. New York City, NY
  2. Los Angeles, California
  3. Chicago, Illinois
  4. Houston, Texas
  5. Phoenix, Arizona
  6. Philadelphia, Pennsylvania
  7. San Antonio, Texas
  8. San Diego, California
  9. Dallas, Texas
  10. San Jose, California
  11. Detroit, Michigan
  12. Miami, Florida
  13. Atlanta, Georgia
  1. Toronto, Ontario
  2. Montreal, Quebec
  3. Vancouver, British Columbia
  4. Calgary, Alberta
  5. Edmonton, Alberta
  6. Ottawa - Gatineau, Ontario/Quebec
  7. Quebec City, Quebec
  8. Hamilton, Ontario
  9. Winnipeg, Manitoba
  10. Saskatoon, Saskatchewan
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