Category Archives: Estate Planning

Why Work with an Insurance Broker

Posted on: December 21st, 2018 by Peter Choma

There are many reasons why one should work with an Insurance Broker
What is a Life Insurance Broker?

Working with a Life Insurance Broker is the best way to buy Life Insurance. A life insurance broker is a committed individual that encourages and listens to the needs of any individual. An insurance broker will be able to find appropriate rates for you to choose from. A life insurance broker can provide from many sources.  Specifically: we can shop for life insurance you require from a carrier in another city or province. This means that a Broker frequently offers better rates then a local life insurance company.

Advantages

There are many advantages in dealing with a life insurance broker when you want to obtain life insurance.


Read More

Do you have enough Life Insurance Coverage?

Posted on: December 21st, 2018 by Peter Choma

Life Insurance Coverage Amount

The average person in Canada does not have enough life insurance. Research shows that for those people who actually have life insurance coverage (about 30% of Canadians have no life insurance what so ever) $156,200 for insured individuals and $312,200 for insured households. Most life insurance experts suggest a minimum of 10 times annual income to provide a satisfactory amount of life insurance protection.


Read More

Life Insurance For a Charity

Posted on: April 15th, 2013 by Peter Choma

Life Insurance For a Charity

Some people have a charity that are near and dear to their heart. If you want to leave funds to a charity upon your demise you have the option of obtaining life insurance for a charity (LIFC). Throughout their lives they may give a considerable amount of their time and money to specific charities. Such individuals may also want to continue giving to these particular charities even after they pass on.

Although this may sound somewhat peculiar, there are a number of people that take this particular route. These folks want to ensure that their special charities continue to receive the monies even after a person’s demise. While you may choose to leave monies to a charity via a will,


Read More