Category Archives: Financial Planning

Joint Term Life Insurance Explained

Posted on: November 6th, 2013 by Peter Choma

First of all, what is “Term Life Insurance” ?

Term Life Insurance is where you take out a policy to cover a death of the insured for a set period – the Term. These are typically used by people who may have a mortgage, or other large repayment commitment, and require coverage to make sure that during the period of the commitment the payments are covered in the case of death. Once the Term insurance is finished you do not get any funds in refund for not making a claim against the policy nor do you get a surrender value.

Once you stop paying the premiums of a term life insurance policy, or joint term policy,


Read More

Ten reasons for using a Life Insurance Broker

Posted on: April 4th, 2013 by Peter Choma

Finding the correct life insurance policy can be easy, difficult, impossible, or just extremely frustrating depending on how much time you have to research it and the people who you end up talking to on the phone. Each person you phone with regards to a policy is going to try and get you to sign their policy by telling you about all of the good things, while conveniently glossing over some of the not so good things. Unless you are an expert at reading contract language there is a strong chance that you signed for something you may not have wanted. This is where an insurance broker comes in.

They know the product.

By definition an insurance broker sells insurance.


Read More

Life Insurance for Scuba Divers

Posted on: March 27th, 2013 by Peter Choma

Canada is known for its largest fresh water lakes in the world which makes it a place or destination to enjoy scuba diving. Many Scuba Divers go to Canada to enjoy this adventurous thing to do. Scuba Diving is known to be exciting more than ever now that you don’t have to rely on a breath hold or air pumped from the surface. It is now a lot safer and a free way to scuba dive by carrying your own air source in a tank. This allows divers to move freely under water more than that with an airline.

Scuba Diving is an adventurous thing to do without any doubt but with the adventurous things comes the risk of injury or dealth.


Read More