Tag Archives: Life Insurance Canada

Can I Still Buy Life Insurance If I Have Diabetes?

Posted on: May 30th, 2023 by Peter Choma

If you have diabetes, you may wonder if it’s possible to secure a life insurance policy to protect your loved ones financially. The good news is that having diabetes does not necessarily disqualify you from obtaining life insurance coverage. While it may present some challenges, understanding the options available and working with the right insurance provider can help you find the right policy to meet your needs.

 

Understanding Diabetes and Life Insurance

Diabetes is a chronic condition that affects millions of people worldwide. Insurance companies assess the risk associated with diabetes based on factors such as your age, overall health, management of the condition, and any complications you may have. Type 1 and Type 2 diabetics have different considerations,


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Strong Family Connections can Increase Life Expectancy

Posted on: June 28th, 2018 by Peter Choma

“The greatest gift you can give your family and the world is a healthy you” – Joyce Meyer

Over a century’s worth of research underscores the link between life expectancy, physical health and strong, healthy family connections. The researchers behind a new meta-analysis conclude family support can increase survival by up to 50 percent. Moreover, exercising or losing excess weight turns out to be less important to physical health than interpersonal social networks.

The researchers analyzed results of studies going back to the early 1900s with a total of 308,849 participants. Strong family connections were found to help improve health and extend life expectancy. This is done primarily by protecting individuals from stressful situations or establishing a standard of healthy living.


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Joint Term Life Insurance Explained

Posted on: November 6th, 2013 by Peter Choma

Joint Term Life Insurance Explained

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.  To have  Joint Term Life Insurance Explained, we have to talk about a few more topics. These are typically used by people who may have a mortgage, or other large repayment commitment. These people require coverage to make sure that 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. In addition, there is no surrender value.

Once you stop paying the premiums on a joint term policy,


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