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Life Insurance Articles/ Videos

60 seconds and go with The Term Guy! This is our video series explaining everything you need to know about life insurance in 60 seconds. 

Types Of Life Insurance Explained- Part 1: Death Benefits

Life insurance has two attributes that we care about. The first is the insurance. That’s the death claim cheque you get when you pass away. And the second is the premiums or the cost of the life insurance.

Types Of Life Insurance Explained- Part 2: Costs

We saw in part one of this video series that from an insurance perspective, all life insurance policies are the same. A death claim cheque from one type of life insurance is exactly the same as a death claim cheque from another type of insurance.

Types Of Life Insurance Explained- Part 3: Term Life

We’re going to look at different types of term life insurance. The most fundamental type of term life insurance would be a one year term life insurance policy where the premiums go up ever single year based on your age that year.

Types Of Life Insurance Explained- Part 4 Permanent Life Insurance

If you recall from our previous videos, permanent life insurance is defined by a policy that has premiums that are level for life. In contrast with term insurance which is very inexpensive now but becomes more unaffordable as we get older.

Types Of Life Insurance Explained- Part 5: Best Types

In this video we’re going to look at the best type of life insurance. Now if you recall from our earlier videos, the different types of life insurance are built on different costs structures over different periods of time. And therefore, the best type of life insurance generally speaking is that which is cheapest over the period of time that you need it for.

How Much Life Insurance Do I Need?

In this video we’re going to look at the best type of life insurance. Now if you recall from our earlier videos, the different types of life insurance are built on different costs structures over different periods of time. And therefore, the best type of life insurance generally speaking is that which is cheapest over the period of time that you need it for.

How to Buy Life Insurance Online

In my experience, the biggest problem that most consumers have with purchasing life insurance online, is very simply a nagging feeling that they didn’t get everything right.

The Best Type Of Life Insurance Explained

Let’s look at the best term life insurance policies available in Canada. Now from a death claim perspective, one term policy is the same as another. A cheque for a million dollars from one policy is the same as a cheque for a million dollars from another policy. They’re both the same.

Renewable Term Insurance- Life Insurance 101

In this video, we’re going to look at renewable term life insurance in Canada. Now, this is becoming more important because some insurance providers are starting to release term life insurance policies that are not renewable.
The question is, do you care if you have the renewable provision or not? 

Convertible Term Insurance Explained

In today’s video, we’re going to look at convertible term life insurance.
Now, this is becoming increasingly important as providers are starting to roll out term life insurance policies that are not convertible. So the question of course is, do you care?

Life Insurance Exchange Options Explained

In the first five years of a term life insurance policy with the exchange option, you can do a direct swap for a longer-term without any medical evidence.
So if you’ve purchased a term 10 policy with the exchange option, in the first five years you can swap it out for a brand new term 20 or term 30.

Accelerated Death Benefits Explained

In this video, we’re going to look at accelerated death benefits which is a feature found in some term life insurance policies in Canada.

Term Life Insurance Riders

In today’s video, we are going to look at three common riders found in many term life insurance policies in Canada.

The Insurance Definition Of Smoking Explained

Importantly, the definition that gets used is the definition used by the insurance company, not consumers. So it’s possible that a consumer might say “well I’m not a smoker” and the insurance company says “in our context you are” and you’re going to qualify at smoking premiums.

Life Insurance For Smokers- Life Insurance 101

In this video, we’re going to look at a strategy that can help smokers who are planning on quitting save substantially in the earlier years of their policy.

Types Of Medical Exams

Consumers will traditionally categorize life insurance policies either into medical exam policies or no medical exam policies. But in practice, it’s much more nuanced than that.

How To Take Medical Exams

A medical exam these days consists almost entirely of a simple phone interview with a paramedical person, generally takes around 20 minutes and the purpose of the medical interview is simply for you to disclose your medical history to the insurance company.

The History of Term Life Insurance In Canada

The Complete History of Term Life Insurance In Canada, from 1756 to today. See the first actuary who created the original term life insurance prices hundreds of years ago. Recall the times when agents would collect life insurance premiums at your house every week! Learn about the American invasion of Canadian term life insurance and how it changed our term life insurance policies forever. See how the financial crisis of 2008-2009 killed some types of term life insurance. And tied all together with insurance industry insiders AND consumer advocates emphasizing the important of renewable and convertible term for over 100 years.

Backdating a Life Insurance Policy

If you recently had a birthday, or it's been about six months since your last birthday, you should read this article for a strategy to lock in your life insurance premiums at one year younger.