Nestor Blumwald - Infinite Insurance

Often times I get asked about life insurance and whether or not it is a good financial investment. Well, the answer is not as simple as you might think, but hopefully, these questions will help you form a good guideline to an answer. Do you have financial dependents?  If the answer is yes then, a life insurance plan is absolutely needed. If by chance you get into a work-related accident or get affected by an illness that causes you to stay out of work then you might find it very difficult to provide for your family. A life insurance plan will allow you to keep providing for your family. Which type of life insurance do you need?  There are two main types: whole life and term insurance.  Whole life, as named, covers you for as long as you keep paying for the life insurance plan, and has the option of "cash value" which ascertains that this plan lasts for a lifetime. Whole term is the most popular life insurance Plan. Whole term is a plan for 10, 20 or 30 years...

Many people find life insurance to be a scary chore. When in reality, it's all about asking the right questions about your policy in fact, every second Canadian will not even bother to follow up with questions regarding their policy.  So what is it that I need to ask you might be asking? First Question: How much coverage do you need? Answer: this is really dependent on your current insurance coverage (if you have any) for example: if you are partially covered by your workplace, then you might want to consider applying for a policy regarding what you are not covered for. Second Question: do I need whole life or term insurance? Answer :  term insurance is generally cheaper than whole life. As you might assume, term insurance covers only a certain term and is therefore usually cheaper. Whole life, on the other hand, will cover you for life. For more information on everything insurance, check my article on important life insurance questions  or my article on...

Regardless of whether you are well off and earn income outside of home or not, You must realize and consider a situation of if you or your family were to be diagnosed with a critical. Medical bills are extremely expensive and can therefore easily affect most people financially. You might consider insurance to battle a potential scenario like this and you would be right to do so! So you know you need insurance, the question now becomes: how much of it do you need? A few simple questions you can ask yourself are: How much it would cost to pay off existing debts and loans such as credit cards or a mortgage? How much your family would need to cover large and limited time expenses? For example: your children’s post-secondary education. How much would your family need to aid you in covering your final expenses? For example: funerals, taxes, etc. To learn more about this subject visit  my article  on this here. You can also find us on  Twitter  and  Fac...

My name is Nestor Blumwald owner and founder at Infinite Insurance.  Being involved in the financial services industry for many years we have noticed an increasing trend in the need of critical illness insurance and with good reason! The constant advancements in medicine directly correlate with longer life expectancies as well as an increase in the chance of receiving a critical illness. What is considered to be a critical illness? Anything from Alzheimer's to heart attacks and cancer is considered critical illnesses. These types of illnesses require that you have critical illness insurance so that you are ensured to be covered in case you are affected! To learn more about this subject visit  my article   on this here. You can also find us on  Twitter  and  Facebook .