Your life expectancy is one of the factors that determine life insurance rates. It's also one of the factors you should consider when buying insurance, to ensure your family is well prepared -- whether your life span is shorter or longer than you expect. Using the calculators listed below, you can get an idea of your life expectancy -- and more importantly, you can get an idea of changes you can make to increase your life span. In this day and age, we have a lot more information about how to improve and maintain our state of health through lifestyle choices. We know if we eat healthy, exercise regularly, sleep well and keep stress to a minimum, we can lead longer, healthier lives. Of course, genetics, fate and other factors also contribute to longevity, and no one knows for sure how long we will live. These tests can indicate your...
You never know what's going to happen in life. You can install smoke alarms, look both ways before crossing, eat your vegetables and use sunscreen. But you still never know. And it's the things we don't know that insurance is for. In the event of unforeseen circumstances, loss or just life, insurance will be there for you, saving the day. Here are some of the ways life insurance is a superhero. Life insurance protects your family In the event of your death, life insurance can cover medical and funeral costs and provide your family with financial security. Think of all the things you pay for -- mortgage, daycare, higher education. Life insurance can help take care of these things, saving your family from having to move, or having to struggle to make ends meet. Life insurance adds life to your years With permanent or whole life insurance, you can withdraw...
In the event there is a strike by the Canadian Union of Postal Workers, we will endeavor to provide continuous service to our Districts, policyholders and partners. Please read the following information to help you manage your account and to help ensure minimal disruption in service should a strike commence on July 2, 2016. If you need to: Submit a form, change request or claim to Teachers Life Insurance: please send us the information by courier , email , or fax (416-620-6993). Make an annual payment: please register or log into Members to make a convenient one-time payment by credit card. If you have further questions regarding the possibility for interrupted service, or are expecting information from Teachers Life, such as policy documents or a Premium Due Notice please contact us by email at insuring@teacherslife.com or call 416-620-1140 or toll-free at 1 800 668-4229 for additional assistance. Sincerely, Teachers...
Studies have shown that 80% of us overestimate the cost of insurance (LIMRA, 2015). This is detrimental for two reasons. One, monthly insurance premiums cost less than a coffee for many people. And two, insurance is one of the best investments you can make. Here's why: 1. Term Insurance is for financial obligations that have a fixed duration, such as a mortgage, car loan, or a child’s post-secondary education. This is like money in the bank, should there be a need to cover these costs. In other words, if you die during the term of the insurance, your financial obligations will be covered. 2. With Permanent Insurance, you are not only covered for life, your policy also includes cash value. In this sense, insurance is a savings plan that you can cash in after a specified period of time -- or that can be used to pay for expected costs...
