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    Term vs Permanent Insurance
    • Insurance 101: Term and Permanent
    • Date: September 03 , 2015
    • Like each of us, life insurance policies have different strengths. They each have their own purpose, features and benefits. When we're considering life insurance options we all look for different things depending on the specific needs of our own loved ones. When planning what life insurance is right for you, there are two terms you need to understand: “term” and “permanent”. These are two big product categories, and the products are designed for different needs. So let’s break them down so you can make some informed decisions. Both term and permanent life insurance will protect your family in the event of a premature passing by providing tax-free proceeds to help maintain their standard of living. But what’s the difference between these two products? Need coverage for fixed period of time? Term insurance is great for financial obligations that have a fixed duration, such as: mortgages, car loans, funding for a...
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    • Me to We Take Action Camp: Letters from Camp, part 2
    • Date: September 03 , 2015
    • Teachers Life sent two students to Me to We's Take Action Camp this summer! In the spring we took applications from Ontario students aged 9-18 for two scholarships for a week at Me to We’s Take Action Camp. Our winners were the amazing 17 year-old Jathusha Mahrenthirarajan and the delightful 12 year-old Falak Somani! Both girls sent us enthusiastic letters about their time at camp. We were thrilled to discover that both campers had a wonderful and inspiring adventure at this unique place. Read Falak's letter: Take Action Camp was an experience that I will never forget. It made my dreams become easier to achieve and has led to me to even more opportunities. (e.g, because of this camp I finally get to go to We Day!) To begin, the first few days of camp we talked about why we are all here, and what we are here to do....
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    • Me to We Take Action Camp: Letters from Camp
    • Date: September 02 , 2015
    • Teachers Life sent two students to Me to We's Take Action Camp this summer! In the spring we took applications from Ontario students aged 9-18 for two scholarships for a week at Me to We’s Take Action Camp. Our winners were the amazing 17 year-old Jathusha Mahrenthirarajan and the delightful 12 year-old Falak Somani! Teachers Life staff were so happy to hear that the campers had an inspiring time and we are thrilled to share with Members letters from both girls about this unique summer camp experience. Read Jathusha’s letter: With the generous scholarship from Teachers Life, I was able to do the two-week L.I.T (Leader In Training) program at Me to We’s T.A.C (Take Action Camp) this summer. T.A.C is a home like no other for youth who are passionate to the core about “being the change they wish to see in the world”. These two weeks, I have believed...
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    • 5 Common Myths About Life Insurance
    • Date: August 27 , 2015
    • In our Women & Financial Wellness blog series, we’ve been discussing simple tips and tools for making smart choices with your money. Throughout the series, we’ve shown how life insurance can be an important financial tool to protect your family’s financial future. Still, many myths exist about life insurance. Here are 5 common misconceptions about life insurance and the myth-busting facts that dispel them. Myth #1 Life Insurance Is Expensive Perhaps the most common misconception about life insurance is that a good policy will be prohibitively expensive. But the truth is a shocking 80 per cent of consumers overestimate the cost of life insurance (lifehappens.org, 2015). Of course, prices vary by the type of product you buy. If your needs and budget are basic, there are good, reliable insurance products available with the essential features. Often these can start for as little as $6 per month. The best thing to...
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