Cheapest Life Insurance

Manulife Living Care Underwriting Made Easy

Written on October 26, 2009 – 7:26 pm | by Admin

The following is a snapshot of Manulife’s underwriting requirements on their Long-term Care plan called Living Care. They do have the right to alter those requirements depending on the insured’s health history.

Age 70

• Living Care application
• Telephone interview

Age 71 or older

• Living Care application
• Face-to-face interview
• The insured’s doctor will also be contacted to verify additional medical information.

As a rule of thumb, Manulife does not require lab tests as part of their long-term care application process.

You can get additional information on Manulife’s Long-term Care plans, along with other long-term care providers by contacting us at 1-866-899-4849.

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How Not at Fault Accidents affect Insurance Premiums

Written on October 26, 2009 – 5:43 pm | by Admin

When one drives a car, there is always a risk of an accident. A not at fault accident means a driver gets into an accident and is found not at fault for the incident. Many drivers think that if they are in an accident where they are found not at fault, their insurance premiums will not be affected. Unfortunately, this is not always true.

Many responsible drivers found not at fault for an accident may still see their insurance premiums increase. Insurance companies establish their premiums on risk-factor, meaning an insurance premium rate is determined by the risk of a driver getting into an accident. As a result, even if you are found not at fault for an accident, your risk level will be increased by the car insurance company. Each insurance provider will have their own set of policies, but in general, they look at the driver’s risk of getting into an accident and adjust their rates accordingly.

The number of accidents a driver is involved in will affect the insurance premium, even if one is found at no-fault for the accidents. Most insurance companies will conduct their own investigation into an accident to find out who they think was at-fault. There are many insurance companies that state that if a driver has maintained a good driving record, and is involved in an accident where they are found not at fault, they will not raise the driver’s premiums if it is their first not at fault accident. In other cases, particularly if a driver is involved in a number of not at fault accidents, the insurance company will consider that although one is found at no fault so many times, the driver seems to have a driving problem so they will raise insurance premiums.

The insurance companies also look for cases of accident fraud which is when people get in car accidents on purpose to file a claim. As well, there are insurance providers that take the seriousness of the accident into consideration when deciding if they should raise one’s premiums. For instance, if a car backs into you, your rates won’t increase, but if there is an accident that totals the car, you may see your premiums go up.

Not at fault accidents can also affect insurance premiums in cases where the other driver who is found at fault may claim that you are the one at fault and take the case to court. Your insurance provider is normally involved in the case which ends up being quite expensive for the insurance company. As well, even if you are not at fault after an accident, but you have a previous violation such as a speeding ticket, your insurance premium may go up. The increase in your premium may take place because the second accident puts you in a higher risk category. As well, if you receive a discount on a device you use in the car such as a motorized seatbelt, and you were not wearing it at the time of the accident where you were found not at fault, the insurance provider may take away the discount causing your premium to go up.

Any type of accident can cause your auto insurance premiums to go up. In order to protect yourself in the event of an accident in where you are found not a fault, ask your insurance company about their no fault policies.

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The Economic Effects of Unemployment Insurance in Canada

Written on October 24, 2009 – 2:15 pm | by Admin

It is undeniable that the current state of the Canadian economy is grim. Unemployment rates are at unprecedented highs and the labour market is at an all time low. During times of economic uncertainty and general unease about the market, social programs experience particular scrutiny and pressure.

Canadian Unemployment Insurance

Unlike the United States, where federal unemployment programs are run at the state level, the Canadian unemployment system is exclusively federal. The Canadian insurance policy is financed directly by employers’ and employees’ contributions. Up until 1991, general federal revenues also supplemented these contributions. The program is highly regional in that it provides for greater support in terms of duration of benefits and qualification periods to areas that suffer from higher unemployment.

Traditionally, unemployment insurance programs in Canada were designed to serve as a broad instrument of income supplementation that would sustain small communities and protect traditional occupations from forces of economic modernization. Those smaller communities with more traditional lifestyles happen to also be within the regions that see more support from the federal unemployment system.

Since the 1980’s, Canadian unemployment insurance programs have seen several different types of cuts, including duration of benefits, qualification periods, and amounts awarded. The government has withdrawn significant resources from these programs. These cutbacks have tended to hit harder in more affluent regions, while areas with higher unemployment still enjoy nearly the same levels of unemployment support.

Today’s Effects on the Canadian Economy

The combination of reduced benefits and the greater dependence on unemployment by the masses are culminating in an interesting end result. Since unemployment is up across all regions, the effect is greater economic fragmentation. We are seeing that smaller and poorer communities continue to uphold more traditional occupations and ways of life, arguably held up by strengthened support from federal social programs. On the other hand, the increasing level of unemployment throughout more affluent regions has created a mad scramble for more modernized industrialization.

EI’s New Pilot Programs

The Canadian government realizes that adjustments need to be made to the overall system. In 2008, it launched a series of unemployment insurance pilot programs to test different methods. The Working While on Claim project incentivizes the acceptance of all types of work while on EI benefits. The New Entrant/Re-entrant project is testing whether enabling new or newly returned members of the labour market to receive benefits quicker (along with providing greater awareness about the program) can reduce the individual’s future reliance on EI benefits. The Best of 14 Weeks project is testing a method to make EI benefit levels more closely tied to full-time work earnings for individuals with irregular work patterns, (such as freelancers and seasonal workers) and to convince workers to accept any and all available work by formulating their EI benefits based on the “best 14 weeks” of earnings over the 52 weeks prior to filing their initial claim.

These pilot programs inspire hope for improvement and more positive effects of the system on the greater Canadian economy.

If you’re planning to visit Canada, travel insurance in Canada is absolutely essential. Visitors to Canada insurance is available and it is a worthy investment. Not only will you be paying for Canadian travel insurance but you’re also paying for a peace of mind.

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YouTube – Breakdown Cover, Car Insurance and route planner …

Written on October 23, 2009 – 3:46 pm | by Admin

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Is an Adjustable Rate Mortgage for You?

Written on October 20, 2009 – 11:26 pm | by Admin

The time of the long term, fixed rate traditional mortgage are probably over. Most mortgages are now ARMs, or Adjustable Rate Mortgages. But even the concept of the basic ARM has undergone changes over the last years, as both borrowers and lenders try to adapt to changing market conditions.

And once we were used to ARMs, along come more different instruments, such as index ARMs, all this new options may help you obtain the best ARM for you.

If you choose a rate that is tied to an index that reacts quickly to fluctuating rates, you can take advantage every time the rates are falling. Lagging indices let the borrower know the bottom has been reached as rates turn upwards, and he can make his move, this will be a total benefit for you. The is the in which index ARMs are indexed:

The six month CD ARM- The underlying index reacts quickly to general rate changes, since the CD market is very changeable and flexible.

The twelve month spot ARM- This rate will change only 2% every twelve months. This will react more slowly than the CD ARM.

The six month Treasury Average ARM- This indicator changes more quickly since it is six months, but t- bills so not move quickly, so it is a slowly adjusting rate.

The twelve Month Treasury Average ARM- Reacts slowly to market moves, even more slowly than the six month Treasury Average ARM, since it changes every twelve months.

In this article you will find all the information you need in order to get the best adjustable rate mortgages rather than a fixed rate.

Finding the most satisfactory mortgage is not easy, you need to look the annual percentage that will be better for you and your whole family.

To get the best consumer handbook on ARMs you only need to look for it on the net and you will receive tons of information regarding insurance so now you only need to choose the right one.

The net is the best choice in our days to look for the best ARMs from the comfort of your house, you find better quotes for adjustable rate mortgages on the Internet than with your lender.

It is important to understand what are the best options for you when discuss about mortgages, you need to figure if a fixed rate will work for you as you may change all decisions and take adjustable rate mortgage.

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