Helping to Protect your Future Today

Term life insurance is the most basic of life insurance products in that it has no savings component, and thus no cash value. By the name, it is purchased for a 'term.'

One of the most common uses of Term Life insurance is as "Mortgage Insurance" which is offered by banks and large financial institutions to provide funds to pay off a mortgage in the event of the premature death of a mortgage holder.

If you want the "Real Deal" on what you get with Mortgage Insurance you may be interested to know that the vast majority of Canadians who purchase mortgage insurance from a bank don't fully understand what they are getting - and what they are NOT getting. A investigative report by CBC Marketplace on February 6, 2008: "In Denial", reveals details about mortgage insurance that few Canadians know about - until it is too late. Watch the video clip to become fully informed and learn how an independent insurance broker can assist you in getting the right insurance for protecting your mortgage.

Term life comes in many different flavors, with differing terms and conditions, guarantees, etc. As with any financial services product, it is wise to do your research and seek professional advice so that you purchase a product which best meets your needs.

Term life can be purchased in many ways. Your employer may offer term life with special terms as a benefit to you and your family. Many affinity groups (alumni associations, professional groups, etc.) offer special products. Although term insurance may be available from many sources, purchasing an individual policy provides the best features and flexibility and often at a better price.

Contact our office if you would like more information about Term Life Insurance.

Copyright &copy 2011 AdvisorNet Communications Inc. All rights reserved. This article is provided for informational purposes only and is based on the perspectives and opinions of the owners and writers only. The information provided is not intended to provide specific financial advice. It is strongly recommended that the reader seek qualified professional advice before making any financial decisions based on anything discussed in this article. This article is not to be copied or republished in any format for any reason without the written permission of the AdvisorNet Communications. The publisher does not guarantee the accuracy of the information and is not liable in any way for any error or omission.