Most millennials today don’t have many years worth of financial experience under their belts as they enter the professional world. Often these young people find themselves to be quite confused when it comes to properly planning out their finances. With student debt and the difficulty that comes with breaking into the job market, millennials have plenty of factors that seem to hold them back from financial stability.
Aside from these obvious setbacks, some of these young adults aren’t always particularly wise with the way they spend and save their money. This generation tends to be very concerned about missing out on life and what their other peers are up to, making them less interested in being smarter with their money. Here are some of the most common mistakes millennials tend to make with their finances. Continue reading →
It’s not a shock that every parent wants their children to grow up with a balanced attitude towards spending and saving. But the reality is many people don’t know when or how to go about passing the proper financial values to their kids.
It’s never too early to begin teaching kids about the value of money and financial responsibility. By starting at a young age, early financial education will help your kids develop lifelong and positive spending and saving attitudes. The following simple steps will help shape your children into financially responsible adults and start them off on the right foot as they grow. Continue reading →
For some people, purchasing Life Insurance can be a large and complicated step to take in their lives. The combination of the multitude of policies and companies to choose from and the worry about finding your ideal plan can turn many people off of obtaining a policy. But don’t let this be the case for you.
When you finally decide to purchase a plan or if you just want more information, you should meet with a life insurance agent. He or she will be able to help you through the process of finding the coverage that works for you. The best way to make sure you and your family are getting proper protection is to ask the right questions of your agent. This week, we’ve compiled some helpful questions to ask your agent to make sure you are getting both your ideal plan and the most qualified person to guide you. Continue reading →
When applying for life insurance, you’ll be evaluated based on a number of factors like age, profession, and your health. Your current and past health conditions, in particular, play a large determining role when it comes to both your acceptance for protection and the premium you will pay.
The fact that your health condition is directly tied to your insurance application isn’t something that surprises most people. What does come as a surprise to some is when the thought of a seemingly “minor” issue turns out to be the leading factor for a denial. Insurance companies give these conditions a “red flag” because of their chances of developing into a more severe medical issue.
This week, we’ve created a short list of the most common conditions and illnesses that can cause you a headache when it comes to your life insurance application. Continue reading →
The number one hassle that comes with buying a life insurance policy is having to complete a health exam. It’s not required on every insurance plan, but for a majority, it is a necessary step to go through in order to get the coverage that protects your loved ones.
Like every other business, insurers want to make money, but how do they ensure that they do? In this industry, insurers divide applicants into various classes of risk, and a medical exam is just one way of doing that. So, going through a medical exam is most likely something you’ll have to face when getting insured. But it’s the exam itself that has many people frightened when it comes to actually getting a plan.
The exam is going to cover a plethora of medical tests and questions that you are going to want to be prepared for. This week we’re going to help you successfully prepare for and pass your insurer’s medical exams and questionnaires. Continue reading →
Facing a cancer diagnosis is one of the most emotional and trying times you can face in your life. During this time, careful planning is required for all aspects of your life. Among the worries of trying to eat better, following up with specialists, and staying on track with treatments, many cancer patients struggle with the thought of getting insured. With a cancer diagnosis comes the heartbreaking possibility of having to be prepared for the worst outcome.
Although this topic may be bleak, the Canadian Cancer Society’s most recent report on cancer statistics shows that people diagnosed with cancer today have a higher survival rate than those diagnosed a decade ago. But as with anything in life, cancer is erratic, making the need to shop for insurance all the more important.
If you don’t already have a plan and are currently facing a particularly severe diagnosis, it’s normal to worry about approval. This week, we’ve devised some helpful approaches to take when considering life insurance while battling cancer. Continue reading →
The time period of the “empty nest” is that point in life when your primary dependents, your children, have left to live on their own. During this time, you may very well be facing retirement or are already there, and the thought that crosses the majority of people’s minds is, “do I still need to be insured?”
With your most important responsibilities out on their own, you may think you need to downsize everything, including your life insurance. The reality is, you will still need the insurance coverage you have. There is always going to be something for you to protect which means there is always a need for a great life insurance policy.
This week, we at Instant Life Insurance are taking a look at the driving reasons behind the need for life insurance during your “empty nest” years. Don’t allow yourself to fall into the pitfall of believing you no longer need insurance, take a look at our reasons and see why your plan is still important. Continue reading →
Getting a quality life insurance policy isn’t just for those with the responsibility of supporting a family, anyone can benefit from life insurance. The common misconception is that people with families and dependents are the only targets for life insurance companies, but this isn’t true.
There are a number of great reasons why you should have a life insurance plan in place while you are young and single. You may not need the exact amount and types of coverage that someone with a family has, but there are combinations that work perfectly for singles and their lifestyles.
This week, our focus is on the top reasons why a single 20 or 30 something can find value in a life insurance plan. Also, we touch on how life insurance can prepare you for what your future may have in store. Continue reading →
Procrastination may have been your best friend in high school or university, but when it comes to life insurance it’s nothing of the sort. It is very common for people to put off actually getting insurance, as they use excuses like, “I’ll look into it tomorrow,” or “There is never enough time.”
Just as when you putt off paying your credit cards or other loans, you are costing yourself money when you delay getting a life plan. With time, different factors in your life can work against you getting affordable coverage. Life insurance isn’t something that should be considered optional as it is to some people. There is at least one crucial reason every family should have a life insurance plan, but why do people still choose to postpone the purchase? What can go wrong?
This week, we’re looking at typical reasons people give for avoiding a plan and how waiting can spell disaster for you and your loved ones. Continue reading →
According to a recent article by Stats Can, about 5.4% of the population has reported symptoms of mood disorders. Furthermore, 12.6% of adults in the country are facing a mood disorder with 11.3% of the adults being diagnosed with depression.
Depression is one of the most common mental disabilities that people suffer from on a daily basis. It comes in many different forms, all of which can make applying for an insurance policy more difficult.
Like any other aliment people may have, depression can hinder your ability to get the ideal plan you are applying for. If you have been diagnosed with depression you face obstacles of higher rates or a longer application process, it all depends on the severity of your depression.
This week, we are looking at an overview of depression, how the levels of depression can affect your application, and what insurers look for when facing an applicant with a mood disorder. Continue reading →