Do’s and Don’ts of Credit Cards

Do’s and Don’ts of Credit Cards

Credit cards can both be an incredibly useful financial tool as well as an easy way to accumulate and carry unnecessary debt. When properly managed, credit cards can make building credit and covering emergency costs much easier. But on the other hand, you can easily become overwhelmed by the interest rate on your card if you mismanage your debt.

Whether you’ve had a credit card for many years or are just getting your first card now, there are certain do’s and don’ts that everyone can learn from to ensure you are using them responsibly. This week, we’re taking a look at some of the best practices of getting and using a credit card as well as what you want to avoid to keep your credit score up. Continue reading

Simple Ways You Can Save on Life Insurance

Simple Ways You Can Save on Life Insurance

It’s understandable to look for alternative ways of saving money, especially in today’s society where living costs seem to be always going up. A way some people choose to save is to not purchase a life insurance policy because it’s seen as an unpleasant and unaffordable expense, but the reality is, people are often overestimating its cost.

You may think there aren’t any ways you could save money on life insurance, but you’d be very wrong. Don’t overlook getting life insurance because you’ll be putting your family at risk in order to save a few dollars. Instead, take a look at the strategies we’ve collected to help keep the costs of your coverage down. Continue reading

5 Financial Mistakes Millennials Typically Make

5 Financial Mistakes Millennials Typically Make

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

Teaching Your Children About Financial Responsibility

Teaching Your Children About Financial Responsibility

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

5 Questions You Need to Ask Your Life Insurance Agent

5 Questions You Need to Ask Your Life Insurance Agent

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

4 Common Health Conditions That Affect Your Insurance Application

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

How to Properly Prepare for a Life Insurance Medical Exam

How to Properly Prepare for a Life Insurance Medical Exam

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

Applying for Life Insurance After a Cancer Diagnosis

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

Why You Still Need Life Insurance as an Empty Nester…

Why You Still Need Life Insurance as an Empty Nester…

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

Single? Wondering About Life Insurance? Here’s Why You Need a Plan

Single? Wondering About Life Insurance? Here’s Why You Need a Plan

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