1998 January | Life Insurance

Archive for January, 1998

CANADIAN MUTUALS MOVE TO BECOME STOCK COMPANIES \ THREE KEY INSURERS CONVERTING OPERATIONS

Manufacturers Life Insurance Co., a mutual formed in 1887, has announced plans to convert to a publicly traded stock company.Sun Life Assurance Co. of Canada, a leading rival mutual formed in 1871, is expected to follow with a similar announcement next week. With Mutual Life of Canada already planning to ”demutualize,” that makes three of […]

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January 22nd, 1998 | Posted in Life Insurance | No Comments

COUGHING UP BIG BUCKS FOR LIFE INSURANCE PREMIUMS STEEP, BUT SMOKERS WHO SHOP CAN SAVE

Shopping for life insurance can leave a smoker breathless.When it comes time to plan for the hereafter, smokers quickly learn they pay higher- than-average premiums for term life insurance — coverage that pays benefits only after a policyholder dies. “Smokers usually pay twice as much as nonsmokers for life insurance, and it gets even higher […]

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January 17th, 1998 | Posted in Life Insurance | No Comments

Buying term life insurance

Term insurance is pure life insurance designed to protect your dependents from the financial hardships your premature death would bring. Here are some tips on buying the right policy: 1 Clarify why you are buying life insurance. If you have no dependents, you probably don’t need insurance at all. If you want to use insurance […]

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