Critical Illness Insurance Online

Can you financially recover from cancer, heart attack or a stroke?

Being financially secure means you never risk losing the two most treasured items we all have: our home and our lifestyle
. However, did you know that ...

* 1 in 3 Canadians will develop a life threatening cancer? *
* 91% of the patients who were admitted with a heart attack survive? *
* The death rate from stroke has decreased 50% since 1950? *




People are surviving with these critical illnesses due to medical advances. The main concern people like you have is ...
Can you recover financially from one of these illnesses? With the aging population, the Canadian health care system is under an increasing strain and it is unlikely that they will be able to provide the financial assistance and options you will desire.

Critical Illness (CI) is a new coverage in Canada that pays you a lump sum of money up to $2,000,000 if you are stricken by a critical illness and this protection can be purchased for as little as a dollar a day. No conditions are attached to these funds. You are the one who decides how the money will be spent.

We want to help you secure your financial future by ensuring you have the money to keep your home and lifestyle should you be stricken with one of the 21 Critical Illnesses covered within this plan. To read more please visit http://www.ArbetovInsurance.com


Michael Arbetov
tel: (604) 875-8878
fax: (866) 249-5260
e-mail: michael.arbetov@gmail.com
http://www.ArbetovInsurance.com

* Source: Canadian Cancer Society; Heart and Stroke Foundation of Canada

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Wawanesa Insurance - the story of success by Tim Baker

Wawanesa Insurance Company is a Canadian insurer operating on insurance market for more than a hundred years. It is one of the largest property and casualty insurers in Canada. Wawanesa owns a subsidiary company - Wawanesa Life, which is also targeted at the Canadian insurance market. In the 1970's Wawanesa has expanded its operations and established another subsidiary company in the United States - Wawanesa General.

Nowadays, Wawanesa has 1.800 employees working in Canada and the United States and 1.300 insurance brokers working in Canadian insurance market. In 2005 the Company earned $1.5 billion and expanded its portfolio to three billion dollars. It is one of the most reliable insurers in Canada.....



Buy Travel Insurance For Visitors to British Columbia, Canada Online Now


In the beginning

The story of Wawanesa begins in 1895 when Alonzo Fowler Kempton and Charles Kerr decided to establish an insurance company, which would be more efficient than the companies existed at the moment and consequently, could charge lower premiums. The idea was viable. Twenty local farmers liked the initiative and invested $20 each to finance the company. Thus, the company was born.

For the first few years Wawanesa Mutual Insurance Company experienced considerable losses, the fact that made it to diversify its coverage into a broader range of farm equipment and buildings, schools and churches. In addition, the company expanded its activity into new geographical areas - Saskatchewan and Alberta provinces. By the end of the century Wawanesa was protecting $1 million worth property. A few years later this figure grew to $20 million and in 1910 the company claimed to be "the largest Mutual Fire Insurance Company in Canada".

During the First World War the growth remained stable, and Wawanesa retained the name of a reliable company. In 1922 the company underwent a change in leadership. The new managing director, Charles Morley Vanstone was the man, who led Wawanesa Insurance through the hard times of the Great Depression.

Further growth

In 1926 Wawanesa offered its clients coverage on private buildings in towns and cities. In 1928 the company diversified its coverage more and issued the very first auto insurance policy. A year later Wawanesa was granted a Dominion of Canada charter, which meant the company could offer coverage throughout Canada. The years of the Great Depression had a little impact on Wawanesa. In fact the company strengthened and expanded during this period. It opened new branches in Montréal, Winnipeg, and Moncton within five years. While other businesses collapsed, Wawanesa prospered and before the Second World War Wawanesa had a reputation of a "straightforward organization, free from chicanery and all forms of trickery".

During the 1940's and 1950's, Wawanesa Insurance became known as an innovative company. For instance, the company offered low premiums to young British Columbians who completed either a Canadian Automobile Association approved driver course, or a high-school driving program.

In the early 1960's, the company opened its subsidiary - Wawanesa Life Insurance Company. For the next few years both companies grew steadily, however in the late 1960's the company faced a new challenge, which had a great influence on the company's future.

New expansion

After the 1969 election of a New Democratic Party government in Manitoba, all drivers were compelled to buy auto insurance policies from the government-established "Manitoba Public Insurance Corporation". This had a drastic impact on Wawanesa, since the company was the largest automobile insurer in the region. The company's income in Manitoba fell to one-third of what it had been a year earlier. This and other factors enforced Wawanesa to diversify its business. The board of directors decided to open a subsidiary company in the United States, and California looked as the most promising area for the new business.

A year later, Wawanesa opened a new office in San Diego, California. It was the right decision; the market was as large as Canadian. In the first month Wawanesa issued 102 policies and San Diego proved itself as the best possible choice. Over the next 20 years the local population increased in five times and Wawanesa was destined to grow with the region.

...

In 1996 Wawanesa celebrated its centenary. It is certain that stability and service, the values that have always been the backbone of Wawanesa, will continue to guide the company in its second century.

About Author or more Information:
Wawanesa Insurance Company

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Stay Protected: Access Online Whole Life Insurance

At one point or another we all need to decide if we want to take out a whole life insurance policy for ourselves. When you have the financial ability to do so, it is better that you get one for yourself. There are definite advantages of whole life insurance compared to term life insurance. In the rest of this article we will discuss why whole life insurance is always a better option and things to consider for buying whole life insurance quotes.

Solution for life

With a whole life insurance you will never have to worry again. Yes you will have to keep paying premiums all your life. But the very same fact also ensures that you are always covered. In the case of term insurance, you are covered only for a certain period and once that period is over you will have to get a new policy. There are, however, companies which do provide whole life insurance where you pay the premium only once. And then there are those where you will have to pay the premium once every fifteen years.

Level Premiums

One great thing that you will notice if you go through the whole life insurance quotes is that they require you to pay level premiums. Yes you will have to pay the premiums for your entire life. But there wouldn’t be cases like your premiums jumping up a few levels as it does in the case of renewing a term life insurance policy. Since you have to pay the same premium, the earlier you get yourself insured the less you have to pay per installment.

Dividend

Another great advantage with whole life insurance quotes is that they can pay dividends. A person gets a dividend from a whole life insurance policy only when the actual life insurance costs are less than the premium one pays. In case of such an event your insurance company may return a portion of the insurance premium to you. However, there is no guarantee that a company will definitely provide you with a dividend. Not all companies offer such an option. So don’t take this as a given, check what’s written on the policy papers. And in any case, no company could guarantee you dividends as there are no way they can calculate your medical costs in advance.

Guaranteed Cash Values

With term life insurance the money you invested does not accumulate cash value. But when you read the whole life insurance quotes you would see that a portion of the money you have paid towards the premium of your policy accumulates as guaranteed cash values. So if you ever decide to discontinue the policy you will receive your guaranteed cash values. Even if you have not surrendered the policy you can have benefits from it. For example, you can get a policy loan against your current policy.

What you receive as guaranteed cash value depends on the kind of policy you have. The amount you pay as premium, the length of time you have had it, etc.

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Life insurance article

Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured's death. In return, the policyowner (or policy payer) agrees to pay a stipulated amount called a premium at regular intervals....

As with most insurance polices, life assurance is a contract between the insurer and the policy owner (policyholder) whereby a benefit is paid to the designated Beneficiary (or Beneficiaries) if an insured event occurs which is covered by the policy. To be a life policy the insured event must be based upon life (or lives) of the people named in the policy.

Insured events that may be covered include:

* death,
* accidental death

Conditions not covered but which might be insured by forms of insurance or riders on life insurance policies:

* need for long term care.
* diagnosis of a terminal illness,
* diagnosis of a critical illness,
* disability due to ill health,
* permanent disability.

Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; for example claims relating to suicide, fraud, war, riot and civil commotion.

Life based contracts tend to fall into two major categories:

* Protection policies - designed to provide a benefit in the event of specified event, typically a lump sum payment.
* Investment policies - where the main objective is to facilitate the growth of capital by regular or single premiums.

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Related life insurance products

Riders are modifications to the insurance policy added at the same time the policy is issued. These riders change the basic policy to provide some feature desired by the policy owner. A common rider is accidental death, which used to be commonly referred to as "double indemnity", which pays twice the amount of the policy face value if death results from accidental causes, as if both a full coverage policy and an accidental death policy were in effect on the insured

Another common rider is premium waiver, which waives future premiums if the insured becomes disabled.

Joint life insurance is either a term or permanent policy insuring two or more lives with the proceeds payable on the first death.

Survivorship life or second-to-die life is a whole life policy insuring two lives with the proceeds payable on the second (later) death.

Single premium whole life is a policy with only one premium which is payable at the time the policy is issued.

Modified whole life is a whole life policy that charges smaller premiums for a specified period of time after which the premiums increase for the remainder of the policy.

Group life insurance is term insurance covering a group of people, usually employees of a company or members of a union or association. Individual proof of insurability is not normally a consideration in the underwriting. Rather, the underwriter considers the size and turnover of the group, and the financial strength of the group. Contract provisions will attempt to exclude the possibility of adverse selection. Group life insurance often has a provision that a member exiting the group has the right to buy individual insurance coverage.

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