Hi
Anyone knows a good life insurance agent
or anyone has tried beamalife.com

Good insurance agent
Cheryl Lopes : 416 953 1273

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Immigrant Parents in Canada http://groups.yahoo.com/group/immigrantparentsincanada

good insurance agent, and he have a knowledge about his work + freelance agent to give best rate in market. If you need more information please PM to me.

Mahesh Patani
647-898-4742

P.S. - I am not a Insurance agent neither working behalf of any agent........

2 cents from myside

My husband has a mortgage insurance and want to switch to life insurance.He is 34.Which insurance should he go for: Permanent|10yr|20yrs

We have our auto n home ins from RBC.So I called them.This is what they offered me:

For $837,665

10yr Term:$393.43 (annual) or 35.41 ( monthly)

20 yr Term:$640.56 (annual) or 57.65 (monthly)


Any suggestions are welcome!

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Life is too short for drama & petty things, so Kiss Slowly, Laugh Insanely, Love Truly and Forgive Quickly.

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Coolgirl,

I am assuming that face value is not entirely your mortgage! Looks like RBC did your needs analysis to come up with this number.
First thing first. Mortgage insurance is nothing but life insurance. Basically mortgage amount is added to your liability.
To protect yourself, you should always take term insurance for the mortgage amount.
Eventually you will pay off your mortgage and will not need any insurance for that amount.
Even for rest of the amount I recommend term insurance
Permanent insurance is not for all. I can discuss more on that if needed.
That will be technical discussion. In short permanent insurance is good for estate planning, if you have someone dependent on you and is disabled, if you want to really really leave some additional money for your dependents etc

Just realized you may be getting a discount from RBC because of Auto and home insurance. It is the lowest at this time no doubt. but what happens if you switch you home and Auto insurance?
In this case BMO comes to be lowest as of today.
May be it is worth asking the rates if you do not have Auto or home insurance with them. You do not want to change life insurance everytime you change Auto and home insurance.


RSB

Pls check your PM

Also check the earlier discussed thread .. U might find some answers here
http://www.canadiandesi.com/read.php?TID=27487&page=1#161545

Quote:

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Originally posted by cool girl

My husband has a mortgage insurance and want to switch to life insurance.He is 34.Which insurance should he go for: Permanent|10yr|20yrs

We have our auto n home ins from RBC.So I called them.This is what they offered me:

For $837,665

10yr Term:$393.43 (annual) or 35.41 ( monthly)

20 yr Term:$640.56 (annual) or 57.65 (monthly)


Any suggestions are welcome!

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