Hobbies That make your Life Insurer Squeamish

Things like smoking or having a high risk job will affect your life insurance policy – namely the premiums will be higher in relation to the risk you take. Most people, however, do not think of their hobbies when they take out a policy. What hobbies may make your Life Insurer squeamish? Some activities that you perform as a hobby in your spare time will make your insurance company very nervous. An obvious example;  having “skydiving” as a weekend hobby will affect your policy. It will cost you a lot more than someone who doesn’t go skydiving as you have a greater risk of being killed while enjoying this hobby.

Failure to inform your life insurance company of a potentially dangerous hobby could result in the company not paying out in the event of a death while partaking in that hobby,

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Online Life Insurance Broker

Life insurance is a difficult subject; it is a decision we all have to make, and a thing we all should have. It could be a simple policy that will pay out when we die ensuring our families are not overly burdened. Or it could be an investment for our retirement. The industry is full of difficult language, clauses, contracts, exceptions and fees. It is a minefield waiting to catch the unwary, and one that some people dread to walk upon. Online Life Insurance Broker makes things more secure, quicker, more conveniently and less expensively.

Insurance Broker

That’s why we have insurance brokers! They are here to make the minefield seems a little less perilous and safer to walk through.

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Return of Premium Life Insurance

So you’ve decided that you want the protection that only life insurance can provide for you, now what? What most Canadians will do will conduct online research. Next, deciding which particular type of insurance will best cover their needs. The choices that you have boil down to three basic types: term life insurance, whole life insurance and return of premium (ROP) life insurance. If you’ve made it this far, chances are you’re more than familiar with both term and whole life insurance but a little unsure as to what exactly ROP insurance is and the advantages it offers.

Return of premium life insurance is essentially a hybrid of term and whole life.

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