Cash value

RBC Insurance adds new participating life offering to help meet clients' future financial needs

Retrieved on: 
Tuesday, January 26, 2021

To help Canadians achieve their financial goals, RBC Insurance is adding to its industry leading line up with a new participating whole life product, RBC Growth Insurance, that will help Canadians protect what's most important to them while building cash value resources for the future.

Key Points: 
  • To help Canadians achieve their financial goals, RBC Insurance is adding to its industry leading line up with a new participating whole life product, RBC Growth Insurance, that will help Canadians protect what's most important to them while building cash value resources for the future.
  • "The decisions we make now will determine our financial future, even when we are no longer here to provide for our loved ones," says Maria Winslow, Senior Director, Life & Health, RBC Insurance.
  • "Our Growth Insurance offering can help our clients financially safeguard their loved ones, play a key role in estate planning and set up a stable retirement asset while guaranteeing life insurance coverage."
  • Participating whole life insurance provides Canadians with permanent life insurance coverage while allowing the premiums to be invested to meet future financial or retirement needs of the policyholder.

BMO Insurance Introduces Wealth Accelerator, a New Option on its Whole Life Insurance Plan

Retrieved on: 
Wednesday, September 23, 2020

New plan option offers higher upfront cash values that can be used as collateral for other opportunities, while allowing clients to benefit from the life insurance

Key Points: 
  • New plan option offers higher upfront cash values that can be used as collateral for other opportunities, while allowing clients to benefit from the life insurance
    TORONTO, Sept. 23, 2020 /CNW/ -BMO Insurance has expanded its Whole Life Insurance portfolio with the launch of a new plan option, the Wealth Accelerator.
  • Clients can choose either option when applying for a BMO Insurance Whole Life policy.
  • "Since the initial launch of BMO Insurance Whole Life in 2017, advisors and their clients have focused on the simple, flexible and guaranteed elements of this product," said Daniel Walsh, Vice-President, Business Development, BMO Insurance.
  • Both the Wealth Accelerator and Estate Protector options on BMO Insurance Whole Life Insurance policies offer the same simple product design, built-in flexibility, guarantees, premium payment options, performance bonus and riders.

Car Insurance 2020 Guide: How To Avoid Having The Car Stolen

Retrieved on: 
Sunday, February 16, 2020

The only coverage that will reimburse the policyholder if his car got stolen is the comprehensive coverage.

Key Points: 
  • The only coverage that will reimburse the policyholder if his car got stolen is the comprehensive coverage.
  • Even with comprehensive coverage, the policyholders will only receive the actual cash value of their cars, not the real value.
  • To prevent car theft, drivers should follow the next tips:
    Always lock the car.
  • On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

Sarraf Gentile LLP Launches Complimentary Review Service for Permanent Life Insurance Policyholders

Retrieved on: 
Monday, September 9, 2019

This complexity increases for people who purchase Universal Life (UL) or Variable Universal Life (VUL) policies.

Key Points: 
  • This complexity increases for people who purchase Universal Life (UL) or Variable Universal Life (VUL) policies.
  • Recent premium increases and lower than forecasted returns have resulted in many policyholders seeing their hard earned life insurance cash values dwindle.
  • For a UL or VUL policy that has been negatively affected by premium increases or lower than expected returns, Sarraf Gentile LLP can help determine whether the premium charges are lawful.
  • Sarraf Gentile LLP has extensive experience advising clients on life insurance issues and litigating insurance claims, with an emphasis on class actions.

GWG Holdings to Conduct Its Q2 2019 Earnings Webcast/Conference Call on Wednesday, September 11, 2019

Retrieved on: 
Thursday, September 5, 2019

The webcast will give viewers audio and access to PowerPoint slides that illustrate points made during the call.

Key Points: 
  • The webcast will give viewers audio and access to PowerPoint slides that illustrate points made during the call.
  • GWG Life provides value to consumers owning illiquid life insurance products across America, delivering $568 million more for their policies since 2006 than the cash surrender value on those policies.
  • GWG Life owns a life insurance policy portfolio of $2.1 billion in face value of policy benefits as of June 30, 2019.
  • For more information about GWG Holdings, email [email protected] or visit www.gwgh.com .

Knights of Columbus Insurance Launches Two Whole Life Insurance Products

Retrieved on: 
Tuesday, September 3, 2019

NEW HAVEN, Conn., Sept. 3, 2019 /PRNewswire/ -- Knights of Columbus ("K of C"), a Fortune 1000 insurer with more than $25 billion in assets, announced today that it has launched two more permanent life insurance products in The Knights Advantage Series in the U.S. and Canada: Limited Pay Whole Life and Single Premium Whole Life.

Key Points: 
  • NEW HAVEN, Conn., Sept. 3, 2019 /PRNewswire/ -- Knights of Columbus ("K of C"), a Fortune 1000 insurer with more than $25 billion in assets, announced today that it has launched two more permanent life insurance products in The Knights Advantage Series in the U.S. and Canada: Limited Pay Whole Life and Single Premium Whole Life.
  • Ron Franzluebbers, senior vice president and chief actuary, said: "These new whole life products will be competitive additions to our life insurance product portfolio, providing access to all the benefits of whole life insurance, including guaranteed cash valuesi and death benefits, at an affordable cost.
  • The Single Premium Whole Life policy provides permanent life insurance protection that is guaranteed to be paid up for life with just one premium payment.
  • Knights of Columbus offers life insurance, retirement income products, long-term care insurance and disability income insurance.

A New Article Explains The Main Advantages Of GAP Car Insurance

Retrieved on: 
Saturday, August 31, 2019

In this case, the insurance company will only reimburse the actual cash value of the vehicle at the time of the loss.

Key Points: 
  • In this case, the insurance company will only reimburse the actual cash value of the vehicle at the time of the loss.
  • Drivers should purchase GAP insurance in the following situations:
    The financed car depreciates quickly.
  • Policyholders that took a loan on their vehicle that is longer than 60 months are strongly recommended to purchase GAP insurance.
  • For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/
    Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes.

GWG Holdings to Conduct its 2018 and Q1 2019 Earnings Webcast/Conference Call on Tuesday, August 13, 2019

Retrieved on: 
Wednesday, August 7, 2019

The webcast will give viewers audio and access to PowerPoint slides that illustrate points made during the call.

Key Points: 
  • The webcast will give viewers audio and access to PowerPoint slides that illustrate points made during the call.
  • GWG Life provides value to consumers owning illiquid life insurance products across America, delivering $565 million more for their policies since 2006 than the cash surrender value on those policies.
  • GWG Life owns a life insurance policy portfolio of $2.1 billion in face value of policy benefits as of March 31, 2019.
  • For more information about GWG Holdings, email [email protected] or visit www.gwgh.com .

Worried About Market Volatility in Retirement? Consider Whole Life Insurance, Report Says

Retrieved on: 
Friday, June 28, 2019

In each case, scenarios including cash value of life insurance policies result in more income for retirees down the road than scenarios that dont include whole life insurance.

Key Points: 
  • In each case, scenarios including cash value of life insurance policies result in more income for retirees down the road than scenarios that dont include whole life insurance.
  • We often hear that we dont need life insurance in retirement because we have investments, but this research shows its harder for the market to beat a strategy with both life insurance and investments.
  • One scenario in which life insurance can pave the way for a greater income during retirement than investments alone is by using the cash value of life insurance as a source of income in years with market downturns.
  • This report demonstrates that cash value can also help mitigate inherent market risks in an investment-based retirement strategy.

Equitable Bank Launches Cash Surrender Value Line of Credit

Retrieved on: 
Friday, December 7, 2018

TORONTO, Dec. 7, 2018 /CNW/ - Equitable Bank, a wholly-owned subsidiary of Equitable Group Inc. (TSX: EQB and EQB.PR.C), announced today the launch of its Cash Surrender Value (CSV) Line of Credit that will give Canadians aged 50 and up another way to fund their retirement.

Key Points: 
  • TORONTO, Dec. 7, 2018 /CNW/ - Equitable Bank, a wholly-owned subsidiary of Equitable Group Inc. (TSX: EQB and EQB.PR.C), announced today the launch of its Cash Surrender Value (CSV) Line of Credit that will give Canadians aged 50 and up another way to fund their retirement.
  • Through the Equitable Bank CSV Line of Credit, Canadians can borrow up to 90 per cent of the cash surrender value of their participating whole life insurance policy without making ongoing payments and affecting the growth of their policy.
  • Equitable Bank's CSV Line of Credit is initially available to Canadians aged 50 and over who have a whole life insurance agreement with Great-West Life, London Life or Canada Life and adequate cash surrender value available in their policy.
  • EQ Bank, the digital banking arm of Equitable Bank, provides stateofthe art digital banking services to more than 66,000 Canadians.