<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=454479291403716&amp;ev=PageView&amp;noscript=1"> Armour Insurance Blog | life insurance
Armour Insurance Blog

Extreme Sports & Insurance: How to Protect Yourself

Posted by Alannah McEwan on Jul 18, 2017 3:20:08 PM

Whether getting your next adrenaline fix at home or abroad, if you’re an adrenaline junkie you’ll want to make sure that you're covered and that your insurance provider is aware of your thrill-seeking hobbies.

Read More

Topics: life insurance, travel insurance

Advantages & Disadvantages of Mortgage Insurance vs Term Life Insurance

Posted by Alannah McEwan on Jan 6, 2017 9:07:08 AM

Both mortgage insurance and life term insurance essentially serve the same purpose. However, there are some important differences. Each comes with advantages and disadvantages. It’s important that consumers do their research and understand these differences before selecting a policy.

Read More

Topics: life insurance, mortgage insurance

Why Now is the Best Time to Buy Life Insurance

Posted by Alannah McEwan on Dec 30, 2016 1:49:23 PM

If someone will suffer financially when you die, you need life insurance. It provides money to your family after your death. This insurance policy will replace your income and can help your family meet important financial needs like funeral costs, daily living expenses, and college funding. It will also protect your family from being burdened by your debt. 

Read More

Topics: life insurance, life insurance policy

Save Money This Year With an Insurance Makeover

Posted by Alannah McEwan on Dec 22, 2016 12:05:54 PM

Spending some time reviewing your current insurance policies, switching to a new policy, or identifying a new discount on your current policy can help you take better care of yourself, your family, and can help you save money.

Read More

Topics: Car Insurance, life insurance, home insurance, insurance

Your Mortgage Insurance May Not Be Valid

Posted by Rob Stevenson on May 23, 2014 3:28:00 PM

If you or your spouse ever have to use your mortgage insurance, will your claim be denied? If you got it from the bank, there is a distinct possibility that it will.

Mortgage insurance is actually just a life insurance policy based on the value and length of your mortgage. Its purpose is to pay off the remainder of your mortgage if you or your spouse should die. The surviving party then would not have the burden of paying off the mortgage on their own. The benificiary is the bank (not your spouse) and the value of the policy diminishes as you pay down your mortgage.

Read More

Topics: life insurance, home insurance, mortgage insurance

Different Types of Life Insurance - Which is Right for You?

Posted by Rob Marusin on Aug 17, 2012 11:11:00 AM

What's that??Although there may appear to be a vast array of life insurance policy types available, they all consist of one of two basic forms: Permanent insurance and Term insurance. As the names imply, permanent insurance is permanent (for life) and term insurance is temporary. Most people require a combination of the two types to fit their needs. Examples of permanent needs are funeral expenses, survivors' income, taxes at death on capital gains, taxation of RRSPs and RRIFs and charitable bequests. Examples of temporary needs are mortgages, children's education and business loans.

Read More

Topics: insurance edmonton, life insurance, life insurance policy

Life Insurance for Small Business Owners: What You Should Know

Posted by Rob Marusin on Jul 24, 2012 8:50:00 AM

As a small business owner you have insurance on property and business assets, but often business owners may neglect to purchase one of the most important types of insurance. Life insurance can mean the difference between bankruptcy and survival when a business owner or key person dies. Proceeds from an insurance policy can be used to train a successor for a deceased key person or to purchase a business owner’s shares in the event of his or her death. There are two important products for you as a small business owner to consider Buy-Sell Protection and Key Person Life Insurance.

BUY-SELL PROTECTION
The death of a business partner (shareholder) may result in your company being sold in order to compensate the family of the deceased partner (shareholder). The remaining partners/shareholders may not be able to fund a buy-out of the deceased’s share of the business, which may result in an unwanted outside interest gaining control of part of your  company.

Read More

Topics: insurance edmonton, life insurance

Are you a helmet wearer? - Home Insurance Edmonton

Posted by Bill Reay on Jun 11, 2012 11:47:00 AM

Purchasing home and life insurance is a no-brainer. But what about taking the proper precautions to ensure that you hopefully won't need to make claims? The weather is right for cycling - are you wearing your helmet?

Read More

Topics: life insurance, home insurance, Home Insurance Tips, Insurance Claim, Homeowners Insurance, edmonton car insurance, collision