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   Critical illness | Disability | Long Term Care | Life Insurance | Term Insurance

Toll Free: 1.888.665.7534   

Term insurance policies usually have lower premiums at younger ages. They generally offer the least expensive and least complicated type of life insurance. The provide insurance protection at a low cost for a specified period of time - 1, 10 or 20 years. If you die in the term period, a death benefit is paid to your beneficiary. If you are living at the end of the term, protection ceases unless the policy is renewed. There is no "accumulation" feature, or cash end value. You are simply paying the cost of insuring against the risk of your death in the current year, and nothing more. 

So long as you continue to pay premiums, your coverage will continue. Many policies guarantee renewal without additional medical evidence as long as you remain in the plan. However, the cost of premiums may increase dramatically in later years. Most term policies terminate at age 70 to 75, which is lower than the current average life expectancy. Many insurance companies also offer "Term to 100" policies.

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Bill DeWinter BA (Econ)
Certified Financial Planner

KW Area:  1.519.880.8171

Toll Free:  1.888.665.7534

London:  1.519.264.9988
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DeWinter Financial
Founded in 1995

CFP Since 2000

P.O. Box 781

Mt. Brydges
ON Canada

 N0L 1W0

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Mortgage Insurance

Have you ever looked closely at your mortgage insurance policy – did you see the exclusions?  There have been cases when mortgage insurance hasn’t paid at death because of loopholes in the coverage.   Many of our clients have purchased individual policies at substantial discounts from their bank policies and no longer worry about exclusions and loopholes.  Take a look at this investigative report by the CBC’s Marketplace – it outlines the loopholes and deceptive practices that come with purchasing mortgage insurance.
http://www.cbc.ca/mrl3/8752/marketplace/in_denial.wmv

Mortgage insurance is a kind of term insurance designed for people who want a mortgage protection product to pay a death benefit that can be used to pay off their mortgage. If you purchase a term life insurance policy that covers your mortgage amount and length, you will not only have the peace of mind that your loved ones will be able to afford the mortgage on their own, but you will also have the peace of mind that you can afford the payments on your insurance policy! With current low prices, term life insurance is an affordable way to ensure that both your mortgage and your loved ones are protected.

How We Compare?

Purchase your mortgage insurance through DeWinter Financial and you control the policy - not the bank or lending institution. You choose the beneficiary. You can move your mortgage to another institution without having to re-apply for protection policy. With lender-issued coverage, you are restricted to the plan offered by one company. DeWinter Financial can help you shop for the best rates and terms amongst dozens of protection companies. Our insurance programs can often accommodate people whose age or health does not allow lender owned coverage to be issued.

Who needs term?

Term is for people with a temporary need for life insurance protection and for those who need a large amount of protection but have limited budgets. It provides protection for a low cost (at least initially) and when your needs change, most policies allow you to convert your term policy for a permanent policy without having to take a medical exam or provide other information about your health. Term insurance is a good way to supplement other coverage when you have added financial responsibilities for a given period of time, such as a mortgage.

Call Bill DeWinter - Toll Free:  1.888.665.7534