Aug 31

Mixed martial arts are a sport with over a 100-year modern tradition. Its rules allow a wide variety of combat techniques to be applied in a single match. Thus, martial artists with different backgrounds can fight each other in the ring. This sport is full-contact and can be traced all the way back to ancient Rome.

Lately, doctors had something to say about this during the Canadian Medical Association’s general annual meeting in Niagara Falls. The doctors overwhelmingly expressed the opinion that this sport should be outlawed. Their arguments are that MMA is a dangerous sport with a large probability of injuries – much larger than boxing, for example.

As said by Dr. Ian

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Aug 31

Life settlements have grown in popularity in recent years. This practice of purchasing life insurance policies from senior citizen policyholders who are in need of money has resulted in a cash crop for investors. However, some critics argue that because the practice is virtually unregulated and some conflicts of interest are also at play, it could become problematic for the policyholders.

With the life insurance industry already under scrutiny, it’s possible more issues with life settlements will be brought to light. A

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Aug 30

Should low income earners pay more for their life insurance?

Technically, yes!

It is a grim fact that men classified as having ‘low income’ will die on average 6.5 years younger than higher earners.  And for women, this gap is 4.7 years.

This means that low income men and women are at higher risk for life insurance… in the same way that smokers are higher risk for life insurers… and low earners (technically) like smokers should pay more for their life insurance cover.

I started thinking about this issue when a report from Otago University caught my eye.

According to this report, the life expectancy gap between rich and poor in New Zealand is not only significant, it’s widening! Over the 2

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Aug 27
It’s a good idea to insure your kids. Photo by Ted Bongiovanni

BMO Insurance offers a children’s life insurance plan sold directly via its call center and not its broker network. The plan is called the “Headstart in Life Plan.”

* The plan has premiums which start at $7.20 a month. * Parents can pay premiums for 20 years and receive lifetime protection for their son or daughter. * Premiums are guaranteed to never increase. * The face amounts can be $10,000, $20,000 or $30,000 of coverage. * Children between the ages of two weeks and 17 years are guaranteed acceptance, but the parents are required to sign a declaration of health for their son or daughter. *

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Aug 25

How much life insurance do you need?

Most people have too much. This 5-step process can help pinpoint your needs.

These were the headlines for an article in The Chicago Tribune on Aug. 12, 2010. While the article itself is relatively reasonable, the headlines are misleading. Most people do not own too much life insurance. In fact, a LIMRA International report, which was released Aug. 27, 2010, shows that only 44% of Americans own individual life insurance, and 30% own no life insurance at all. Eleven million households with children under the age of 18 own no life insurance.

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Aug 22

AIG reported a $2.66 billion loss in the second quarter, Missouri voters shot down one aspect of the federal health care reform law and a new report has found that questionable auto insurance claims have increased.

AIG Reports $2.66 Billion Loss

Life insurer AIG has reported a second quarter net loss of $2.66 billion, which is a considerable drop from its $1.82 billion loss posted in the first quarter. However, the loss is not from a drop in earnings.

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