We make a point in our discussions with clients to always think of the long term. While many decisions should be made sooner rather than later, there are very rarely any “limited-time offers” or “one-day only” sales when it comes to insurance and financial planning.

That being said, we are in a rather unfortunate time where the major financial institutions in Canada are reacting to the global economy and need to make some adjustments to their products. Nearly all major insurance carriers have announced that they will be increasing premiums on their life insurance products (especially Universal Life policies) within the next few weeks.

If you are considering purchasing Permanent or Universal Life insurance, or if you have Term insurance and wish to convert some or all of it to Permanent insurance in the future, I encourage you to get in touch with us soon so we can take advantage of the current pricing structure and lock in the lower premiums.

The time to buy life insurance is now, by Garry Marr – Financial Post | Personal Finance

You probably don’t want to hear this, but poor investment returns are delivering a new casualty – rising insurance premiums.

Rates on universal life policies are set to increase in the coming weeks on top of increases in November 2010, as insurance companies attempt to better match their funding commitments.