Summary
"It comes into the whole category of impulse buying and a captive customer with a salesman," says Mark Halpern, a certified financial planner and founder of illnessPROTECTION.com Inc. in Toronto. "That's where most of the insurance sales are."
"Whenever it comes to insuring, whether it's insuring your life or insuring your income or your health, the key is to be aware of coverage elsewhere," says Rod Woodcock, regional director with Investors Group. "A lot of people don't realize what they have through their employer and may not realize what they have in place on a private basis.[Wendy Hope] is quick to point out the many benefits of creditors insurance. It's simple to obtain -- you can sign up while at the auto dealership. It's convenient, as you won't need to go through an underwriting process and a medical examination. And it's flexible: You can decide on the term of the policy and usually be able to opt out during the first few months if you change your mind.See the full content of this document
Extract
:In the Driver's Seat
:When buying a vehicle, choose insurance carefully
By Darcy KeithIt's probably not the first thing you want to contemplate just as you're about to drive away as a proud owner of a shiny new automobile.What if you die or become seriously ill before the car loan expires? Would your family be burdened with a major debt they couldn't afford to pay off? It's a depressing thought that might ruin the euphori...See the full content of this document
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