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Insurance Products
 
Life Insurance
 
How much Life Insurance Do You Need?....(plus Risk and Uncertainty)
 

Universal Life Insurance: There are tax advantages, but it's unlikely to be beneficial to your wealth- If you don't understand it, don't buy it!

 

 
Critical Illness Insurance (CII)
 
I can't recommend Critical Illness (CI) Insurance - It's expensive (high load factors), payout is not related to financial loss, policies are complex and not standardized; better spend your insurance premium dollars on health/disability/life insurance or set up your own CI savings account.
 
Long Term Care Insurance (LTCI)
 
Long-Term Care Insurance (LTCI)- An overview -Sounds good, but: policies are complex and not standardized, they are expensive yet you can't be sure how much more it will cost you after you sign up and finally, you can't be sure if and when you'll qualify for benefits or what proportion of your total LTC cost will be covered. I need to think a little longer before I am ready to recommend it.
 
Long-Term Care Insurance (LTCI-II)- Musings on the Affordability, Need and Value: A (More) Quantitative View After a more quantitative look at LTCI, I still don't feel moved to buy it or recommend it as a must have item for most. Read overview blog in LTCI-I as well and make your own call to secure your "peace of mind".
 
Longevity Insurance (Available in US only, as far as I know)
 
Longevity Insurance- What does it buy you? It buys you low cost peace of mind without having to relinquish control of the 90%+ of your assets. It may be the way to annuitize for those with bequest motive, inflation fear, concerns of counterparty risk....
 
GMWB (Variable Annuity  with guarantees- Guaranteed Minimum Withdrawal Benefits)
 
GMWB I -Guaranteed Minimum Withdrawal Most investors should find that the benefits (protection against low probability of major downside around retirement) comes at too high a price (high likelyhood subpar performance at all times).
 
GMWB II- Guaranteed Minimum Withdrawal Benefit products don't cut it even for conservative investors.
 
Annuities
 
Annuities I: What is (a measure of) Wealth? A combination of sustainable real income and the residual estate.
 
Annuities II: (Almost) Everything you wanted to know about annuities but were afraid to ask.
 
Annuities III: Exploring annuitization scenarios- an introduction
 
Annuities IV: The conclusion- not a preferred solution at this time for most  individuals.
 

Individual health insurance in Canada Options include: Basic plan (only hospital and extended health), comprehensive (also including drugs and dental), or self-insurance. Given low coverage caps, high load factors and Canada's universal health care, the self-insurance option may work for many. If leaving a group, individuals may be able to buy policies without medical questionnaire within 30-60 days.