Welcome to REMIC’s mortgage and life insurance education blog; your source for licensing tips, industry updates, and professional training insights
How to become a licensed life insurance agent Career as a Life Insurance Agent begins with the HLLQP course (formerly the LLQP course). This is a fantastic industry with literally unlimited income potential. In Ontario there is a straightforward four step process to...
What is Whole Life Insurance? Whole life insurance is a form of permanent life insurance that typically guarantees the premiums, the death benefit, and minimum cash surrender values (CSV) for the policy. It is sometimes referred to as “straight life” or “ordinary”...
The Canadian government sets the guidelines for default insured mortgages to, in part, manage the housing market, while provincial governments can use other tools, such as taxes. The following summarizes the changes made by governments since the financial crisis...
What is a life lease? Simply stated, purchasing a life lease gives the holder of that lease the right to a property as long as it is in effect, which is typically for the life of the holder. Normally a life lease has eligibility requirements, such as:...
Environmental Site Assessments (ESA) The Environmental Site Assessment (ESA) has become a standard tool for the protection of property investors, owners, and managers, from environmental liability. It is particularly useful prior to a financial transaction...
A career as a life insurance agent If you’re looking for a career that has unlimited income potential, then selling life insurance may be the career for you. The main reason I say this is because Canadians need life insurance, as well as several other types of...
Corporate Life Insurance Over time, the awareness and importance of having a life insurance has been rapidly increasing. You, as an individual can either have a corporate life insurance policy or a personal life insurance policy. Both have their specific pros and...
Expropriation According to section 1 of the Expropriations Act, expropriation means “the taking of land without the consent of the owner by an expropriating authority in the exercise of its statutory powers”[i]. Considering that land ownership is a...
Here are some Do’s and Don’ts for advertising your mortgage business When a brokerage is developing policies and procedures that ensure its public relations materials are compliant, it may wish to include some of the following advertising tips from the Competition...
Why People Do Bad Things… like commit fraud Traditionally, when we think about bad behavior, fraud for example, we think about character. But psychologists who study bad behavior — who study, say, fraud in the business world — have found that that character doesn’t...
5 Defects to Avoid in a Contract A contractual defect is a significant flaw in a contract that affects the intention to create a legal relationship, causing the contract to be void or voidable. This type of defect can be caused by:• Misrepresentation• Duress• Undue...
What is Property Insurance? Property insurance is a policy of insurance that provides coverage for the homeowner against covered risks. Why is it necessary? Basic insurance to cover the replacement of the building (normally the house) and other structures on the...