Mortgage Life Insurance

Mortgage protection life insurance is simply insurance that is meant to pay off your mortgage in case of your death while the mortgage is not fully paid.

The original type of mortgage life insurance followed the amount of the mortgage balance so, as your mortgage obligation decreased, so did the amount of insurance. Today it usually makes more sense to get mortgage life insurance equal to the original mortgage amount but instead of a decreasing amount of insurance, you simply get the most inexpensive level term insurance.

Recently it has become more common to buy return of premium policies for mortgage term life insurance. The reason this type of insurance is used is that currently traditional mortgage life insurance rates are not as competitive as most term life rates. and with return of premium, if you keep the policy, you get all the payments paid back to you.

The most affordable is the level premium, level benefit term life policy. This type of insurance can be purchased for a period of time such as 30 years, 25 years, 20 years etc. The policy amount is guaranteed not to decrease and the premium can be guaranteed for the full period of time.

Traditional mortgage protection life insurance is occasionally still marketed by banks and some agents but it may make more sense for you to get:
1. An insurance policy with guaranteed lower rates than a mortgage life insurance policy
2. One that will pay off your mortgage in case of your death
3. The insurance amount does not decrease.

To get a mortgage life insurance quote or an instant life insurance quote for other needs, click here.

Return of Premium Insurance to cover your mortgage

Another method becoming more and more popular is Return of Premium Term Life Insurance. This type of life insurance is term insurance with the added and unique benefit that when you keep it for the full term (20 years, 30 years) you get all your premiums back, tax free!

Using this method, the insurance will be there to pay off your mortgage but in the likelihood that you live and you keep the policy, the insurance company guarantees to return all the money that you paid on the policy and since it’s considered a return of what you put in, it comes back tax free. This kind of mortgage term life insurance can be more appealing since it is likely that you will live to the end of the term period.

This money that comes back to you on a return of premium life insurance policy is money that you can use to enhance retirement, take a trip you dreamed about or just enjoy any way you please.

Learn more about types of life insurance or get an instant life insurance quote online.

By : http://www.lifeinsure.com

1 Spread on Major Pair and Welcome Bonuses on FXClearing

FXClearing, a boutique forex brokerage from Ottawa, Canada. Our goal is to provide a level of service to forex traders of all levels, as normally experienced only by much bigger individual and institutional clients at other brokerages.

Working with FXClearing you can trade confidently and comfortably being supported by our professional multi-lingual support staff.

Here at FX|Clearing, individual forex traders of all sizes can find something to like. We invite you to explore our institutional trading terms and advanced trading platform, and if you have any questions just contact us for any assistance. Our ultimate goal is to create the finest trading environment for our clients.

About Us

FX Clearing Group Inc. (Ontario Corp) was registered in the Ministry of Government Services (formerly Ministry of Consumer and Business Services) on Sep. 15, 2006. Registration #1710457.

There is no forex licensing in Canada, and we are not required to obtain a security license if no Canadian clients are accepted.

In accordance with the law we report to FinTRAC, a Canadian government anti-money laundering organization.

We are dedicated to providing excellent trading terms, transparent operations, automatic execution, and other benefits normally provided only to larger institutional clients.

FX Clearing Group, Inc. complies with the following regulations:

FX|Clearing carrying on business as an online Forex Exchange Dealer for foreign investors adheres to the Personal Information Protection of Electronic Documents Act (Canada) (hereinafter the “Act”).

As a Foreign Exchange Dealer, FXClearing is required by law to collect from individuals personal information such as: name, date of birth, addresses, occupation, and a copy of federal documents. Personal information supplied to FXClearing is confidential and FXClearing will not sell or in any way distribute such information provided to FXClearing to any third parties unless authorized to do so by the individual or as required by the Financial Transactions and Reports Analysis Centre of Canada (“FinTRAC”) or other applicable regulations.

FXClearing is also required by law to be sensitive to “suspicious activities” and “suspicious transactions” which activities and transactions FXClearing must report to FinTRAC and FXClearing must be sensitive to terrorist activities of individuals, entities, and countries identified by the United Nations and other national and international agencies.

In order to comply with its ongoing record keeping and disclosure requirements, FX|Clearing has appointed a compliance officer who may be contacted for questions or complaints regarding FXClearing’s treatment of personal information at compliance@fxclearing.ca

OPEN AN ACCOUNT

Just sign up here to get your bonus www.fxclearing.ca

Trading Term

• Trading Hours:
  
  Sun 17:00 EST - Fri 16:00 EST.
• Swap Schedule:
  Positions rolled over at 17:00 EST.
• Interest on Unused Margin:
  2% annually.
• Platform:
  MetaTrader 4.
• Contract Sizes:
  1,000 (micro - for mini accounts only), 10,000 (mini) and 100,000 (standard) lots can be traded on Mini and Professional accounts.
• Execution:
  Automatic. All entry and stop orders are honored during normal market conditions.
• Spread Widening:
  Spreads are fixed. Only during the major news announcements may spreads be expanded.
• Scalping:
  Methodical scalping (picking) is not allowed.
  Grid/Martingale-type strategies and expert advisers are prohibited, because they lose clients' money while overloading our servers.
• Expert Advisers:
  Most types of EAs are generally allowed, however, certain types of EAs cannot be adequately hedged by our dealing desk, and thus may be prohibited.
  See your trading agreement for details.
• Margin Call:
  Margin Calls protect you from losing more money than you have in your account. Positions will be automatically closed out when account equity is not sufficient to maintain the margin. Click here to read about the margin call procedures.
• Stop and Limit Orders:
  All stop and limit orders up to 10 standard lots will be honored under normal market conditions.
• Deposit Currencies:
  Paypal and Moneybookers deposits are available in USD, EUR, GBP and JPY without conversion; You will see you profit/loss in the currency of deposit and will be able to withdraw it in the same currency, thus avoiding currency conversion fees.
  No third-party deposits or withdrawals are allowed.

Spread: 1 pip on EUR/USD, USD/JPY, GBP/USD, and USD/CHF; For full spread list, click here. Leverage: Choose from 200:1, 400:1, or 500:1 Minimum Deposit: $1.00 Maximum Deposit: $5,000 - but you can continue to grow your account beyond this through profitable trades. Maximum Lots for Auto Execution: No maximum. Swap Interest: Swap-free. No swap interest paid or earned. NEW: Micro Lots! Contract sizes of 1,000 are now available for Mini accounts.

Spread: 2 pips on EUR/USD and USD/JPY; 3 pips on GBP/USD and USD/CHF; For full spread list, click here. Leverage: 50:1, 100:1, 200:1, or 400:1 for accounts from $5,001 to $10,000; 50:1, 100:1, or 200:1 for accounts from $10,001 to $30,000; 50:1 for accounts from $30,001 and up; Minimum Deposit: $5,001 and up Maximum Deposit: No maximum. Maximum Lots for Auto Execution: 5 standard 100k lots Swap Interest: Positions EARN or PAY interest, depending on instrument.

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Detail Term

http://www.fxclearing.ca/eng/services

Deposit Fund

After you have applied for a live account and were approved by FX|Clearing, you will receive instructions for delivering funds to your trading account.

There are several methods of deposit available, including Wire Transfer, PayPal, and Moneybookers.

No deposit fees apply.

Withdawal Fund

In order to withdraw funds from your account, please download, complete, and return to us the Withdrawal Request Form, which you can download by clicking here.

Fax your completed withdrawal form to +1-208-988-6799 or scan and email it to withdrawal@fxclearing.ca

All withdrawals are FREE as long as you maintain a trade volume of 10 standard 100k lots (or 100 mini lots) per month, at least.

Furthermore, FX|Clearing does not charge for withdrawals via third-party payment services such as PayPal and Moneybookers.

However, these third-party services may charge their own transaction fees. Please consult their respective websites for information about their transaction fee schedule.

Withdrawals via direct bank wire transfer incur a fee of $30 per transaction.

Contact Information

Address:	FX Clearing Group, Inc. 412-840 Springland Dr. Ottawa, ON K1V6L6 Canada
Tel:	+1-613-435-7429
Fax:	+1-208-988-6799
Email:	support@fxclearing.ca