Not all advice is good. A man came to Ron Singer, associate broker, Megacorp Insurance Agencies Inc., Mississauga. He was taking medication for a heart condition and having regular tests. Yet, says Singer, “a salesman who was not licensed to sell insurance told him not to worry; his heart attack was five years ago. This advice was contrary to the application form.” Other consumers do not know how the stability period on health conditions in policies affects coverage, or to report a change in health condition to make sure their coverage will not be jeopardized. They do not know a 1-800 medical help line in Canada will not work in most other countries.

By James Daw – Business Columnist - The Toronto Star – Moneyville -Sat Aug 14 2010