How to Compare Life Insurance to Get the Most for Yourself and Family​

Author : einsured Admin

newcomers

Life insurance is vital to planning for your future.

It’s important to have the money you need to pay for expenses and care for your family in the event you are no longer there. None of us live forever. Although we all want to live to be 95, most don’t. That means a family with no life insurance could be at risk. If your income was suddenly taken away, would your family be able to pay off your home, afford a good education, and live comfortably?

A high quality life insurance policy can help alleviate all of these concerns. Finding the right plan with all the benefits you want can be quite affordable. Run a quote yourself.

Here are proven tips for choosing the right life insurance policy that gives you and your family the most value.

Buy life insurance based on need, not on peer pressure.

It’s always nice to get advice from family and friends, but you will get a better policy by talking with a trusted insurance professional. We know all the options that are available, have read all the fine print, and can ask the right questions to make sure your insurance fully covers your current and future financial needs.

Don’t choose a company based on the lowest initial price.

Some will hide poorer benefits and service in the fine print while offering an impressive low price. Others start with a low price, then raise it as you list the options you need. Your better value may be to pay a bit more to get everything you want from a policy and company that will be ready to help when the time comes.

Your insurance company must be financially strong.

Many name brand insurance companies have been around for decades or longer. Their financial viability can be checked with a major ratings company like Standard & Poor’s or Moody’s. Other insurance companies are younger but well funded. Still others may be showing signs of financial weakness and might not be around when you eventually need them.

Consider the Claim Settlement Ratio of an insurance company.

This tells you the number of claims they paid in the event of death. Why look at the settlement ratio?

Companies that settle 98-99 claims out of 100 are considered excellent. A company that often rejects claims could be trouble for you or your family in the future. The last thing you want is for your dependents to request a claim and be denied. Be sure to disclose any health problems, income, lifestyle and other factors. Not disclosing correct or withholding information are the most common reasons a company denies a life insurance claim.

At einsured.ca, we make it easy to get the best price on your life insurance. With more than 8 years industry experience has enabled us to ask the right questions. This allows us to make certain you get the precise benefits you need while paying the lowest price.

Get more for your money while sleeping well knowing your family will always be taken care of.

Please contact us for your no-obligation discussion about life insurance at www.einsured.ca.

Card image cap
Significance of Disability Insurance

Disability insurance can help protect you and your family’s income if an unexpected illness or accident leaves you unable to earn a living. People usually give more importance to death benefits than living benefits. “Living benefits” is the term used in the insurance industry for benefits which are paid out when you are alive through […]

Read More
Card image cap
What is Super Visa insurance and How Much Does it Cost?​

Every year thousands of visitors come to Canada for tourism, vacation, or visiting families. Some stay for a longer period of time to reunite with their families. Canadian government launched a program in 2011 called “super visa” to help Canadian citizens and permanent residents spend more time with their loved ones. Those hoping to reunite […]

Read More
Card image cap
Life Insurance 101​

So don’t let these options confuse you. We offer a simple and definitive guide to help you through the process of buying term life insurance

Read More
Card image cap
A Step-by-Step beginner’s Guide to Buy Life Insurance​

Before I even begin to share the how, I want to congratulate you for even considering buying your life insurance. It’s a big step towards being financially responsible. It’s official –– you’re an adult! Jokes apart, buying life insurance is serious business and it requires a bit of research. This post is a step towards […]

Read More
Card image cap
5 Reliable key terms on How to Buy Your Insurance Policy​

How to Buy Your Insurance Policy, While getting an insurance policy is a no-brainer, you probably don’t know what to look out for when you are buying an insurance policy. There are so many products in the market that it can be very intimidating. Not anymore! I am breaking it down for you. Before I […]

Read More
Card image cap
6 Remarkable ways to find your financial cushion in the midst of a pandemic and prepare for future income protection​

It can be daunting to look at your big financial goals for income protection. If you’re reading this article, chances are that you know how important it is to plan your finances and prepare for future income protection. The interest in learning about financial planning has skyrocketed recently. Nearly 6 million people have applied for […]

Read More
Card image cap
Top 6 reasons why you need Life Insurance, How to Easily Afford It, and What Benefits to Choose​

Many people don’t buy life insurance. They feel they are too young to worry about it, or life insurance policies are too expensive, or they will have enough in savings and investments to provide for their family when they’re gone, or the end of life is just too uncomfortable to think about. Let’s look at […]

Read More