Understanding Insurance: Quick Answers to Common Questions
IS LIFE INSURANCE WORTH IT?
People pass away everyday, Life can be short or long, if you go out today and dont return home, how will your family, loved ones cope financially?
Life insurance offer tax free death benefit to our loved ones when life happens
Life insurance offer tax free death benefit to our loved ones when life happens
WHERE IS THE BEST PLACE TO GET LIFE INSURANCE IN CANADA?
Insurance companies offers more benefits because they specialize in insurance and offer value for money when compared to other financial institutions
DO LIFE INSURANCE COMPANIES PAY OUT?
Yes they pay out confirm from CLHIA, except suicide occurs during the first two years and questions answered on application was fraudulent e.g a smoker saying they dont smoke when applying for life insurance.
WHAT HAPPENS TO MY POLICY IF COMPANY GOES BANKRUPT?
CDIC is to banks as Assuris is to Insurance companies
Assuris makes sure benefits is paid out to you or your beneficiaries, check their website Assuris website
HOW WILL MY FAMILY KNOW THAT I HAVE LIFE INSURANCE IF I KEPT IT AWAY FROM THEM?
Call or email ombudservice– OLHI website
IS LIFE INSURANCE EXPENSIVE?
Life insurance can be as cheap as $20 or $50 monthly, could be $200, $300, $1,000 e.t.c depending on budget, short term and long term goals.
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Your Financial Security Advisor And Life Insurance Expert In CANADA
Useful Links
Office Address
Unit 7, 6 Antares Dr, Nepean, ON K2E 8A9 or 4 Rue Georges-Bilodeau, Gatineau, QC J8Z 1V2