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Smokers can get a life insurance policy, but they will pay a higher price for the coverage. It is already well known the risk factors associated with smoking, and insurance companies consider smokers high risk candidates. Most life insurance companies consider you a non-smoker if you have quit for 12 months, which will qualify you for better rates after a year of being nicotine free.
Regularly review your life insurance policy and amend it if your circumstances change. Examples could be the birth of a child, a change in occupation or an increase in your debt.
As soon as you have paid for your trip, you are at risk, so secure coverage as soon as you have book your vacation.
If you travel several times a year, it often makes sense to take a multi-trip insurance policy as opposed to getting every time single-trip policy.
You will most likely pay a premium for good quality coverage that meets your specific needs. It helps to compare rates and our agents do this for you to ensure you are getting the best coverage for your cost limit.
A financial professional can help you factor in financial considerations, your needs and your family’s needs.
Did you know that Mortgage insurance sold through your bank is only designed to protect the lender, and not the homeowner?
If possible, find out whether changing the deductible will make any difference to the price. Often a higher deductible means a lower premium. Rather than cut back on coverage, raising the deductible gives you maximum peace of mind and minimum risk.
“Luck is what happens when preparation meets opportunity”
Legal & General released a report revealing that replacing the work of a full time mum can cost upwards of $40,000 a year.
