What happens if you die unexpectedly, become disabled or outlive your savings? These are some of the problems that we can help you find the right answers for. At Lifestyle Insurance & Benefits Brokers, we focus on three main insurance products to help you deal with life’s unexpected moments. They are:
Chances are that 40% of us will be diagnosed with a serious illness before age 65 with an 85% chance of surviving that illness. In women, this rate is even higher. This may leave you and your family feeling financially exposed and unsure of what to do next. Proper planning can help. Some of the types of plans we offer include:
If you are not covered by a group benefits plan with long term disability (LTD) then protecting your income is an important consideration.
Creating and managing a retirement income plan is a hands-on job. We take pride in ensuring your funds are secure by designing investment plans that provide protection from downturns in the market. Using the guarantees provided by segregated funds we can build a pension-type plan that provides piece of mind as you approach retirement.
We are aligned with investment professionals that can assist with complex planning and investment opportunities including mutual funds and exempt market securities.
Smokers can get a life insurance policy, but they will pay a higher price for the coverage. The risk factors associated with smoking are well-known 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 allow you to qualify 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 booked your vacation.
If you travel several times a year, it often makes sense to purchase a multi-trip insurance policy as opposed to getting a single-trip policy every time.
You will most likely pay a premium for good quality coverage that meets your specific needs. It helps to compare rates. Our agents will 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, as well as the specific needs for yourself and your family.
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 cutting back on coverage, raising the deductible will give you maximum peace of mind with minimum risk.
“Luck is what happens when preparation meets opportunity”
Legal & General released a report revealing that replacing the work of a full-time stay at home parent can cost upwards of $40,000 a year.
