Category Archives: Insurance Brokers
Life Insurance for Scuba Divers
Canada is known for its largest fresh water lakes in the world which makes it a place or destination to enjoy scuba diving. Many Scuba Divers go to Canada to enjoy this adventurous thing to do. Scuba Diving is known to be exciting more than ever now that you don’t have to rely on a breath hold or air pumped from the surface. It is now a lot safer and a free way to scuba dive by carrying your own air source in a tank. This allows divers to move freely under water more than that with an airline.
Scuba Diving is an adventurous thing to do without any doubt but with the adventurous things comes the risk of injury or dealth.
Life Insurance Brokers in Canada
Life Insurance Brokers in Canada
An Life Insurance brokers in Canada is a professional who specializes in selling life insurance from various insurance companies. The main difference between a broker and an agent is that the agent sells insurance from a single company. Meanwhile, a broker represents multiple companies giving them more options to find you the most suitable coverage.
Licensing in Canada
In Canada each province is responsible for the licensing requirements for Life Insurance brokers in Canada. The life insurance industry is active and ever changing, and can be complicated; a professional broker is a necessary resource when you are shopping for life insurance. Brokers are tasked with keeping knowledgeable about the latest policy offerings and industry trends.
What is Guaranteed Issue Life Insurance?
What is Guaranteed Issue Life Insurance?
Guaranteed Issue life insurance is a type of life insurance policy where acceptance is literally guaranteed. However, there may be restrictions for the first 24 months of the policy. For example: it may only pay for an accident for the first 24 months, after that the policy would pay for any cause of death. This might sound ideal, but it comes at a price, literally. This means if you are considering this type of policy, be absolutely sure that it’s truly your best option. An advisor may be able to save you substantially on your premiums with a more traditional form of life insurance, and get you better coverage in the process.
