Category Archives: Life Insurance
The options for life insurance for those with pre-existing medical conditions.
Life insurance is an essential aspect of financial planning, especially for individuals with pre-existing medical conditions. In the past, obtaining life insurance coverage with a pre-existing medical condition was a difficult and often impossible task. However, with advancements in medical technology and a better understanding of various health conditions, obtaining life insurance coverage is now more accessible.
It’s important to understand that the cost of life insurance coverage with a pre-existing medical condition may be higher than standard policies. This is due to the increased risk associated with certain medical conditions. However, there are still several options available for individuals with pre-existing medical conditions to secure life insurance coverage.
The first option is guaranteed issue life insurance,
Do I cancel my life insurance policy to save money during challenging times?
As the world navigates the ongoing COVID-19 pandemic and a possible economic recession, many people are considering their financial security and the importance of having a solid plan in place for their loved ones. One financial tool that can provide peace of mind during these uncertain times is life insurance.
Life insurance is a contract between an insurer and policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured. While life insurance is often thought of as a way to financially protect loved ones in the event of insured’s death, it can also offer financial security during a recession.
Here are a few reasons why life insurance is valuable during a recession:
Top 3 Life Insurance Companies in Thunder Bay
Top 3 Life Insurance Companies for Thunder Bay Residents
There are over 35 Canadian Life Insurance companies offering policies to those living in Thunder Bay. Each company has slightly different underwriting rules. Hence, not all companies are looking for the same type of clientele. To explain, some companies specialize in insuring Commercial Pilots. Accordingly, other companies will offer better rates for Students. Knowing the difference is the key to getting the correct coverage at the best price.
Solutions Financial has the Experience
Solutions Financial has a close relationship with over 20 Canadian Life Insurance companies offering Life Insurance in Thunder Bay. We have taken the time to understand each product inside and out. This makes it easy for us to quickly recommend the right company and obtain the quickest approval.
