Life Insurance Cambridge
As a life insurance advisor, the goal is to provide the best coverage for the best price.
This is done by assessing your current situation, creating the most efficient life insurance package and getting quotes from multiple life insurance companies resulting in a competitive rate.
For a life insurance quote, contact Filip Ambroziak by calling (416) 803 – 2113, emailing firstname.lastname@example.org or completing the form below. It’s always best to schedule an appointment so that a full analysis can be made.
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The Right Life Coverage
Life insurance may seem intimidating with all the coverage options and endless endorsements, but it all boils down to two main types of policies: Term life or Permanent life insurance. With a basic understanding of both policies, clients will be able to make an informed decision on what suits them best.
Term Life Insurance: This is the affordable life insurance policy and is a popular selection. You select a sum insured (Ex. $500,000) and a term (Ex. 20 years). If during the term you pass away, your beneficiary (the person/persons selected to receive the sum insured) will be given the covered amount. Pricing for this type of life policy is very affordable and can start at as little as $15.00 per month).
Term life insurance is a great choice for younger families who are on a budget and have not yet accumulated a lot of assets. Perhaps they just purchased a home and have a mortgage. Term life insurance can fit into most people’s budget and cover them for their peak earning years.
Permanent Life Insurance: Permanent life policies are a little more complex and have a lot more options. To keep things simple, the permanent policy does not have a specified term. Coverage continues until the insured passes away (hence the name). The client will select a sum insured (Ex. $200,000) and will choose a payment plan. Prices are based on the sum insured as well as personal details (age, gender, health, etc.).
Permanent life insurance is great for established families who have a higher net worth and have the income to support the higher premiums. These policies are commonly used as a estate planning tool to avoid large tax burdens for their kids.
If you have any questions or would like to speak to an insurance broker, please call Filip Ambroziak at (416) 803-2113 or email email@example.com.
Life Insurance Companies
When working with a life insurance broker, one of the biggest advantages is the ability to quote with multiple life insurance companies. Each insurer may offer slightly different benefits and may have different underwriting requirements than another.
Below you will find some of the largest and most popular life insurance companies in Cambridge as well as all of Canada.