Product review: Foresters’ Quit Smoking Incentive Plan
Are you a smoker who wants to kick the habit? Chances are, if you currently smoke, that thought has crossed your mind. Besides the health benefit of quitting, there are also financial incentives. The obvious one is saving the money you used to spend on cigarettes. According to Preet Banerjee’s new book, Stop Over-Thinking Your Money, a teenager who pays $9 for a pack of cigarettes would have amassed over $375,000 if he instead would have directed the money to an investment yielding 3%. Now, Foresters has another financial incentive for you to quit smoking. In this week’s product review, we will look at Foresters’ Familylife participating whole life insurance product and its automatically included rider – Quit Smoking Incentive Plan. Chances are you haven’t heard of Familylife before. That’s because it launched in April of 2013, so it’s a brand new product in the insurance industry, and it’s one of a kind in the Canadian marketplace.
Product review: Assumption Life’s FlexOptions
Last week in our product review series we talked about Desjardins’ Life and LTC Advance, a permanent life insurance policy with a monthly long-term care benefit. While most of the product reviews we’ve done so far involved multiple benefits under one policy, there are some that only serves one purpose. One such product is Assumption Life’s FlexOptions. What is FlexOptions and who is it designed for? Let’s get into the features and pricing so you can decide if it’s the right product for you.
Product review: Desjardins Life with LTC Advance
Last week we talked about Manulife Synergy, a combination insurance that incorporates life, disability and critical illness insurance. As part of a series reviewing insurance products from Canadian insurance companies, this week we will focus on Desjardins Life with Long-Term Care Advance. Don’t be put off by its long name, as it may be just the right product for you. As implied, its a type of combination insurance that incorporates life and long-term care insurance. We’ll begin by summarizing some of its features.
Manulife Synergy: 3-in-1 Insurance
Manulife Synergy is a type of combination insurance. It’s a 3-in-1 solution that combines life, disability, and critical illness insurance.
It’s unique in that there are no other products like this in the Canadian marketplace. Let’s examine the features of Manulife Synergy.
Product review: Industrial Alliance’s Child Life and Health Duo
As Canadians looking for insurance to protect our families from loss, we’re blessed with the number of insurance companies offering innovative products and solutions. Here at Brian So Insurance, we want to discuss and review these specialty products. For the most part, basic products such as term and permanent do not vary widely among carriers. So what we want to delve into here are specialty products, such as LifePhases and LifePhases Plus by Assumption Life. These are usually offered only by one carrier to differentiate themselves from the rest of the pack. They can be combination type insurance, mixing life and different types of health insurance together as a package. For this post we are going to talk about Child Life and Health Duo, a combination type insurance that incorporates life and critical illness insurance into one policy. Child Life and Health Duo is a unique product offered only by Industrial Alliance.
What Is An Insured Annuity?
Are you looking for a way to provide for your family and protect your assets?
An insured annuity is the perfect solution. It provides guaranteed income, while also providing protection against inflation and market fluctuations. In the end, your assets pass on to your loved ones in an efficient way.
With an insured annuity, you can rest assured that no matter what happens in the future, your loved ones will be taken care of.
Read on to learn more about how an insured annuity works.
Life Insurance Application: What You Need To Know
You’ve decided to buy life insurance. Now what?
The life insurance application process can seem daunting at first glance, but it doesn’t have to be!
In this guide, we’ll show you how easy it is to apply for life insurance. When you’re finished reading, you’ll know how the step-by-step process from the moment you sign up to the day you receive your life insurance policy.
Life Insurance Underwriting: What You Need To Know
What happens after you apply for life insurance? An employee of the insurance company—called the underwriter—reviews it in a process called life insurance underwriting.
What is underwriting, why is it so important, and how does it affect your pricing?
We’re here to break down the basics of underwriting for life insurance. You’ll learn:
Why underwriting exists, and what are the most critical risk factors that affect it
What kind of tests you have to go through when you apply for life insurance coverage
Why your policy might be more expensive than what you were quoted (or why you were declined coverage)
So if you want to know what happens after you send your life insurance application, this guide is for you.
Let’s get started.
Five signs you are being “purely sold” insurance
Recently there was a post on Know Your Insurance about five signs you are being “purely sold” insurance. They were five quick warning signs that you’re talking to a insurance salesperson who doesn’t really care about you. While it was quick and to the point, we would like to expand on some of the points. Here are five warning signs that you are not working with an insurance salesperson with your best interest in mind, who instead is looking for a quick sale.
7 Common Life Insurance Riders You Should Consider
Life insurance riders are optional benefits that you can buy and add to your basic policy. They allow you to customize your policy to your liking.
But with so many riders to choose from, how do you know which one to get?
In this post, we uncover the most common life insurance riders and explain the pros and cons of them. By the end, you’ll know which ones are worth it and which ones you should avoid.
