How You Can Save Thousands By Laddering Life Insurance
What is the life insurance laddering strategy?
No, you don’t build an actual ladder with life insurance. (How would that work anyway?)
Instead, you buy term insurance of different lengths (term-10, term-20, etc) at the same time so that you coverage is staggered.
This ensures that you pay only for coverage you need while saving money in the process. It could end up saving you over $10,000!
Read on to find out how this strategy works.
Product review: Humania’s P.A.G.E.
A few posts back we reviewed Manulife’s Synergy, a 3-in-1 solution that encompasses life, critical illness and disability insurance. While it’s a simple product that covers the major risks in life, there isn’t much customization associated with it. Every Synergy policy must be comprised of the three types of insurance, with no way of mixing and matching the type of protection you want. That doesn’t mean there is no product with more customization available. Humania, a company based in Quebec, came up with a solution that satisfies all your customization needs by allowing you to mix and match to your heart’s content. The product is called P.A.G.E., and it’s short for ‘Protection for the entire family, Affordable rates, Global coverage, Easy application.’
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.
