Life, Disability, and Health Insurance for Health Care Professionals, Business Owners, and Their Families

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Life Insurance
Vistaplan Blog

Read the Vistaplan Financial Group blog: Universal Life Insurance, Term Insurance, Disability Insurance, Critical Illness Insurance, Super Visa Insurance.

Posted: 28 Feb '18

How to Get the Most Affordable Life Insurance Policy



Life insurance is much less expensive than most people think and there are steps you can take to make it even more affordable. Below are a few tips for getting the most affordable life insurance policy.

Opt for Term Insurance

Choose term insurance over universal life insurance. Term insurance premiums are available in 10, 20, or 30-year terms. The longer the term, the higher the starting premium. If you want to keep your insurance premiums as low as possible today, always start with term 10. Be aware that at the end of the term, your premiums will increase for the next period.

Reduce Your Death Benefit

To keep your insurance premiums affordable, it is important to not over-insure. Discuss your needs and future goals with your life insurance broker to ensure you're not over-insuring.

Work with a Life Insurance Broker

An independent agent is contracted with all the leading life insurance providers and will take your health, lifestyle, and financial situation into consideration when suggesting affordable life insurance policies. Contact our Edmonton office today for your free, no obligation affordable life insurance quote.

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About the Author - David Motkoski

David Motkoski—At the Helm of Vistaplan Financial Group

David is a well-respected insurance advisor with over 30 years of experience helping healthcare professionals, business owners, and their families secure their financial futures. He takes the time to make certain his clients understand the life, disability, and health insurance products they are purchasing, so they can make the right choices for their budgets, plans, and futures. CONNECT WITH ME ON LINKEDIN