Life, Disability, and Health Insurance for Professionals and Business Owners

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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

The team at Vistaplan is led by David Motkoski, a well-respected insurance adviser to hundreds of business and individual clients. David has 30+ years of experience in this industry helping clients understand their life and disability insurance, office overhead, critical illness, long term care, and accident insurance. David’s focus has been medical doctors, dentists and business owners who are concerned with having the right coverage to provide for their family or business and protecting their income

David is an independent broker offering policies with Manulife, ivari and RBC to name a few. Vistaplan Financial Group has clients dating back to 1983 and they stay loyal with David because of the strong relationships he builds.