Read the Vistaplan Financial Group blog: Universal Life Insurance, Term Insurance, Disability Insurance, Critical Illness Insurance, Super Visa Insurance.
Posted: 30 Nov '17
When shopping around for life insurance, the first thing you'll need to consider is whether you want permanent or term life insurance. A permanent life insurance policy covers you for your entire lifetime. A term life insurance policy covers you for a predetermined number of years although the premiums increase after each term. For example, in a term 10 policy the premium increases every 10 years.
If you have a spouse, a family, a mortgage, or other financial obligations, permanent life insurance may seem like the obvious choice. However, there are many reasons to choose a term life insurance policy instead. Below are advantages and disadvantages of term life insurance.
Term life insurance policies are a good choice for anyone who wants a simple and inexpensive policy that will protect their loved ones in the event of their death. Still not sure if term life insurance policy is right for you? We can help. Contact us at our Edmonton office for a free, no obligation quote.REQUEST YOUR INSURANCE QUOTE
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