Read the Vistaplan Financial Group blog: Universal Life Insurance, Term Insurance, Disability Insurance, Critical Illness Insurance, Super Visa Insurance.
Posted: 12 Oct '16
This is one of the most important factors when you speak to an agent about life insurance quotes in Edmonton. It is a good idea to know the amount if any, you have with a work policy and you know the approximate debt load you carry. Often, it's best to make sure you can leave your loved ones debt free and ideally, with an income to help them maintain their lifestyle.
The main difference between these two options is that term insurance is less expensive. As the name suggests, you choose a set or flexible amount of time over which you have coverage. A universal life insurance policy costs more, but it's also a tax shelter and allows you to build up savings.
You have to consider the stage of life you're in when you're requesting life insurance quotes in Edmonton. For example, if you are in your early twenties, it would be beneficial to seek a longer term because if you have to renew in ten years, your health may have deteriorated or your financial situation may have changed. Your agent can help you determine the best term, or help you with a flexible term policy.
In some cases, you can choose to switch to a permanent life insurance policy from your term policy. Ask your agent if the term policy you are purchasing is convertible, and the length of time you have before you have to make a decision to switch.
Since purchasing life insurance is such an important decision, you should ask your agent or advisor about their experience in the field. Find out if they have any credentials and ask about their range of products. A well-qualified agent will be more than happy to fill you in and help you feel comfortable with your decision.
Obtaining life insurance quotes in Edmonton is easy when you get help from our experienced life insurance brokers at Vistaplan Financial Group. We offer unbiased information and can help you build the plan that meets your needs perfectly, giving you and your family peace of mind. Contact us today to find out more about life insurance and how much you need.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