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: 31 Dec '17

Understanding the Process of Getting a Life Insurance Quote

Buying life insurance isn't complicated, but it does require an assessment of your needs and long-term goals. Follow the steps below to get the best possible life insurance quote.

How Do I Decide on a Life Insurance Policy?

There are two basic types of life insurance in Canada: term life insurance and permanent or universal life insurance. The main difference between the two types of insurance policies is how the premiums are paid. Generally, term insurance premiums remain level for the duration of the term you choose (10, 20 or 30 years) but increase at the end of each term. Permanent life insurance premiums start higher but remain level to age 100. Keep this in mind when you get your life insurance quote.

How Much Coverage Should I Get?

When choosing a coverage amount, you'll need to consider your current and future financial obligations — such as paying off your home mortgage or planning your children's education. If you are a business owner, a financial obligation may be paying off business loans, other business debts, or buying out a business partner. Choosing the right amount of life insurance coverage is very important. Life insurance should solve a financial problem created by your death so take some time to define what you want your life insurance dollars to do. This will help you decide on the product that will work best for you.

Request a Life Insurance Quote

Now that you’ve started thinking about the amount of life insurance and maybe the type of product you need, you’re ready to look at some life insurance quotes. We can help you confirm the right amount of coverage and show you premiums for all the different life insurance plans available. Contact us today at our Edmonton office for a free, no obligation life insuarnace quote.


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.