- Is life insurance worth it?
Absolutely, it is the most important purchase you can make in your life.
Life insurance is worth your money especially if you have dependents who rely entirely on you financially. And remember, the best time to buy a life insurance policy is now. The younger you are, the better the rates. You simply cannot beat the life insurance rates you can get in your 20s or 30s that can save you a lot of money in the long run.
- How much would a regular life insurance policy cost?
A regular life insurance policy of $500,000 coverage may cost a 35-year old male, non-smoker only $22/month. However, the cost is variable and is dependent on several factors like:
a) Coverage amount: You would obviously pay more premium for a $500,000 coverage in comparison to that of $100,000.
b) Age: Life Insurance premium increases as you age. The younger you are, the cheaper the rates.
c) Gender: Life insurance is slightly cheaper for women compared to men.
d) Health status: If you have any health condition or are a smoker, life insurance will cost you more because it puts you at a higher risk of death. A non-smoker’s life insurance policy comparatively costs a lot less than a smoker’s life insurance plan.
e) Type of policy: The 2 major types of life insurance policy are term life insurance and permanent life insurance. Term life insurance is always cheaper than that of permanent life insurance.
To know how much a life insurance policy would cost for you depending on your age, gender, health status, and coverage amount, get in touch with our advisors.
- What are the primary types of life insurance policies?
The two primary categories of life insurance are Term Life Insurance and Permanent Life Insurance. As the name suggests, term life insurance provides coverage to the policyholder for a certain period of time. Permanent life insurance policy, on the other hand, covers the policy holder for life.
To know which one is the best fir for you depending on your budget, goals, and current financial situation, get in touch with our life insurance advisors.
- Why purchase life insurance from Trust Life advisors?
Our advisors aren’t bound to a particular insurance company or the products of a specific company. They are free to research multiple companies along with their offers and discounts to find the best price for you as far as life insurance is concerned.
Also, life insurance should be as unique as you are depending on your budget, goals and current financial situation. We provide a customized life insurance plan by taking a closer look at your needs, thus, ensuring everything stays under budget and you are neither overinsured nor underinsured in any way.
We will also get you the best available deal from a wide array of options across a host of life insurance companies, while direct insurance company agents are bound to represent a particular company, and are hence, extremely limited to the number of products they can offer.
Our consultation is absolutely free of any charge with zero obligations.
- What makes Trust Life advisors different?
Our life insurance advisors have over 30 years of collective experience providing both businesses and individuals, fully customized solutions to life insurance requirements in Ontario, Canada.
Partnered with Canada’s top insurance companies to bring the most appropriate customized life insurance solutions, we strongly believe in the value of building a long term and mutually beneficial relationship. We take pride in our impeccable customer support making sure none of your enquiries go unanswered.
Protect Your Loved Ones.
Trust Life & Investments provides the right amount of Insurance coverage to Canadians in Toronto, Mississauga, Brampton, Hamilton, Ontario. Life Insurance can be very complicated. We keep it simple.
Most of us purchase life insurance to ensure the financial security and well-being of our loved ones. Because we all know that no matter what happens to us, life must go on.
Choosing the right type and amount of life insurance needed can be a challenge. Following a needs assessment we will be able to choose from the various types of insurance that best suit your needs.
Types Of Life Insurance Products Available
Frequently Asked Questions
Types of Insurance
Term Life Insurance Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain […]
Permanent Insurance When it comes to choosing life insurance there are many reasons why people choose Permanent Insurance. Permanent Insurance which is sometimes also referred to as “whole life insurance” provides it’s policy holders lifetime coverage. An added benefit of Permanent Insurance is that is has the potential of earning cash value over a period of time. […]
Universal Life Insurance Universal life insurance (often shortened to UL) is a type of permanent life insurance. UL protection is for lifelong peace of mind with a broad range of investment account options for tax-preferred savings growth. How Does It Work? Flexible premium, adjustable benefits, current interest rate applied Combines term insurance and savings account. Both […]
Whole Life Insurance Whole Life Insurance is also sometimes referred to as “straight life” or “ordinary life”. This type of life insurance policy is guaranteed to remain in force for the insured’s entire lifetime, provided required premiums are paid, or to the maturity date. This particular type of insurance has both investment and insurance components. […]
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