• Home
  • About Us
  • Money Coach
  • Education
  • Invest
  • Insurance Glossary
  • Contact Us
  • Privacy Policy
Call Us CALL | 800 748 5306 Ext 201, Direct 289 338 0543
Home
  • Home
  • About Us
  • Mortgages
    • Mortgage Rate
    • Which Mortgage | Mortgage Calculators | New Home | Refinance | Equity
    • Retirement Mortgage Services
    • The Truth About Reverse Mortgages
    • Types of Mortgages - Which One is right for you?
    • Mortgage Calculator, How Much Can I Afford?
    • Mortgage Calculator, calculate, interest, balances, & amortization schedules
    • Mortgage Calculator, Compare Mortgages Features and Terms
    • Mortgage Calculator, Pay your Mortgage Off Faster
    • Mortgage Calculator, Accelerated Debt Payoff
    • Mortgage Calculator, Should I refinance?
    • Mortgage Calculator, Rent or Buy
  • Insurance
    • Life Insurance
    • Living Benefits - Disability Insurance
    • Living Benefits - Critical Illness Insurance
    • LONG TERM CARE INSURANCE
    • Life Insurance Quote
    • Insurance Quotes & Retirement Analysis
    • Group Benefits | Group Health Insurance
    • Insurance Glossary
  • Saving
    • Saving, How To Save More Money
    • 10 Amazing Money Saving Tips
    • Personal Finance Ideas
    • Get Money Coach Newsletter
    • Tax Free Savings Accounts | What Is TFSA?
    • Registered Retirement Savings Accounts | What is an RRSP?
    • Debt Consolidation Plans and Loans - Less Stress & Worry
    • Financial Planning Education & Information
  • Investing
  • Retirement
    • Retirement Planning | Savings and Income - How Much do You need to Retire?
    • Retirement | Saving and Investing - The Challenges?
    • Retirement Planning | Taxation Before, During and After Retirement
    • Registered Retirement Savings Accounts | What is an RRSP?
    • EASY RETIREMENT CALCULATOR - Amount Needed to Retire at 60 OR 65
  • Blog
mortgages Mortgages

Save thousands with the right morgage!

Read More
life insurance Life Insurance

Understand why life insurance is important. Term or Whole Life anyone?

Read More
SavingSaving

Learn how to save more

Read More
Invest Invest

Learn how to achieve 8% to 20% returns

Read More
Retirement Retirement Services

Retirement Mortgage, Investment & Insurance Services

Read More
Debt Consolidation Debt Consolidation Services

Become debt free by consolidating learn how.

Read More
Home > Blog > Looking For Life Insurance Quotes
FRIDAY, OCTOBER 12, 2018

Looking For Life Insurance Quotes

After working with Online Life Insurance quotes for a while its pretty clear many folks click on those paid ads at the top and bottom Google Search. Which leads you to a landing page that asks you for your email and phone number. You may receive a call within minutes to schedule an appointment. 

You should be cautious as many brokers and insurance advertisers are linked to their favourite 6 or 7 Life Insurance Companies where they receive volume bonuses.

You may be looking for seniors life insurance or guaranteed issue No Medical Policies. To be honest if you are over 60 with medical problems its pretty hard to purchase low cost insurance for under $100 per month to be realistic about it.

Another favourite approach is to offer  $500,000 of Term 20 for $7 per month which for the most part not available for many of you with medical issues.

Many clients ask about Mortgage Insurance and Mortgage Disability Insurance purchased from their bank branch.  We always advise against buying this type of insurance. Its much better to complete a financial needs analysis to determine how much coverage you need. Then go shopping on the few open free and complimentary life insurance quotes before you call anyone. Find a good independent Life Insurance Broker that sells all the life insurance companies in Canada then ask them to prepare a detailed life insurance plan to covers you needs.

Most clients ask about cheap term life insurance of which there are many providers out there. Its usually in price bands so in many cases its lower cost to buy $500,000 than $450,000 of term 20. 

Lately I 'v met with lots clients coming to the end of their Guaranteed Renewable and Convertible term life policies with renewal notices that are 200% to 300% higher premiums. If your healthy its cheaper to apply for a new policy. However using lots of lower cost term life means that if you want to continue life insurance later on in life you will get a major price shock when your looking fore insurance coverage at age 60. Whole life gets a bad rap and the usual moniker is buy term and save and invest the rest. Then good luck trying to be insured when your older.

When your over 60 (and in good health) and want life insurance in place for the rest of your life Whole Life for $25,000 or $35,000 is the best way to go. 

If you do decide that some Whole Life coverage is right for you then select a reputable Life Insurance company. Just recent we met with prospective clients that were very unhappy with SUN LIFE as they just increased their Whole Life Insurance premiums even though they had a level premium clause in their contract. Sounds like the insurers ran into trouble with either their investments or mortality calculations and underfunded these policies. Its important to select good insurance companies that have a history of good financial results and paying out claims

Be careful with those colourful online ads promising lots of cheap insurance - when you click it might not be for the company you think you are trying to contact.

Try this link below its free and we wont ask for your information. If you have a question call us 289 338 0543

www.agilefinancialservices.com/online_life_insurance_quotes/compare_life_insurance_quotes_online.aspx

 

 

 

Posted 12:39 PM

Tags: looking for life insurance quotes online only - be careful where you click
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2018
  • 2017
  • 2016

  • 7 challenges of retirement(3)
  • retirement planning(2)
  • how much do i need for retirement(2)
  • longevity(2)
  • living longer than your money(1)
  • investment policies for longevity(1)
  • pre(1)
  • planning for health expenses during retirement(1)
  • retirement planning how much to save(1)
  • health(1)
  • negative interest rates(1)
  • principle residence exemption(1)
  • retirement(1)
  • 7 retirement challenges(1)
  • life style replacement ratio(1)
  • why a 20% home down payment may not be worth it(1)
  • policy renewals(1)
  • how much savings do i need to retire(1)
  • lsrr(1)
  • canadian retirement income calculator(1)
  • how to use rrsp's to save tax(1)
  • retirement challenge(1)
  • term life insurance(1)
  • how much do i need to retire? retirement(1)
  • looking for life insurance quotes online only - be careful where you click(1)

View Mobile Version
Facebook
Twitter
LinkedIn
Google+
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Twitter Logo
Tweets by @iiiorg

Resources

Home About Us Get a Quote Education Newsletter Contact Us

Contact Us

  • Mailing Address
  • 96 Kennedy Road S
  • Suite 204
  • Brampton, ON L6W 3E7
  • O: (800) 748-5306
  • E: info@agilefinancialservices.com
© Copyright. All rights reserved.
Powered by Insurance Website Builder