Life Insurance Information
LIFE INSURANCE HELPS PROTECT YOU AGAINST THE UNEXPECTED
One summer I personally handed out over $1 million in life insurance checks to clients. It was a very upsetting time except when the beneficiaries opened their envelopes and saw their claims were settled in less than 2 weeks. WOW this is incredibly powerful I thought to myself.
One client paid her mortgage off and added over $250,000 to her retirement savings. She will never have to worry about money again. Life insurance is all about planning for the unexpected. And making a significant difference in your families lives. Providing protection for your family, estate or business. Call me on my direct line 289 338 0543 to discuss the best way to purchase a Life Insurance Policy
Why do we need Life Insurance?
Life insurance protects then secures your loved ones futures against the unexpected.
OR protects your business or estate against future tax liabilities.
We recommend that you decide a purpose for owning Life Insurance, and a reason for buying insurance so you know you have enough.
Purpose of Life Insurance is to:
- Pay for funeral expenses
- Payoff your debts
- Provide future income by replacing lost income for your family if you die prematurely
- Payoff your future tax liabilities
- Create additional wealth to pass along to your wife and children
- Insure your estate or business tax liabilities for your family or partners
- Create a charitable legacy through donating an insurance policy (may be tax deductible)
- You think its a great way to create money-insurance is money
- Take tax free loans against whole life policies with cash value
- Provide tax free income in later retirement years
Frequently Asked Questions:
How much Life Insurance do I Need?
Decide if you want to just cover debts or replace income and pay off debts-at least 10X to 20X your income.
You should have enough Life Insurance to create enough capital to replace your income + outstanding debts + future education needs.
This usually looks like a lot. Prudent financial planning recommends you spend at least 10% to 25% of your plan on Life Insurance
How to buy Life Insurance?
Use free online quote engines that do not ask for your contact information before you get a quote. Then request an illustration and application online.
Where to buy Life Insurance?
Buy your insurance online from an independent insurance broker
Do I need Mortgage Insurance?
NO you don`t need Mortgage Insurance to buy a house. Its a good idea to insure your life for the value of your mortgage loan
Can seniors over 50 still or ages 50 to 85 buy life insurance?
YES you can, there are specialised policies and Life Insurance Plans that will help older folks looking for more life insurance
Use our quote engine to find the cheapest Term Life Insurance, Lowest cost Life Insurance Quotes, cheapest Term for Life, Whole Life or Universal Life insurance PRICES.
Pay yourself first and save 25% to 40% on Life Insurance.
(call for 289 338 0543 for an insurance needs analysis)?
We can show you how to pay less for Life Insurance:
- At Agile Financial Services, we guarantee you can find the lowest life insurance rates with the best Insurance Companies in Canada.
- 2 out of 3 customers find they are paying 25% to 30% too much.
- You will save as much as 65% on your new policy life insurance premium.
- We check at least once per year to see if your insurance company has lowered their term rates every year. Then let you know so we can adjust your life insurance policy saving you money.
- We have contracts with all the Canadian Life Insurance Companies so we are able to help you look for the best Insurance Policies.
TERM VS WHOLE LIFE ?
You can generally look at insurance in 2 ways: Do you want to RENT Cheap Term Life Insurance for a period of time or OWN a Whole Life Policy then accumulate a cash value that can pay back your policy premiums?
There are many kinds of life insurance, but they generally fall into two categories: Term Life Insurance is like renting and Whole Life Insurance will have a cash value that you own.
Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.
If you have Mortgage Insurance or Mortgage Creditor insurance we recommend that you purchase and own your own policy. These policies provide declining coverage as you pay down your mortgage. Watch this video from CBC Market Place In denial to understand why mortgage insurance is a junk product
In contrast, whole life insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, whole life insurance accumulates cash value and is priced for you to keep over a long period of time.
It's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your needs and circumstances. Often coming down to what you can afford. Or defined by the purpose of the life insurance policy.
Try running your own quote on our home page. You'll get a feeling for the various options, prices, providers. If one of those looks interesting then click the request an application button then we'll receive your information.
The best way to calculate HOW MUCH YOU NEED is to meet with or talk to a qualified and licensed life insurance professional. You can also request a life insurance quote, in-force policy review or needs analysis.
Life Insurance Quote Forms
Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.