Why Should I work with a life insurance Broker?

Posted on August 25, 2011 by Peter

A photo showing different types of insurance

Your Life Insurance Broker can get you the best rates on life insurance for you situation!

A life insurance broker is a committed individual that encourages and listens to the needs and wants of an individual looking for the coverage. An insurance broker will be able to find appropriate rates for you to choose from. When you speak to a life insurance broker, you can get the life insurance you require from a carrier in another city or province that is offering better rates then a local life insurance company.

There are many advantages in dealing with a life insurance broker when you want to obtain life insurance. The broker is familiar with the requirements of many different carriers and knows which ones they can contact to get you the best rates on life insurance for you situation. It does not cost anything extra to use a broker to obtain your life insurance, and in most cases you will pay a lot less then if you had searched for the coverage yourself.

Your Life Insurance Broker will help you determine how much coverage your family would need in the event of your death and assist you in determining what type of life insurance would best suit your situation.

You can search online for a broker just as easily as you can search for life insurance. Instead of having to contact three or four life insurance companies for quotes in order to get the best rates, let a broker do the work for you.

Visit the Solutions Financial home page for a Free online Life Insurance Quote.

Life Insurance … What is the Underwriting Process?

Posted on July 18, 2011 by Peter

The Insurance Underwriting Process

The underwriting process generally takes about 4 to 6 weeks however if an attainting physicians report is required this could add several more weeks before obtaining a decision from the insurance carrier.

Life Insurance Underwriting is a process that determines the risk of insuring a person. Underwriting involves looking at the application and evidence provided to determine the risk the insurance carrier takes in insuring this individual. This calculation is translated into the cost of the policy, which means the more risky the individual is to insure, the more the policy will cost.

Factors an insurance underwriter use include a variety of things, such as the applicant’s age, general health, family medical history and any preexisting medical factors they may have. Also included are an individual’s choices such as if they smoke, or if they engage in risky activities such as sky-diving, bungee jumping or motor vehicle racing. If you are looking to purchase life insurance it is imperative that you understand the options that are available to you.

Buying life insurance can be a confusing undertaking without the guidance of an insurance specialist. With so many options and types of policies offered, it is no wonder people often feel weighed down. A life insurance broker works with you to make sure this is as simple and effortless as possible.

Speaking with a life insurance specialist with Solutions Financial is a step in the right direction.

How To Get The Best Life Insurance

Posted on June 3, 2011 by Peter

Getting the Best Life Insurance Policy that's right for You!

The Canadian life insurance industry is regulated by the government and has many laws in place to protect the consumer. Many independent associations also operate in Canada that work to ensure that life insurance brokers have access to continual professional development this combined with a commitment to continually improving the standards of qualifications make Canadian life insurance a safe product to purchase.

Who can you trust
How else can you be sure that the life insurance that you are purchasing is of good quality? All life insurance professionals are licensed, meaning in order to sell insurance in Canada they must pass the required exams. The Life License Qualification Program (LLQP) and the Life Licensing are exams that are specifically designed to provide that the broker or life agent is qualified to sell life insurance.

Solutions Financial is committed to providing individuals with choice and the ability to obtain the best suited life insurance for their particular situation. Let us work with you to help get the coverage you need at a price you deserve.

How Did Life Insurance Come Into Origin?

Posted on January 13, 2011 by Peter

The origins of Life Insurance date back over 5000 Years!

The life insurance policy is there in this world from very beginning. The mentality of people to have some protection against risk can be traced back some 5000 years ago. There weren’t any documents to support the insurance policies but still there were ways to promote it and also help the people get protection against the risks in their lives. The definition of insurance is to have coverage against a risk and if someone wants to protect one’s life, he/she can purchase the life insurance policy.

The first of all the life insurance policies

The concept of life insurance can be traced back to China some 5000 years ago. Insurance as in then was protection against pirates at sea. The way to protect a ship from falling into the hands of pirates was to allow other ships to carry the cargos of different ships so that if a ship was attacked by pirates, most of the important things could be recovered. Apart from the ways China used to protect the ships from the pirates, even in Babylonia, many of the traders used to take risks of the caravan bearers and used to ask them to give a certain amount of money to the traders. The money was returned to the bearers when they brought back the things to the traders. Continue reading →