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How To Get The Best Life Insurance

Best Life Insurance Policy

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?

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The origins of Life Insurance date back over 5000 Years!

The History of Life Insurance

 

 

 

 

 

The History of Life Insurance can be traced back some 5000 years ago. There weren’t any documents to support the insurance policies, but there were still ways to promote it. 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. (more…)

Canadian Life Insurance Brokers

Canadian Life Insurance Brokers

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A Canadian Life Insurance broker is a certified professional who specializes in providing insurance policies from various insurance companies

Canadian Life Insurance Brokers are professionals who specialize in providing insurance policies from various insurance companies. The main difference between a broker and an agent is that the agent sells insurance from a single company. On the other hand,  a broker represents multiple companies. This allows a broker to provide more options to find you the most suitable coverage at the best rates.

Licensing in Canada

In Canada, each province is responsible for specific licensing requirements for brokers. Thus, the province regulates and monitors the market to insure that fair and ethical practices are being followed. A Canadian life insurance broker is a particular type of broker who specializes only in life insurance. Above all, thee life insurance industry is continually changing. So, this complicates certain polices. A professional broker is a necessary resource when you are shopping for life insurance. Brokers are tasked with maintaining current knowledge about the latest policy offerings and industry trends. This knowledge is then passed to the customer, which allows them to be confident that all of their insurance needs are met.

Why choose a Canadian Life Insurance Broker?

If you are shopping the insurance market to purchase life insurance, it is beneficial to work with an independent insurance broker. There are a number of reasons for this. The biggest reason being; a captive life insurance agent has a direct relationship with the insurance carrier. Hence, their interest is with the provider, not the life insurance buyer. Conversely, a life insurance broker usually has no such contract with the insurance companies. This means that their interest is getting the client the best possible contract.

Solutions Financial makes it easy!

As consumers become more reliant on the internet to educate themselves on life insurance, life insurance brokers are forced to provide this information. As an illustration, Solutions Financial prides itself in connecting Canadians with the best insurance advice! Solutions Financial is committed to getting you the best possible coverage at the best price.

Get a quote today or contact us with any questions you might have.

Get a life insurance quote today.