Category Archives: Life Insurance Quotes
Top 3 Life Insurance Companies for Brampton Residents
There are over 35 Canadian Life Insurance companies offering policies to those living in Brampton. Each company has slightly different underwriting rules. Hence, not all companies are looking for the same type of clientele. To explain, some companies specialize in insuring Commercial Pilots. Accordingly, other companies will offer better rates for Students. Knowing the difference is the key to getting the correct coverage at the best price.
Solutions Financial has the Experience
Solutions Financial has a close relationship with over 20 Canadian Life Insurance companies offering Life Insurance in Brampton. We have taken the time to understand each product inside and out. This makes it easy for us to quickly recommend the right company and obtain the quickest approval.
Life Insurance Coverage Amount
The average person in Canada does not have enough life insurance. Research shows that for those people who actually have life insurance coverage (about 30% of Canadians have no life insurance what so ever) $156,200 for insured individuals and $312,200 for insured households. Most life insurance experts suggest a minimum of 10 times annual income to provide a satisfactory amount of life insurance protection.
Hobbies That make your Life Insurer Squeamish
Things like smoking or having a high risk job will affect your life insurance policy – namely the premiums will be higher in relation to the risk you take. Most people, however, do not think of their hobbies when they take out a policy. What hobbies may make your Life Insurer squeamish? Some activities that you perform as a hobby in your spare time will make your insurance company very nervous. An obvious example; having “skydiving” as a weekend hobby will affect your policy. It will cost you a lot more than someone who doesn’t go skydiving as you have a greater risk of being killed while enjoying this hobby.
Failure to inform your life insurance company of a potentially dangerous hobby could result in the company not paying out in the event of a death while partaking in that hobby,