Tag Archives: Best Life Insurance
Online Life Insurance Broker
Life insurance is a difficult subject; it is a decision we all have to make, and a thing we all should have. It could be a simple policy that will pay out when we die ensuring our families are not overly burdened. Or it could be an investment for our retirement. The industry is full of difficult language, clauses, contracts, exceptions and fees. It is a minefield waiting to catch the unwary, and one that some people dread to walk upon. Online Life Insurance Broker makes things more secure, quicker, more conveniently and less expensively.
That’s why we have insurance brokers! They are here to make the minefield seems a little less perilous and safer to walk through.
Return of Premium Life Insurance
So you’ve decided that you want the protection that only life insurance can provide for you, now what? What most Canadians will do will conduct online research. Next, deciding which particular type of insurance will best cover their needs. The choices that you have boil down to three basic types: term life insurance, whole life insurance and return of premium (ROP) life insurance. If you’ve made it this far, chances are you’re more than familiar with both term and whole life insurance but a little unsure as to what exactly ROP insurance is and the advantages it offers.
Return of premium life insurance is essentially a hybrid of term and whole life.
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.