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Please email us at chandler@ontariolifefinancial.ca if you cannot find an answer to your question.
We specialize in Life, Disability, and Critical Illness insurance. We provide insurance solutions for the whole family from (but not limited to) term insurance for young couples, children's riders and stand alone policies, final expense plans, mortgage insurance replacement, and permanent insurance. We do not do property and casualty insurance (fire, home, auto, liability etc...). Consider the layered approach and insurance as an asset class in our articles section if life insurance is something you are considering, or speak with a broker today.
We believe most people need life insurance but the needs for coverage vary a great deal. there are many factors that make up a needs assessment including dependents, income, age, plans for the future, savings and expense goals, debts, and the purpose of the insurance. Some clients want to ensure their debts are paid at death, others want to protect their working years of income, some want to use permanent insurance as an asset class for their estate and still others want to protect all of the above and ensure kids tuition and the cottage are paid for if something tragic happens. Life insurance is the selfless purchase and for relatively small premiums most can cover their needs and goals and most should to ensure that during one of life's most difficult times finances do not compound the grief.
As brokers we have the option to find the medical process that fits your comfort level best. There are insurance companies that offer non-medical products. These are usually questionnaire based applications that have you answer yes and no questions. Once you have a negative answer, that answer will determine the unit cost, coverage limits and tyle of insurance you are guaranteed to receive. There are also simplified medical applications similar to the the guaranteed issue but have an additional check through the medical information bureau. These checks are done by the underwriters behind the scene to verify your answers to the questionnaire but are low maintenance to the client. Finally there is full underwriting. Full underwriting may or may not (based on age and amount of applied coverage) include a visit to the house from a nurse for vitals, blood work, a letter to one's doctor(s) and or a full medical history interview.
Our broker will help you discover your true insurance needs for type and amount of coverage. We provide the needs analysis in person or online, free of charge. We are skilled at balancing budget, medical requirements and preferences in a consultative approach to life insurance planning. Start with this online tool.
Try this term life insurance calculator to compare your rates or to see what a first policy might cost. Or call us today to shop the very best rates in the market across multiple providers. A broker can provide valuable details that plan your Life insurance multiple decades into the future.
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