Life Insurance Brampton
We'll Help You Find The Best Life Insurance Product That Works For You
When it comes to life insurance, there are a lot of factors to consider. Which type of policy is best for you? What’s the right amount of coverage? How much will premiums cost? That’s why we’re here. To answer all of your questions and help you find the right life insurance plan that is best for you and your needs.
Different Types of Life Insurance
There are two main types of life insurance: term and permanent. Term life insurance is just what it sounds like – insurance that lasts for a certain period of time, or “term.” If you die during the term of the policy, your designated beneficiary will receive a payout. If you outlive the term, there is no payout and the policy expires. Permanent life insurance is also what it sounds like – coverage that lasts your entire life. There are many benefits to both options which we’ll go into depth more with clients during our meetings.
Term Life Insurance
Many people think of life insurance products as being expensive, but this isn’t true. Term insurance is the most popular type of life insurance because it’s affordable and provides a level of coverage for a specific period of time. It’s generally purchased by people who want to ensure their partner or family members are protected from financial burdens in the event of their passing. For example, they may choose a life insurance policy with enough coverage to pay for things like their mortgage and other major liabilities.
Permanent Life Insurance
Permanent life insurance combines both insurance and investing into one product. Oftentimes, this type of policy is used by people with complicated finances who may intend for the death benefit to cover estate taxes upon their death. In addition, there are different types of permanent insurance: Whole Life Insurance, Term to 100, and Universal Life Insurance.
We Can Also Discuss Disability Insurance Options
In addition to life insurance, we also offer disability insurance. This type of coverage assists you in the event that you become unable to work due to illness or injury and is designed to replace a portion of your lost income. Just like with life insurance coverage options, there are different disability insurance options too: short-term or long-term disability, long-term care, and critical illness. Depending on your specific needs, Frank will review each option with you and help you make the right choice.
What Is No Medical Life Insurance?
No medical life insurance is a type of policy that does not require you to take a medical exam. This can be a good option for people who aren’t necessarily in good health or who have health concerns but who are looking for coverage. If you’ve been denied a regular life insurance plan because of your health, don’t fret. There are still options available to you. When you speak to Frank, a life insurance advisor in Brampton today, he can walk you through how the process works, why you were denied, and how you can still obtain life insurance coverage so you feel rest assured knowing that your family isn’t going to be burdened with your financial debts when you pass.
We're Independent Insurance Advisors In Brampton
We work independently which means we have access to a wide selection of life insurance quotes from various trusted insurance companies across Canada. We’ll help you review each life insurance quote carefully so you can make a smart financial investment for your future and protect your family and assets.
Contact CSR Wealth Today
To learn more about the different life insurance options that are available to you, as well as how they can provide protection for you and your family, contact our advisor, Frank Gasper, today. Frank is honest with his clients and cares about their needs. He truly takes the time to get to know you and assist you in any way that he can.