Thinking about life insurance can often become a great odyssey. This is because we do not know its main features, and with them the benefits it will bring to our economy. However, if you want to maintain financial peace of mind, life insurance is all you need.
Anything can happen to us, since as humans we are prone to chance and life turns around when we least imagine it. Keeping in mind that the well-being of your family is very important when you are no longer around, is to know that life offers you many opportunities to show your affection to those who love you.
Therefore, if you have a family business, a mortgage loan, important fixed expenses, debts or credits that will fall on your family when you are gone, this article is for you. We are Lewer Canada, insurance experts who want to help you with everything you need.
Are you looking to ensure the well-being of your family and loved ones? Do you want a ticket to keep your family happy and well? If your answers were “yes”, join us and discover the 7 characteristics of a fair life insurance, which we present to you. So, without further ado…
Let’s get started!
Life insurance: key features
When the going gets tough, a life insurance policy can become a great ally, to solve debts and provide a happy future for the ones you love. That’s why we at Lewer Canada tell you more about it.
1. The policy has a sum insured and a premium
If you are going to take out a life insurance policy, it is important to remember that it has two important elements. The first one is related to the sum insured, that is, the amount of money that your family will receive in case of a tragedy previously specified in the contract.
On the other hand, the premium is the amount of money you will pay in monthly, semi-annual or annual periods. Therefore, both elements must be specified in detail in the policy contract. In this way, you will be safeguarding your financial future.
2. Covers all the essentials
One of the most important characteristics of life insurance is that it covers everything you need at any given time. Therefore, if you are going to take out a policy, it is important that you observe and ask about everything included in the contract, so that you can find out if it is adapted to you or not.
3. It provides financial security for your family
A life insurance policy seeks to keep the family economy afloat, based on a monetary compensation, in case of tragedy. That is to say, as long as your family members meet the requirements previously stated in the policy, they will benefit from an economic amount that will allow them to be well off.
4. Provides protection in case of illness or disability
As expected, a life insurance policy focuses on family protection, but it also benefits you directly. In case you suffer a serious illness or become disabled, you will be covered by the insurance policy, so that you can cope with your illness or condition without any worries.
It is true that Montreal offers medical facilities to its inhabitants. However, a fair life insurance policy will never be superfluous. On the contrary, it will help you to solve financial problems, allowing you to avoid any more setbacks and to concentrate your strength on recovering.
5. No debts and taxes
Although there are exceptional cases, the money that the beneficiaries will receive, in case of death of the holder, will be free of taxes and liens. This means that the compensation will be delivered in full and the capital claimed by family members will not be subject to taxes.
6. Provides financial security
Undoubtedly, all of us seek the security of not having to worry about debts once we are no longer here. However, mortgage payments or other problems will always await us. That is why it is important to take out a life insurance policy.
After our death, or some eventuality that prevents us from continuing to work, what can we do if the debts are still there? A life insurance policy is the solution, since it allows us to receive income that can be used to pay debts, while the family stabilizes economically.
7. It adapts to what you need
Another feature of fair life insurance is that it allows the policy to be modified throughout the contract. In this way, it can be adapted depending on the situations you live in, modifying its coverages or the list of direct beneficiaries.
Likewise, you can choose the type of policy that best suits you, in such a way that it will be up to you whether you want to pay monthly, bimonthly, quarterly, half-yearly or yearly. It will also be up to you what problems you will seek to solve with your life insurance.
Getting a fair life insurance policy
After knowing the 7 characteristics of a fair life insurance, we invite you to contact us. We are Lewer Canada, expert advisors working as a Third-Party Administrator (TPA) and as a Third-Party Payor (TPP). Therefore, we are at your disposal for any eventuality you may need to solve.
We have been in the market for more than 40 years, and we have extensive professionalism, being intermediaries between employees and companies of great prestige in the region. Likewise, we put at your disposal numerous experts, highly trained, so that your life insurance is processed in the best possible way.
Therefore, you will only have to concentrate on achieving and fulfilling your dreams. That said, we offer you, our services. In addition, you can contact us by e-mail at [email protected] or at 800-667-2865.
You can also find us at 3131 boul. Saint-Martin Ouest, bureau 410 Laval, QC, H7T 2Z5. Because with life insurance you will be ensuring the financial security of all those you love. We are Lewer Canada, an initiative that seeks to help you solve all your problems. Visit us, because you will love it.
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