Just bought a home or renewed your mortgage? Protect your loved ones with the right insurance.
If you want to protect your family with life or critical illness insurance, make sure it’s with an individual policy and not through the bank. Here’s why:
- The right to choose your own beneficiary; with bank insurance, the bank is the beneficiary.
- Coverage is portable and you are the owner. If you move, your insurance moves with you, and there's no need to reapply. With a bank plan, if you change lenders, you need to reapply for new coverage.
- Lock in your rates with guaranteed pricing and coverage. With a bank plan, your coverage and rates may not be guaranteed.
- Bank insurance does not allow your family to decide how to spend the money; with an individual plan, your beneficiary can use the money as they wish: to pay the mortgage, take time off work, or pay for a child's education.
On top of these important reasons not to buy from the bank, we're often able to save our clients money, usually between 10% and 30%, over their bank insurance with individual life, and critical illness coverage!
Every client receives a customized insurance needs analysis report that gives a personalized picture of what type and how much coverage they need. Our recommendations are prepared based on a full market survey of top Canadian carrier rates and products. We shop the market on your behalf.
Please give us a call at 604.872.2866 or email info@truebenefits.ca for more information.
Rachel von Sturmer, BA, GBA, CFP
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