If you have loved ones who depend on you for financial support, then purchasing life insurance will provide them with a financial safety net and stability. It also serves as a wealth accumulation tool when it matures before your death. Life insurance is very important and spending the time to set up the right one for your needs will enable you to focus on making the most out of your life. However, as there are several life insurance policies available with different features, deciding which one is the best can be challenging. To simplify the process for you, Camlife Financial Corp has designed a Beginner’s Guide to obtaining life insurance. Through this guide, we plan to educate you on the basic methods of finding an insurance policy that’s relevant to your requirements.
Did you know that one in three adults will suffer from a severe disability before they reach retirement age? This impacts their ability to earn, support their families, and maintain their standard of living. Income replacement insurance, addresses this risk. Some companies offer their staff adequate disability coverage but many do not. Those who aren’t protected against disabilities will need to obtain their own coverage.
COVID-19 has brought insurance back into the public consciousness. Here are some FAQs that we get on a weekly basis:
So, to ensure you have all your doubts cleared, Camlife Financial Corp wants to arm you with the most accurate information available to help you get insured. To do this, we’ve answered some of the most frequently asked questions about life and health insurance.
Life insurance has numerous advantages like tax benefits, return on your investment and pay-outs from certain policies. While this is the case with most insurance schemes, it is important to do your research into the coverage your life insurance provides. Check the age criteria they look at to decide premium along with the long term viability and the rate at which you recoup your investment. This being said, it is easier to gain a deeper understanding of insurance benefits and the pitfalls you should look out for if you employ the expertise of a competent life insurance broker.
Every industry has its own language and terms. These words and phrases can be confusing to anyone who is not part of the daily operations of a specific industry, and the insurance sector is no exception.