Life Insurance

When it comes to Funeral or as it is called "Last Expense" or Burial Insurance, it is very easy to chose the wrong product.

One thing we do not recommend is Pre-Paying for a Funeral at a Funeral Home. The mail reason is that you have to part with that expens right away or withing a fairly short lenght of time if the Funeral Home has a payment plan. Should you die before the Pre-paid funeral is paid-off, usually your family will still owe the Funeral Home and will have to pay it off. You are also tied in to that location, and if you ever move away, it will be very hard if not impossible for you to transfer the plot, ot sell it.

The best solution we have found is to buy a simple, cheap, Whole Life policy that will cover the amount of the Funeral Expense. You can even buy a policy with a guaranteed number of payments (such as 10 or 20 years) after which time it is paid up for life.

For instance, if you are in reasonably good health, then you should not be taking the Guaranteed issue type of insurance. Sure, it requires no medical, and very few questions are asked, but... did you know that the policy doesn't pay if something happens in the first 2 years?

Off course, there is a time and place for that sort of policy, if you are un-insurable because of a health condition, but how do you know ? The answer is, let us help you, we have over 20 years of experience with all the major insurers is Canada and we can tell you what the best option for you is, just give us a call or email us.

A lot of companies are "raking it in" and advertising like crazy on late night TV, we have all heard the famous "Hey it's Patrick, he took out Life Insurance..." commercial, and I know that a lot of people are buying these type of policies, and there sure is a need for it. I mean, having people scrambling to pay 10 or 15 thousand dollars for your funeral, you don't want that. There is an easy and inexpensive way to take care of that expense upfront, while you are still alive.

If you have a health condition that you think may prevent you from being insured (maybe you have been declined already), you most definitely need to talk to us. There are a lot of specialty products out there, but getting the right one for you is key, because I see a lot of people buy the wrong policy, here are some examples:

- One 60 year old man with Diabetes applied for a policy that required a medical. After a 2 months evaluation, he was rated 250% and the premium was just out of reach for him so he declined the offer. Had he talked to us first, we would have recommended a policy with CPP, who actually can insure a diabetic that is not on insulin without a medical exam, and no waiting period.

- Another lady I spoke to did the opposite, she thought that she couldn't get insurance because of her high blood pressure and high cholesterol, so she bought one of those guaranteed issue plans on TV, which was extremely expensive, and she was not covered for the first two years. What we did is applied at a couple of companies for her after (yes, she did need a medical for that), but one of the Insurers gave her a regular health rate because all her medical problems were well controlled with meds, and she saved a lot of money, and had coverage starting right away (no waiting period).

So you see, because of so many variables, knowledge and experience is key, and we have it, so take advantage of it!

Questions? 

Call and talk to an insurance expert that is independent of any one company but has the knowledge and expertise to give you the information you need to make the right choice. We have experience with all the insurance companies and will be able to match you up with the right one for your situation.

Been declined? Having trouble getting life insurance?

We can help. We leave no stone unturned and will check with all insurers to get you coverage for the best price available.