WHAT is Term life insurance online?
Term life insurance or term assurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time for example Term 10,20,30,40 are insurance policies same premiums for 10 years, 20 years, 30 years and 40 years respectively. After that period expires coverage at the previous rate of premiums is no longer available and you must either forgo coverage or potentially obtain further coverage with increased premium payments. If the insured dies during the term, the death benefit will be paid to the beneficiary.
Benefits of Term Life Insurance online?
There are few benefits
1.– low cost
2.– ability to buy higher amount of insurance, since the coverage is not that expensive.
3. – to cover short term business loans.
WHAT is Whole life insurance online?
Whole life insurance policy pays a monetary benefit to the named beneficiary when the death of the insured happens, later or sooner, we all have to go one day and when ever that time comes, it would pay a lump sum benefit to family.
Benefits of Whole life insurance online?
1. It is a permanent insurance and guarantees pay out to beneficiary one day, when ever the insured happens to pass away.
2. Funeral planning or final expense planning is a good fit for whole life policy as we know that one day for sure money would be needed and this whole life plan would payout the coverage amount to the beneficiary that too 100% Tax Free.
3. Estate Planning – when estate is transferred from one generation to next; there are tax consequences.
4. Children or Grand children – that is another major reason why parents or grand parents buy policies to leave money behind.
What is No Medical Life Insurance online?
No medical Life Insurance as name signifies Life insurance without medical examination ie no blood work, no needle tests or urine sample or no medical results from doctor. If you have any of these health conditions, we can insure you:
1. Cancer
2. Heart attack
3. Stroke
4. High Blood Pressure
5. Cholesterol
6. Diabetes – Insulin
7. Hepatitis B
8. Hepatitis C
9. Cirrhosis
10. Kidney disease
11. Bypass surgery
12. Dementia
13. Depression
14. COPD
15. Respiratory condition
16. Declined by other Life Insurance
17. MS (Multiple Sclerosis)
18. Angina
19. Hemophilia
20. Thrombocytopenia or serious Anemia
No Medical Life Insurance has its own advantages and disadvantages?
Advantages:
• Easy to get, just need to answer few health questions and you get the Life Insurance coverage.
• Hard to insure individuals, who are declined by other insurance companies.
• Older or Elder individual with health conditions or just need small policy for final expenses.
• Some are just scared to have needle for blood work.
Disadvantages:
• Premiums are higher as these insurance plan risk is treated as higher risk.
• Underwriting is done at the time of claim.
• Two years waiting period; most of these plans have restriction that in case of death claim in first two years other than accidental death there is only refund of premiums.
• No medical Term Life insurance policy may not have option of renewal at the end of term.
What is Mortgage Life Insurance?
Mortgage life insurance is offered by most banks and lending institutions. Mortgage life insurance is insurance product and it insures that in the event of untimely death of the borrower, the loan or mortgage balance would be paid off.
Plan Highlights:
- You are the owner of your individual mortgage insurance, unlike group coverage offeredby most financial institutions.
- Protection from interest rate increases, since the premiums are level and they’re guaranteed for the entire term of coverage.
- The ability to select individual or joint life insurance depending on your personal situation.
- The advantage of keeping your insurance, even if you refinance your loan or change lending institutions. Your coverage remains in effect.
Funeral Insurance Online?
That elderly person could be you yourself, your Mom or your Dad or a relative or a friend.
If answer is Yes, than we can help you or that individual to set up a simple life insurance plan that takes care of final expenses and other related cost such as hospital bills, other left over debt such as credit card bills, etc. when the time comes.
Most of us don't like to think about our own or for any loved one’s funeral, but no matter how much we ignore the inevitable, the truth is that when the time comes someone will be responsible for those expenses. The question is will it be our grieving loved ones like family members or friends who would pay the bill or would you plan ahead and take out funeral insurance to cover those costs so they'll have one less concern to worry about.
Funeral insurance protects your loved ones by covering the costs of the burial or cremation and service. Most funeral insurance policies range between $5000 and $25,000 in value and are available to persons up to age 90, so it never becomes too late to start life insurance plan, earlier the better as your good health and young age can get you lower premiums, which never change over the years and cover you till you live.
Super Visa - Insurance requirements
Applicants must submit proof that they have purchased Canadian medical insurance that:
1. is valid for a minimum period of one year from the date of entry to Canada;
2. provides a minimum of $100,000 in coverage; and
3. covers the applicant for health care, hospitalization and repatriation.
Applicants must also meet all standard admissibility criteria. There are a number of reasons why you can be found inadmissible, denied a visa and refused entry to Canada. 100% Refund of premiums in such case.
For the visa officer to determine whether the applicant is medically admissible to Canada, the applicant will also be required to undergo an Immigration Medical Examination (IME) prior to being issued a Super Visa.
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