Life and Health Insurance
Expand your sales opportunities by introducing our value-added mortgage insurance solution to your clients
Mortgage season is in full swing and you already know the benefits of our all-in-one insurance solution combining Term life insurance with Disability and Critical illness insurance riders under a single policy. Why not introduce our comprehensive Loan Insurance product to your clients? Offer them a solution that meets their needs and benefit from increased sales opportunities knowing that:
- The latest Statistics Canada data say that Canadian families owe nearly $1.65 on average for every dollar of after-tax income, and mortgage represents a significant portion of this household debt. There is a definite need for financial planning and insurance coverage. Meet with your clients today and offer to help them consolidate their debt under one insurance policy, whether it is a mortgage loan, line of credit, car loan, student loan or any other personal loan. An individual life insurance policy will provide more flexibility and will allow saving on insurance premiums and fees when compared to products offered by banks.
- Mortgage insurance is a great introductory insurance product for family protection that provides the opportunity to build lasting relationships with your clients, as their financial needs will evolve over time.
- Product features also make Loan Insurance very appealing to small business owners with commercial loans or lines of credit.
WHAT’S IN IT FOR YOUR CLIENTS?
- Additional flexibility:
- Your client can obtain a life insurance amount based on their needs assessment, not only to cover loans but for other personal insurance needs as well. No proof of loan is required to obtain life insurance coverage.
- The life insurance amount remains level even as debt is repaid, unless a decreasing insurance amount is selected.
- Your client saves on insurance premiums by combining coverage rather than keeping separate insurance policies, often offered by the bank.
- Ability to renew or convert to permanent life insurance without evidence of insurability.
- Option to add a Disability insurance rider to help meet loan related financial commitments in the event of a disability.
- Option to add a basic, low cost Critical illness insurance rider to your life coverage without additional underwriting being required. A great way to introduce living benefits to your client, who may choose to add additional CI coverage in the future as their needs evolve.
AND THAT’S NOT ALL….WE OFFER HIGHLY COMPETITIVE RATES TOO.
Our industry-leading Term life insurance rates for both level and decreasing insurance amounts truly make us stand out from the rest. We are especially competitive for terms of 25, 30 and even 35 years should your clients’ needs require longer term coverage. Our Term life, Disability and Critical illness combination provides your clients with a highly affordable and flexible insurance package.