Denikings Insurance and Investment Broker offer many various types of life insurance policies including Term Insurance in Toronto and Alberta. Term life insurance is a very cheap plan when initially purchased and it is suited for temporary needs. A term is a specific time period for which you are buying insurance coverage. Common term periods include: 5, 10, 20, 25, 30, 35 and 40 years.
Why Get Term Insurance
A term insurance policy can be a more efficient option compared to permanent life insurance. Term insurance is efficient in a sense that you get a large amount of coverage, at an affordable price, for a specific period of time. A person may only want financial coverage until their mortgage is paid off or until their children have graduated, term insurance is a very beneficial option in terms of affordability.
Selecting a plan from various different companies and their policies can be very irritating, let Denikings Insurance and Investments Broker help you chose the most beneficial plan based on your financial situation. We will make understanding term insurance much easier.
Advantages of Term Life Insurance:
- It can help you stay financially protected for a specific time period when you may need financial coverage such as mortgage protection, car loans, etc.
- It can be converted into permanent life insurance without needing to provide evidence of insurability.
- The face amount for the policy will be paid out to the beneficiary(s) tax-free.
- The face amounts are also protected from creditors. If the insured owed money to a third party when they died, the face amount money is unattainable from the creditors.
Term Insurance is a great choice for first-time insurance buyers because it is affordable and provides great coverage.
Denikings Insurance and Investment Broker is a trusted place to buy insurance.
We are dedicated to our client’s needs and work hard to ensure that they are satisfied. We have helped many clients meet their needs in Toronto and Alberta. Our relationship with top insurance firms ensures that we can get you the best possible rates. Call Denikings Insurance and Investments Broker for a quote right now.
Disclaimer: Insurance, Investment and Mortgage products & services are provided by Devangkumar Shah.
Mutual Funds license sponsored by Shah Financial Planning Inc.
Lotus Loans and Mortgage ltd. is the principle mortgage broker.