Shopping for individual life and health insurance, but do not know where to start?
• First, you have to Analyze your Situation
• You should learn more about the different insurance companies, the services they offer and the products they distribute. We at Life Care insurance are working as independent Broker agency helping Canadians find most competitive Insurance coverage at cheapest possible premiums. We deal with all major insurance companies and have access to most of the products available on shelf. We at Life care follow strict guidelines of consumer privacy, ethics, trustworthy advice, excellent service and help you find the best.
• You must prepare for your Meeting with a Representative.
So you’ve decided to meet with a representative and are wondering:
• What questions should I ask myself before the meeting?
• What should I do to prepare myself for the encounter?
• What questions should I ask the representative? What should I expect?
To answer these questions, here is some information that will help you prepare for the meeting, feel more comfortable and take an active part in it.
• What I should do Before the Meeting
• What I should do During the Meeting
• What are our mutual Responsibilities and Expectations?
I Need to Analyze my Situation
First off, you must make sure you know what to watch out for. After all, your financial security is at stake!
You have to start by analyzing your situation. For assistance, contact your financial security advisor or life insurance representative. If you do not have one, call 1-877-459-2525.
What are my needs?
If you’re not exactly sure what your life and health insurance needs are, there are various tools on the market that will help you determine precisely how much protection you should have.
What is my budget?
Another crucial factor to bear in mind when shopping for insurance is; how much you can afford.
Using our budget calculator, Where’s My Money Going?, you’ll get a better idea of your current situation and the changes you should make. You’ll have the information you need to make adjustments and work toward your financial goals.
What is my situation?
Whether you’re single, in a relationship with or without children, a single parent, or even approaching retirement, it’s important that your insurance products grow and evolve with your changing needs and correspond to your present and future situation.
What are my priorities?
Finding it hard to make ends meet? Build your financial security step by step according to your priorities, financial means, and family situation. Contact your financial security advisor or life insurance representative. If you do not have one, call 1-877-459-2525.
I’m Shopping Around for Insurance
There’s really not much difference between shopping for insurance products and shopping for other kinds of consumer products.
For example, when you’re looking for a car, do you care only about price or do you get to know the main features of the various models on the market? Do you inquire about after-sales service? Do you take the time to learn about consumer satisfaction levels?
Below you’ll find all the information you need to comparison shop for life and health insurance products and make the right choice!
Comparison Shop for Insurance
• About the company
• About the services it offers
• About the products it distributes
About the company
It’s important to know who you’re dealing with, particularly since you’re buying their products. You should therefore check the following:
• The company’s reputation and financial strength
• Whether the company is a member of Assuris. Assuris is to the life and health insurance industry what the Canada Deposit Insurance Corporation is to banks, trust companies, and loan companies.
About the services it offers
Informed advice: When it comes to financial products, getting informed advice from qualified staff is essential. After all, your financial security is at stake!
• For professional guidance and suggestions tailored to your needs and budget as you set about the important task of ensuring your financial security.
• Customer service: What could be better than the red-carpet treatment, the kind you can only get from staff who are qualified, available, attentive to your queries, and able to offer you personalized service.
Inquire about after-sales service – the key to good customer service – and make sure you get the advice you need. Don’t settle for anything less!
• Information: Information is available from many sources in the industry. Whether it’s in the form of publications, Websites, conferences, seminars, or tradeshows, get to know what’s out there. Staying well informed is always a big help when it comes time to make a decision.
About the products it distributes
• Quality: Good products at great prices? You’ll find some on the market that fit this bill. But when your financial security is at stake, some other questions have to be asked. Do the products meet your needs? Are they flexible enough to evolve with your needs when you need them? Will they cover your needs for a sufficient period of time? Can you insure your whole family? A quality product is your only guarantee of satisfaction: Choose one that meets your expectations.
• Features: Before shopping for insurance products, you need to arm yourself with information on the various product features available. That way, you’ll be better able to compare.
Take a quick look at the tables showing the main features of the various types of products offered by the insurance industry. This information will guide you in the process ahead.
To learn more, consult:
• What you should know about Term Life Insurance
• What you should know about Universal Life Insurance and how you can take advantage of this product
• What you should know about Critical Illness Insurance
• What you should know about the Optional Benefits offered with these types of products
• Meeting with the representative
Price:Some people only consider price when making a purchase. Others take into account aspects they consider equally important such as after-sales service, or else compare product features to help them in their decision.
Whichever way you shop for insurance products, make sure they’re sold at competitive rates and that they meet