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Types of Life Insurance Policies

There are different types of policies available for you to choose from. However young or healthy you maybe, it is best to invest in a life insurance policy ( HarrinGroup/Life-Insurance ) so as to keep your loved ones safe and secure in your absence. The term insurance is a basic life insurance in Texas. It provides a low cost coverage for a specific period of time. It is an ideal option for covering the needs which are not permanent in nature. The term insurance is an affordable type of insurance and is pays benefit only incase of death of the policy holder. You can renew the policy with ease and it comes with small premiums. You need to choose a policy based on your needs. As and when your needs evolve, you might want to invest into a different policy which provides an extensive coverage and has a higher premium requirement.

Another option is permanent insurance which addresses the permanent needs like offering a long term financial security. Its policies are designed for the longer tenure and if you have a long term need, this is the best choice for you. There are a number of plans available under every insurance policy. You need to consider your requirements and your ability to pay the premium before you decide on a plan. Despite what people think, there is no right time to invest in life insurance policy. The sooner you do, the better it is for you. You can choose to invest in a policy as soon as you start earning. This will provide you a coverage for a longer period of time and you will also be able to achieve your long term financial goals. Investing in a life insurance is the best financial decision you will ever make.

The insurance plans and products change from time to time, thus, it is advisable to gain complete information and compare the products before you make a decision. Do not make a decision solely on the premium amount, rather, it is best to compare the products and its features before you decide on a plan. Keep your goals in mind and then choose a policy for your life. It carries the biggest risk, which is the risk of life ( HarrinGroup ) and even if you have to pay a slightly higher premium for the same, it will be worth it. Life insurance is no longer a choice, it is a necessity for one and all.

Disability Insurance in Alberta – What are the Chances You’ll Need it?

Disability insurance provides partial replacement income if you become disabled and can’t work due to injury or illness. It also provides you with long-term protection if you can’t return to the job you had because of the disability.

Chances of Becoming Disabled

If you’re younger than 65-years old ( reassured.ca/disability-insurance-alberta ), your chances of becoming disabled long-term because of an accident or illness are twice as high than you passing away due to these causes.

Canadian Disability Statistics

• 7 in 100 adults between 25 to 44 become disabled

• 17% of adults between 45 and 64 years become disabled

• 4% of young people between 15 and 24 years become disabled

According to Statistics Canada, about 3.8 million working-age Canadians (aged 15 to 64) self-identified as disabled in 2012. That's 13.7 per cent of us.

The Benefits of Disability Insurance in Alberta

With the high probability of becoming disabled compared to dying after an accident or illness, disability insurance is something to seriously consider as a complement with life insurance. Life insurance helps with the financial and emotional loss of loved ones after a death; while disability insurance helps the inured party if they don’t pass away.

After becoming disabled, many can’t earn a sufficient income to survive. Additionally, there are other related expenses such as extra medical and other specialized care they need; which means more financial difficulties for the family.

Everyone’s needs and situations are different so there are several different types of disability insurance available to Albertans. However, there is criteria defining what makes you disabled before you qualify.

Disability and Insurance

You’re considered totally disabled if during the elimination period and the first 24 months:

• Your injury or sickness prevents you from performing the essential duties of your regular occupation

• You’re under the regular care of a physician

• You’re not gainfully employed elsewhere.

After 24 months, you’re totally disabled if:

• Your injury or sickness prevents you from working at any occupation for which you’re qualified by experience, education or training

• You’re under the regular care of a physician

• You’re not gainfully employed elsewhere.

Although disability insurance only covers 50% to 80% of your previous net income, consider the alternatives.

• Spend your retirement fund or savings

• Sell your assets

• Get a loan

• Move into a care facility

Disability Insurance in Alberta Exclusions

• Any type of self-inflicted injury regardless of your circumstances

• Voluntary participation in a riot or act of civil disobedience; declared or undeclared war, insurrection or rebellion; insurrection or rebellion;

• Committing or attempting to commit a criminal offense;

• Normal pregnancy and/or childbirth;

• During any period of imprisonment;

• Travel or flight in any aircraft if you have any duties on or related to such aircraft or flight, or if you are flying during any aviation training, instruction, testing or armed maneuvers.

To find out more about disability insurance in Alberta including rules you should know ( Reassured.ca/blog ), and where to get the get the best policy for your lifestyle please visit our website and give us a call.

Life Insurance in Texas - Always Compare and Buy

Life Insurance in Texas

Texas is a populous city, and as anywhere else in the world, where there is such a pack of people, here you can see a clear tendency among the people to buy life insurance policies that will cover the various financial risk factors. Such a financial planning has become an imperative factor in the contemporary world. Accidents or similar misfortunes are par for the course of city life because of various factors, including the rush in the crowded streets and the related pollution. Moreover, air pollution increases the chance of getting various risky diseases.

Various Insurance Policies

Some of the most popular life insurance policies one can find in Texas are ‘Term Insurance’, ‘Permanent Insurance’, ‘Whole Life Insurance’, ‘Universal Life Insurance’, and ‘Indexed Universal Life’. Each one is suitable for specific needs. Therefore, you have to define your actual need before buying a policy ( harringroup.com/life-insurance ), and for this, you can opt for the services of professional insurance agents.

Some Points to Reckon

• Buying life insurance when one is young is practically the sensible thing to do. This will assure you better rates, even while opting for large amount policies.

• It is always good to take quotes from several companies. Charges can be different because of the difference in the underwriting strategies. Hence, you must compare and can go for the best available option. However, while comparing, make certain that the policies are functionally similar with analogous aspects, and coverages.

• Always make sure that the insurance firm from which you are buying the policy is experienced and professional. The agent should be able to offer comparative quotes from several insurance companies, as this will enable you to pick the best one for you.

• If there is a condition for medical examination before the enrollment, it is better to do the same during the morning time. You will get better cholesterol, BP levels.

Life insurance in Texas - Go For the Professional Assistance

Texas is a crowded area, and you can find a plethora of insurance agents here. However, it is a must that you must get the assistance of a specialized insurance agent. This is because of the fact that there are several involved intricacies in all types of life insurance policies ( https://www.harringroup.com/ ), which, in fact, are the core components. You will have to read and comprehend numerous technical terms and jargons, which will be hard to digest, due to the unfamiliarity with the topic. The discussed topic will be more or less difficult to grasp, unless you get the proper guidance from experienced insurance agent. Therefore, you should approach a professionally run insurance firm for buying life insurance in Texas.

Group Dental Insurance in Alberta for Small Business Owners and Entrepreneurs

In 2016 a review of dental costs found that Alberta dentists charged the highest rates in the country. Although fees dentists can charge aren't regulated, in 2017 the government and College of Dentists got together to create a guide. Thus, the cost of visiting a dentist in Alberta in 2018 could be 8.5 per cent lower than it was in 2016.

This is great news, but dentists are still expensive, and they will never be affordable for some Canadians; this is why 32% of people go without dental coverage. For this reason ( Reassured.ca/dental-insurance ), having dental insurance in Alberta is a sound financial decision.

Even if you're diligent about your teeth – brushing twice a day, flossing regularly and watching what you eat, you can still get cavities. In fact, 96 per cent of adults have a history of cavities. It's also reported that 21 per cent of adults (with teeth) have, or have had, a moderate or a severe gum problem.

With that being said, if you own your own business and work for yourself money is probably tight, so an unexpected dental bill could financially drain you. A Health Spending Account (HSA) is an ideal option for self employed Albertans.

What is a Health Spending Account for Self Employed Albertans?

It's a tool that lets you pay for 100 per cent of your dental insurance through your small business; rather than you having to pay personally out-of-pocket for dental services. Thus, you and your business save money.

An HSA is a contract between you and your business. The HSA contract is based on guidelines set out by CRA. These guidelines allow your business to reimburse you personally for your dental expenses. These reimbursements are 100 per cent tax deductible for your business and 100 per cent tax free for you. Thus, you get to withdraw money from your business and not pay income tax.

Group Dental Insurance in Alberta for Small Businesses

If you have a small business with employees and want to offer them group dental insurance you can find an affordable plan. Group dental policies are available through a number of insurance companies offering varying types of coverage; so you have many options. You can also add additional medical benefits such as vision and prescriptions.

With the cost of going to the dentist being so high, your employees would appreciate a benefit plan that includes dental insurance in Alberta. If you're a small business you need to keep your good staff. Saving them money and showing them how important they are to you is a great way to do this, without breaking the bank.

There are different ways you can pay the premiums as well. Your business can pay the premiums or you can get your employees to pay a portion.

If you're looking for dental insurance in Alberta we will help. At Reassured For Life, we're very knowledgeable about HSA's and group medical insurance ( Reassured.ca/blog ), including dental. We have access to plans for businesses of any size, including ones with fewer than three employees. For more information about how to get this type of medical insurance or to discuss your other life insurance needs please visit our website

Five Tips for Buying the Best Life Insurance in Alberta

Choosing the best life insurance in Alberta requires some deep thinking and is stressful for some; especially if they don't like to consider leaving their loved ones behind. However, it's crucial to protect them in the event the worse happens. This is particularly important if you have a spouse and/or children.

When it comes to the best life insurance in Alberta there are various types of life insurance ( https://www.reassured.ca/best-life-insurance ) products to pick from such as term life, whole life, universal life, and universal variable life. Thus, choosing the appropriate amount of coverage that will be sufficient protection isn't the same for everyone. Below we'll look at tips to help you choose the best life insurance in Alberta.

5 Tips to Choose the Best Life Insurance in Alberta

Tip #1 The Best Life Insurance in Alberta: Analyze why you need life insurance – who in your life needs protection, and for how long. This includes your spouse, children, elderly parents or handicapped sibling. Take note of anyone who relies on you now, or will rely on you in the future. Also consider how long they’ll need your financial support and what their needs are, such as college for four years.

You could also think about whether you'd like to leave a legacy. For example, you could leave money to your favorite charity, or set up a college sponsorship in your name. How close you are to retirement is also important. Take into consideration how much your spouse would need to live when they retire if you passed away prematurely.

Tip #2 The Best Life Insurance in Alberta: Assess your needs to see how much life insurance you need to buy. There are different ways to calculate the face amount of your insurance policy. One way is to calculate your annual income and multiply it by six. Of course this isn't universal because it depends on numerous other factors.

Tip #3 The Best Life Insurance in Alberta: When you calculate how much life insurance you need don't forget to include other income. Such as RRSPs and other investments. Do you have life insurance through your employer? Most employee life insurance policies covers up to three times your annual salary.

Tip #4: The Best Life Insurance in Alberta: Research policies from various insurance companies. Although the premise of life insurance is the same, each life insurance carrier has different types of plans, thus there can be a big difference in price.

Tip #5: The Best Life Insurance in Alberta: Decide which type of insurance you need. Term life insurance pays out a certain amount for a set time. If you only need life insurance to cover your mortgage, this might be all you need. A variable life plan accumulates money, so if you bought a universal life policy you could borrow cash once it's accumulated. This type of insurance is permanent and you have to pay for it longer than a set term.

For more information about where to find the best life insurance in Alberta ( https://www.reassured.ca/blog ), or to find out more about term life insurance versus permanent insurance, speak with an insurance broker.