The tax-free proceeds from a life insurance policy can be used to pay off: debts, final expenses, mortgages or to leave money to your loved ones. Protect your family with much needed cash when they need it most.
The amount of money for which you are insured and the type of insurance you buy depends on your needs.
People can get life insurance through work as some employers offer it through group benefit plans. This type usually ends when you leave the employer. Individuals can also buy it on their own, usually from an insurance advisor like Steve Steinman.
There are three types of Life Insurance:
Flexible, temporary, protection with options for your future.
Term life insurance provides temporary protection for temporary needs. It also has some flexibility, so you can adjust your insurance, as your needs change.
It provides several guarantees. You can choose between:
We find that term life insurance is a popular choice for:
Lifetime insurance protection – guaranteed!
Permanent life insurance is an excellent choice if you want lifelong coverage and equity in the form of a cash value over time.
Key advantages of permanent insurance over term insurance:
An all-in-one way to protect and build your money, Universal Life insurance is one solution that combines 2 important aspects of financial planning:
Depending on the product, a travel insurance policy can protect you if your baggage is lost, if you become sick or injured, are forced to cancel your trip, and even if your tour operator goes bankrupt, to name but a few scenarios Steve & Spencer Steinman have access to the best coverage to meet your travel needs.
Did you know that there are gaps in the coverage provided to Canadians through Provincial and Territorial Health Insurance Plans, that may leave you considerably out of pocket under certain conditions when travelling out of province but still within Canada?
Whether you’re travelling by plane, train or automobile, whether you’re travelling for pleasure or for business, – even if you’re just going over the border to the U.S. for a weekend shopping trip, or travelling out of Province for a few days – purchasing travel insurance is a smart idea.