Four Insurance Resolutions You Should Make This Year

With the new year upon us, many people (myself included) are thinking about New Year’s resolutions. Whether or not one sticks to their resolution is another matter, however, it is the thought of the resolution itself that I want to focus on. Insurance can be compared to a New Years resolutions in the sense that it’s something most people would agree they need to act on or stop putting off.  Whether it’s putting a policy in place that got put on the back burner when you took out your mortgage or simply reviewing your ever-changing insurance needs, it ranks up there with eating better, exercising more and working on that savings account.  To help, here are four insurance resolutions you should think about this year:
 
#1 – Ask difficult questions:
Statistics show that most people are more likely suffer a critical illness than die, yet this product can be often overlooked.  It’s import that you consider your own family health history to see if there is anything that could become a potential concern in the future.  Many critical illnesses have genetic links such heart issues, some types of cancers. MS and Alzheimer’s disease.  We offer two types of critical illness policies; one that will pay off your entire mortgage and a more affordable personal policy that pays out a lump sum of money to cover a few years salary.  A critical illness policy is the best way to ensure that you are covered from ailments that could catastrophically impact your life and financial security.

#2 – Analyze your work coverage:
If you have group benefits at work, there is a chance that you’ve already declined insurance or are thinking about declining insurance in favor of relying solely on work benefits. However, depending how much coverage your work offers more often than not, it is not enough. For example, you may benefit from an individual disability policy if your company does not cover a sufficient amount of coverage you would need while being off of work with a disability or even top up with additional life coverage. This approach still presents a risk in the event of a job loss, however, leaving you possibly without benefits and insurance when you need them most.  Remember, insurance goes up at you get older so you could find yourself without work coverage and left with a high priced policy you can’t afford.  Don’t leave yourself open.  Review what you have in place and plan for the future so you are covered for the long run!

#3 – Don’t give up:
Have you been turned down or rated for insurance due to your health in the past?  Or worried you won’t qualify for a new policy?  Perhaps you settled on an Accidental Death policy thinking there was nothing else affordable for you?  At Broker Plus Insurance, we want everyone to feel included, which is why we offer No Medical insurance that requires no medical underwriting and is guaranteed to ensure you have some protection in place should something happen to you. These policies are great because they cover pre-existing conditions after a certain exclusion period (either 12 – 24 months depending on carrier).  Now’s the time to look into this type of affordable option that will save you from going uninsured or under-insured and facing financial hardship should the unthinkable happen.
 
#4 – Think of the children:
If you have children you may already have bank accounts and RESP’s in place for your children’s future, but what about their health? Broker Plus Insurance is proud to offer Child Critical illness insurance as a rider to our Term Life insurance or as a standalone product. These products are affordable, costing as little as $5-$10 dollars per month with comprehensive coverage from ailments such as cancer, autism, cerebral palsy, muscular dystrophy and cystic fibrosis. Our standalone Critical Illness policy covers each child up to age 75; which will insure your child for most of their life.  There is also the option to add valuable life insurance to the policy, locking in their insurability through their adulthood.  Coverage continues up to age 75 or can be converted before your child’s 60th birthday to a permanent life policy.
 
Make sure all of you needs are met with our fantastic line of products so that 2018 will be a stress-free year to make new memories with the peace of mind that you and your family are protected.
 
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