 We’ve been hearing a lot of concerns from our clients about obtaining insurance during this time of uncertainty in our society due to COVID-19. Many clients think that applying for insurance is something that requires to be done in-person, which isn’t the case with any of the carriers used here at Broker Plus Insurance! We can take applications over the phone, and paperwork can be signed and scanned or faxed back to us for processing.
How Do We Make This Work?
Yes, it really is that easy to apply for insurance while respecting social distancing. We have access to a wide range of products to ensure that your entire family is covered! To request a quote on the products we offer, click here. Or call: 1-877-242-8820 and press 3 to speak with an insurance coordinator.
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 We are starting the year off right with new lower rates for personal life insurance policies! We know it’s not in every client’s budget to include mortgage protection, and that’s a shame. These reduced rates will make it more affordable for you and your family to obtain coverage or even partial coverage. Coupled with the fact that personal life insurance is a cheaper alternative to traditional mortgage insurance, we’ve got the best options for your insurance needs! These life policies are also entirely customizable, allowing you to control more aspects of your insurance policy.
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A lot of clients, like mortgage brokers, can get frustrated and confused by the insurance options and advice that they may be getting from friends, family, and, of course – the lenders. The best thing you can do is to contact our company for a free no-obligation quote, to ensure that your insurance needs are being met with the best products and rates possible. Start off 2020 with less stress, by utilizing Broker Plus Insurance, we’ve got your insurance needs covered! To request a quote on the products we offer, click here. Or call: 1-877-242-8820 and press 3 to speak with an insurance coordinator.  It’s the most wonderful time of the year unless you have the mindsets of Ebenezer Scrooge or The Grinch before they had their Christmas epiphanies. However, for many of us, Christmas is a time where we get together with family and friends, celebrate the season, and to spread comfort and joy. While you’re enjoying a glass of eggnog, there are some things that are important to conspire by the fire; and these important things are insurance.
This year, we’re asking our clients to think outside the present box and educate themselves on just how important insurance is compared to that new plasma TV set they’ve wanted. Why is Insurance The Greatest Gift You Can Give?
Don’t let your insurance needs fall off Santa’s sleigh, contact us today for more information on how we can ensure you have a holly, jolly Christmas by ensuring their insurance needs are fully met. To request a quote on the products we offer, click here. Or call: 1-877-242-8820 and press 3 to speak with an insurance coordinator.  Insurance can be equated to a horror movie to many of us, as we never know what’s lurking around the corner in the haunted house of life. While we hope to get out safely, we don’t know if Jason, Freddy or Pennywise is around the corner; waiting to catch us off guard. Unfortunately, what happens to many people, is they run through this haunted house frantically trying to evade the monsters who want to harm us. These monsters are cancer, death of a loved one, disability, and the worst, in my opinion – a critically ill child.
While running through the haunted house of life, frantically does work for some people, it’s not a practical solution to fighting off these monsters. No, you don’t need a knife, hatchet or chainsaw; what you need is insurance. Now imagine you’re trapped in this haunted house with another person named Georgie. Georgie confidently claims, “I have insurance through work, I’m covered three times my salary if I pass away; these monsters can’t hurt me!” Wrong Georgie, let’s break this down to make it a little easier to see why Pennywise grins from ear to ear when he hears someone say this. Georgie makes $50,000 a year if he passes away his spouse gets $150,000. While this amount is enough to cover three years without him; what about the other years he would have been alive? Does Georgie have children? If so, he will need much more than three years of coverage to ensure his family’s needs are taken care of. If Georgie was to take a Term 20 policy for $500,000; he would be able to have 10 years of his salary paid upon the time of his death, add the three years he gets paid from work – that’s 13 years of his lost salary wages his spouse will have to ensure his family can safely navigate through the haunted house of life without Georgie. Don’t fall into the pitfalls of work coverage as the magic potion for your needs; contact us today for more information. To request a quote on the products we offer, click here. Or call: 1-877-242-8820 and press 3 to speak with an insurance coordinator.  It’s summer break, and school is officially out for the kids! If you’re a parent like me, you’re probably already counting down the days until your child goes back to school. While the dirty floors, dishes in the sink and laundry can wait; there is one thing that you should not wait on. What do I speak of, you may be asking? I am talking about something no parent wants to talk about, but that every parent needs, an insurance policy for your child. Why would a child need an insurance policy?
The thought of having a sick child, or losing a child, is something that no parent should ever have to go through. However, you can take an insurance policy on your children, so if the worst should happen, there is coverage in place to aid your family.  The benefits of placing your child with an insurance policy are:
Ensure your children are protected by contacting our company for a free, no-obligation quote! To request a quote on the products we offer, click here. Alternatively, call: 1-877-242-8820 and press 3 to speak with an insurance coordinator.  I read an article recently, which has prompted me to write this post and with June being Pride month; this article could not come at a better time. According to the report, which is cited at the bottom of this blog, Iowa State University's Ivy College of Business found approval rates for same-sex couples were between 3% and 8% lower than for heterosexual couples. I realize this study is based out of the United States, and I like to think that as Canadians, we are little further ahead with acceptance compared to our southern neighbors. However, we have had clients from the LGBTQ+ community who have told us they have been afraid of applying for insurance for fear that they will be turned down for who they are or who they love. Let me make one thing perfectly clear before I go any further. Regardless of who you identify as or who you choose to love, there is something that you cannot forgo; and that is insurance. Rest assured that at Broker Plus Insurance, we do not impose a rating, nor discriminate clients based on their sexual orientation or gender identity. In fact, sexual orientation is not even asked on any of our applications because that’s your business, not ours! We offer several different products for clients from all walks of life to ensure that their needs are covered with the best product possible. We have Term options of 10, 20 and 30-years; three No Medical products for clients with previous health conditions and specialty products such as Critical Illness and a Job Loss Rider to our Mortgage Disability insurance. We even have child riders for Critical Illness and Child Protection that can be added to our Term life insurance, which covers biological children AND adopted children.  Regardless of who you love or who you are, we should all share the same love for insurance. Contact our office today to find out how you can protect yourself and your family.
To request a quote on the products we offer, click here. Alternatively, call: 1-877-242-8820 and press 3 to speak with an insurance coordinator. **Source https://www.mortgagebrokernews.ca/market-update/do-mortgage-lenders-discriminate-against-samesex-couples-256558.aspx?utm_source=Pinpointe&utm_medium=20190418&utm_campaign=MBN-Morning&utm_content=CD515713-56DD-42B4-A34A-AC106012B56D&tu=CD515713-56DD-42B4-A34A-AC106012B56D  We’ve heard almost every excuse in the book from our clients regarding why they think insurance is not an urgent matter. While aspects such as budget, sudden vehicle work, or a rainy day can lead one to tighten the grip on their wallets; there is never a “good” excuse not to have insurance. The alarming fact is that if you are living with a tight budget, you are actually in need of insurance the most. Consider what would happen if you were suddenly disabled and unable to work for eight months, or worse, you or your spouse pass away unexpectedly. Do you have one year’s living expenses tucked away to see you through months of reduced income or the loss of an entire income?
1. I have life and disability coverage through work. This is a common rebuttal we hear almost every week and while health and extended benefits through work are a fantastic thing to have; they are usually not enough to cover you if something were to happen. As an example, my husband makes $60,000 per year, and his work coverage pays three times his yearly salary if he dies; which equates to $180,000. While this may seem like a decent amount; when you factor in costs such as childcare, mortgage payment, living expenses, vehicle insurance and maintenance, food, clothing, and other necessities; it’s easy to see that this amount will not be sufficient to sustain my family’s long-term needs. The other major concern is what happens to his coverage if he loses his job? It is always smart to have a personal policy that belongs to YOU and not your employer. 2. I have a history of health conditions; no company will cover me! Broker Plus Insurance is proud to offer three No Medical products in Life, Disability and Critical Illness for those who may have a history of past health conditions or who do not want a medical exam as an underwriting requirement. The benefit of these products is that they provide three different insurance options for those who may be turned down or have been turned down in the past. The best thing about this product is that there are three different rating structures for clients interested in this product; thus almost every client can be covered under this policy. If, for whatever reason, your client cannot be covered under this type of policy; even having an accidental death only policy is better than no coverage at all! 3. We’re living paycheque to paycheque; we don’t have enough money for an insurance premium. This is by far the most common rebuttals we hear from clients, and we understand that with a new mortgage, utility bills and a family to feed; there isn’t much money left for anything else at the end of a paycheque. However, there are several “necessities” that we spend money on which can be cut back or put towards insurance. A typical example is those who stop off to get coffee every morning. Let’s assume it’s just a coffee and the going rate for that is $2.50 – what if I told you that insurance policies could cost as little as $1 to $2 per day? It’s true, and something that could easily be cut back to have coverage in place. Another option is to do partial coverage so that there is at least some coverage in place, should something happen. Contact us today for more information about how we can take care of your families insurance needs. To request a quote on the products we offer, click here. Alternatively, call: 1-877-242-8820 and press 3 to speak with an insurance coordinator.  We get asked this a lot by clients when going over the different coverage options they can take. In the scheme of ranking insurance products by importance, we tell clients that’s a personal decision but one that they should look at closely. While being optimistic about one’s future health is by no means a bad thing, it is essential to be realistic and here are some cold, hard facts about just how widespread critical illnesses are today.
Unlike disability coverage, folks often associate critical illnesses will older generations. That’s just simply not the case. More and more homeowners between the ages of 40 and 60 are suffering a critical illness. Unfortunately, the recovery from one of them can have more impact than recovering from a short-term disability. We have access to several critical illness products that cover up to 25 different illnesses from a $50,000 payout to a million. The lump sum benefit from these policies can be used for anything the insured chooses to use it for from income replacement and rehabilitation to a celebratory vacation once recovered. What your clients want to spend this money on is entirely up to you. Broker Plus Insurance is proud to offer a wide range of critical illness products to ensure your needs are met. These products include: Standalone Critical Illness insurance (both 10-year renewable and level to age 75) Critical Illness Rider for our Term insurance Critical Illness Rider for children Standalone Critical Illness for children No Medical Critical Illness for those who may be hard to insure. Don’t let this critical product slip through your grasps contact us today for more information! To request a quote on the products we offer, click here. Alternatively, call: 1-877-242-8820 and press 3 to speak with an insurance coordinator. *Statistics are from the Heart and Stroke Foundation of Canada.  Image from Getty Images With Halloween happening at the end of this month, there is no doubt that many of you may be partaking in the festivities by watching horror movies, eating copious amounts of candy and taking your children out trick or treating. With all the ghost, goblins and witches that will be on our streets over the next few weeks, I felt compelled to write a post about something potentially horrifying – not having insurance. According to a study conducted by the investment firm Edward Jones, less than one-third of Canadians have insurance coverage for serious life events. The study goes on to say that 23% of Canadians answered that they are not financially prepared if they pass away too soon and only16% said that they had purchased life insurance that would cover their remaining mortgage payments should they ever pass away.*
With this information, the sheer thought of not having any insurance in place is enough to frighten Jason Voorhees himself. Luckily, there is a solution, and that solution is simple – buy insurance. Now here’s the tricky part, not everyone likes the concept of insurance. At Broker Plus, we try to keep insurance simple, affordable and stress-free by educating you about the benefits of the products while forgoing the jargon that can leave clients scratching their heads. However, we’ve noticed a trend with clients who still feel overwhelmed when they get insurance quotes because, let’s face it, thinking about one’s mortality or morbidity is usually not a happy topic to discuss. Here are some ways you can navigate through the fog when it comes to insurance: 1. A Quiet Place – find a quiet place that brings some peace to you. Take 5-10 deep breaths before you begin reviewing your options, this will help you think more clearly as opposed to being “stressed” about the thought of your morbidity and mortality. It may be best to get out of the house and find a nice, quiet place (assuming your home has a screaming 20-month-old as mine does) to be able to become fully focused on what your true needs are. 2. The Others – often children get forgotten about when homeowners take out insurance policies when ideally it is the best time to add a child rider to a policy for products such as Term Life. The riders are usually affordable, $10 per month for $20,000 amount of coverage, which is cheaper than two specialty coffees at Starbucks. 3. Let The Right One In – if you’re getting multiple quotes from different companies it can sometimes be hard to make clear decisions without feeling overwhelmed. Broker Plus Insurance has been working with Canadians for over 20 years with our focus on helping mortgage clients be more aware of the different options that are available to you. We also can do partial coverage for folks who are worried about the premium amount or who have additional coverage already in place. 4. As Above, So Below – what if I told you that for those 3 points above Broker Plus Insurance could do all of those things for you? No, it’s not a trick, at Broker Plus Insurance we put your needs first and have a full-service center open five days a week to assist you with any questions you may have. We can even do evening and weekend calls! We do the shopping around for you, so you can rest assured that we have your best interest in mind and try our best to provide you with the cheapest premium while not sacrificing the quality of the coverage offered. With a full-service center that genuinely cares about its clients and puts their needs first, does insurance seem that scary? Contact Broker Plus Insurance today for a no-obligation quote to ensure that you and your families insurance needs are being met! To request a quote on the products we offer, click here. Or call: 1-877-242-8820 and press 3 to speak with an insurance coordinator. *Sources cited from https://www.insurancebusinessmag.com/ca/news/breaking-news/most-canadians-are-underinsured-study-62245.aspx  Insurance, for many of us, is not something we get overly excited for unless, like us, you happen to be in the insurance industry. It creates worry, doubt and in some cases, causes people to shut down and not look at all their options. Chances are you may even have insurance in place already, whether it’s through group benefits from your place of employment or perhaps life and disability insurance on your credit cards once you have this insurance in place you don’t think about it unless you need to submit a claim, or a significant life change happens. The same mentality can be said for mortgage, life, disability, and critical illness insurance, however, more often than not, we’ve seen clients get overwhelmed, confused or even outright reject the thought of putting another product in place because they already have enough coverage (or so they think).
The benefit of utilizing Broker Plus Insurance to ensure your family’s insurance needs are being met is that we put your needs first and will walk you through the coverage options we feel are best suited for you. Our objective is not to oversell you on something you don’t need. Instead, we make recommendations and help you see how it can fit in your budget. We translate the jargon that a lot of clients have issues understanding and make insurance simple, proactive, and affordable. We have products for the whole family, even children as young as 15 days old can be insured on our child policies and riders to our Term Insurance! Some products your family may need include:
What makes us different? We have been in business for over 19 years providing this service to mortgage brokers and their clients. Our insurance coordinators are not paid on commission, so you need not worry about feeling pushed into getting a product. Moreover, we have a wide range of coverage options and the ability to scale coverage to fit any budget while still ensuring that all your bases are covered. We could all use a little less stress in our lives, give us a call today to find out more information or to request a quote! To request a quote on the products we offer, click here. Or call: 1-877-242-8820 and press 3 to speak with an insurance coordinator. |
Author
All blog posts are written from Cassie Meadows, a Broker Account Manager at Broker Plus Insurance. 
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