Insurance made easy
Getting the protection you need is faster and simpler than ever before.
When thinking about getting a financial plan in order, many people tend to focus on investments, bank account balances, or paying down debt. Insurance protection can sometimes get put on the back burner, often because of misconceptions: it’s not fun to think about, it seems difficult to get or it’s assumed to be unaffordable. Well, insurance is changing – and today’s solutions not only make getting the coverage you need faster and easier than ever before, they can also play a big part in helping you reach your financial goals.
Tailored for your needs
Insurance is an important part of a financial plan – even those who are young, don’t have children or are not the main breadwinner of a family should have some form of protection. That said, choosing the right type of insurance for your life stage and financial needs is key. For example, young professionals may want to consider critical illness or disability insurance to help manage expenses if an illness or disability prevents them from working, whereas middle-aged consumers might benefit most from a permanent life insurance policy. Your advisor can help you find the right protection for your life and wealth stage.
Applications are easier
It used to be that applying for insurance was a complicated process involving face-to-face meetings, lengthy applications and the need to provide blood and urine samples. Now applications are simpler. Many can be completed online without having to meet in person and can also be signed electronically. In most cases, medical exams and fluid samples are a thing of the past. Today, approvals are quick, and coverage can be in place as little as 48 hours after you apply.
It’s more affordable than you think
The truth is the right coverage can be designed to fit comfortably into your life and financial plan. Term life insurance, for example, is a cost-effective solution that can provide protection for a specific length of time. In addition, some new programs allow consumers to earn premium reductions and other rewards, based on making healthy lifestyle choices.
Making a decision that can safeguard your family’s lifestyle is a great feeling. Not only that, there are a range of innovative solutions that help keep you motivated to make healthy lifestyle choices. Programs that incorporate goal setting, activity tracking and rewards for everyday accomplishments can encourage positive habits that can lead to lasting health benefits. When you consider the advancements and choices available, it’s clear that getting the necessary protection may actually be one of the easiest parts of implementing a financial plan. Speak with your advisor to determine what type of insurance and how much coverage is best suited for your needs.