Our database shows 29 different life insurance companies in Canada, each of whom has many different types of policies and classifications. If you were to invite each company into your office to quote on your insurance needs, you would quickly go insane. Even worse, such a horrible experience would definitely distract you from doing what you are good at. Very few people want to go through the hassle. This probably explains why many people buy their coverage from the first person that calls them or over the counter or through a family friend or acquaintance with precious little attention paid to plan design or to competitive price.
Solution: Work closely with your advisor, within the context of your written financial and estate plan, to design a plan and have your advisor electronically survey the insurance industry in Canada to determine the most cost-effective solution. This can save clients thousands of dollars in premiums – dollars that, if invested, could significantly improve retirement lifestyle.
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