Why such savings on Life insurance?

This has been quite a phenomenon in the last 20 years, where pretty much everything is going up in price, the price of term life insurance has gradually been coming down. That is good news of course, but only if you are taking advantage of it.

You see, if you have a term policy that you have taken out several years ago, you bought that at the time where term insurance rates were higher than today. The longer it has been since you have bought your term policy, the more the prices would have come down.

The problem is that the insurance companies are keeping their mouth shot, but who can blame them, you would do the same, wouldn’t you? If you had a whole bunch of customers, and they were willing to pay 25-5o% for your product than they had to, of course you wouldn’t say anything!

Unless your life insurance agent or broker tells you, you would really have no way of knowing. So I am here to tell you that the prices are cheaper now than ever on term life insurance, especially on 10 year term and 20 year term and it may be worthwhile to have a look and review your policies, and do something about taking advantage of the savings.

You need to keep in mind that even a few dollars of savings per month is very significant. Not just because you could save as an example $5 per month, but because of that $5 per month could buy an additional $50,000 worth of life insurance.

In a world where most Canadians are under-insured, this is significant. These days there is no reason that a family should be under-insured. Just talk to one of our brokers and we will show you how you can get all the insurance you need for the lowest premium possible, and free up your budget for other important things.

Also, feel free to use our premium calculator above and compare for yourself.