While many adults in Saskatchewan invest in life insurance, these numbers plummet when we look at younger generations––many of whom are starting to have families and purchase homes. In addition, many Canadians report that choosing the right policy with the right premium is the most challenging part of choosing life insurance that fits their needs. In addition, many consumers don’t review their life insurance needs when their lives change, so they may be overspending or have inadequate coverage. This article will give an overview of life insurance and offer some helpful advice for ensuring your insurance needs are met at every stage of life.
How does life insurance at Saskatchewan Blue Cross work?
Life insurance protects your loved ones by reducing their financial burden if you pass away. Whether accidental or medical, planning for your passing is essential in caring for your loved ones; this is especially true for young families, business owners, and those nearing retirement.
At Saskatchewan Blue Cross, we work with you to choose a policy amount and beneficiary. Our policies allow you to pay a monthly or annual fee towards your life coverage amount—the coverage amount you leave behind is tax-free and can be used for anything your beneficiary may need, including mortgages, funeral expenses, and more. Our convenient coverage calculator can help you learn how much coverage you need.
We have worked hard to make life insurance easy, and you can now get a quote and buy your policy online over your lunch break through our easy online portal. Learn more about insurance, including how much is enough, using our Insurance Basics resources.
Every adult should consider life insurance–even if you’re in your 20s.
Getting life insurance is a keystone of your adult life. While getting a life insurance policy that meets your changing needs might not be top of mind, we recommend you start considering how the right life insurance policy can help make you feel more secure. The younger and healthier a person is, the more accessible and inexpensive life insurance policies become, as they do not require medical examinations to qualify. Being young is one of the best reasons to invest in yourself and provide peace of mind to your loved ones. Your policy doesn’t just cover death; it can also cover permanent disability and critical illness. Plus – if you apply before the age of 45, you can get up to $1,000,000 in coverage with no medical exam. Start your online quote today.
Are you building your family in Saskatchewan?
When you start to build your family, no matter your age, having a life insurance policy should be one of your key priorities. Several policies have components that protect your assets in the event of accidental death or critical illness; your mortgage, travel insurance, home and business insurance, and car insurance all contain add-ons. You can add additional life insurance to protect and support your family and guarantee their care and safety, regardless of life circumstances. Your life insurance plan is customizable to best suit your needs, and it can shift with your changing life––from marriage, divorce, childbirth, and academic degrees.
Are you prepared for retirement?
Planning is the best way to ensure you are prepared for your retirement. If you are moving into your 40s and 50s without life insurance, it might be time to consider this essential piece of your retirement plan. You can start a life insurance policy until the age of 75 with the help of a Blue Cross agent. Term life insurance can protect you during a fixed period with lower premiums, allowing you to support your loved ones with a budget that works for you. With smoker and non-smoker plans available, we can work with you to create a plan that provides peace of mind.
Protect what matters most!
At Blue Cross, we take pride in providing the necessary insurance for every stage of your life. Life insurance is a vital part of caring for your family in the case of critical illness or death. The process of applying is easy with the convenient and accessible online portal and quote service for around-the-clock access to your insurance needs.