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Simplifying the Term Life Experience

Updated: Dec 5, 2021

In a complex world, obtaining life insurance to provide for those we care about most should not be complicated. In this post, we’ve outlined how we simplify the process and ensure that our clients are getting the most value and flexibility.

Have you ever gone skydiving? Were you given a choice between two parachutes for your flight? Given an option between a parachute that failed to deploy one time versus a parachute that has never failed to deploy would be an easy decision for most people who plan to skydive twice.

Too often when we are discussing term life insurance with clients, price outweighs value. While term insurance is designed for short term needs, it's important to realize that needs change overtime.

When we are working with clients to secure the best coverage possible, we're looking at factors like price, but also things like expiry date, conversion options, and how easy it is to maintain your policy once it's been placed with the carrier.

We often meet with couples who have been putting off the decision to apply for life insurance for many years.

Of course, we ask ourselves why this is happening. In our complex world, it's easy to put aside decisions that don't seem to have an immediate consequence. Moreover, the myriad of options out there makes it seem overly complex.

We're here to help! Fortunately, the insurance industry has also evolved to simplify the process for you so that you can get the coverage you need.

Needs analysis: No one must figure out on their own how much coverage their loved ones would need in the event of their untimely passing. We have a needs analysis tools that consider debt, savings, other coverage, and your goals. Our software provides a coverage amount and then we get to work finding the best value and a policy that fits your budget.

Assessing coverage options: we've invested in software to help visualize coverage over long periods of time and how to provide low-cost coverage for as long as possible. By looking at the premiums overtime as a cumulative amount, clients can see how best to maintain coverage for the intended time period.

Electronic applications: Gone are the days of meeting with an advisor to complete a 100-page application form. Many insurers have switched to electronic applications and signatures to make the process a lot easier. This means that we can connect with clients online for approx. 20 minutes to complete an application together. Through this process, applications are being approved much faster than ever before.

Paperless placing documents: we are no longer licking stamps and sending you hardcopy forms to send back to us! Most carriers accept electronic signature validation services, and it has made things a lot simpler.

We’d love to hear from you! Please let us know if you or someone you know would like to ensure that those whom they care about most would be looked after.


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