Groupe financier Unibec

02/26/2020

Settling on life insurance, how to choose, how to save and what to avoid.
Purchasing life insurance is an important financial decision and the premiums paid over add up.
Choosing to shop for your life insurance over the Internet provides you with a continuous stream of unprecedented information and opinions which are somewhat conflicting.

This flow of information, insurers, product choices, and practical advice often leads to information overload and confusion.
Life insurance policies differ and so do prices.
Important factors that determine life insurance rates
• Your health
• Age
• Whether you smoke
• Amount of insurance coverage
• Duration of coverage, either a predetermined term or lifetime coverage.
There are basically 2 types of life insurance products, term, and whole life policies.
There are 3 ways to qualify for life insurance and prices are determined by risk factors. Choosing the best-fit life insurance policy, company and qualifying method will save you money.
Term insurance premiums are renewable at the end of the term of the policy’s anniversary date. The most popular term options are a 10-year term, a 20-year term, or a 30-year term. They provide short to long-term value, the best option during your working years.
Permanent insurance premiums and coverage are guaranteed for life, the premiums payable can be either lifetime or limited to a fixed number of years.
An example can be limited to a 20-year payment period and free of payments thereafter.
Permanent insurance provides the best long-term value as it provides lifetime coverage at fixed rates. The best option for people aged 50 plus.
Term insurance provides cheap life insurance coverage, but they do come with some risk. Choosing shorter-term insurance options are cost-effective in the short-term but are the costliest in the long run.
Let’s say you were to extend the coverage at the end of the predetermined term, you’ll face higher costs as your age increases and your health changes.
So, don’t underestimate how long you’ll need the term coverage.
WHEN CONSIDERING TERM LIFE INSURANCE THINK LONG TERM.
People carry mortgages longer and tend to have higher debt ratios than previous generations.
Tendencies suggest that Canadians will need term life insurance throughout their prime working years (until retirement).
Thinking long-term can save you money and assure you peace of mind.

Which of the 3 qualifying methods best reflects your medical profile?
• no medical exam life insurance products
• guaranteed issue life insurance options
• standard issue (may require medical exams)
No medical exam life insurance and guaranteed issue life insurance policies provide insurance alternatives to persons whose medical profile or lifestyle makes it otherwise difficult to get life insurance.
• Simplified issue, to qualify you’ll need to answer ”no” to a series of medical questions, no medical reports, no medical exams are required.
Prices vary according to the insurer’s medical questions.
An excellent option for people with minor medical conditions which are controlled with medication. Competitive market.

• Guaranteed issue, no medical questions asked, ideal candidates, are people with important and recent pre-existing medical conditions

06/07/2018

IS MORTGAGE INSURANCE NECESSARY?

Often people confuse mortgage default insurance with mortgage life and disability insurance, so let’s define both.
In Canada, mortgage insurance is required federally on high-ratio loans – that is, mortgages with a down payment of 20% or less. The insurance protects the lender in case of borrower default, providing lenders the flexibility to offer borrowers giving less cash, similar low interest rates they would to homebuyers who give more cash down.

In short it’s a must if you’re giving less than 20% down payment on your loan.

Mortgage life, disability and critical illness insurance are offered at signing by the lending institution to protect the homeowner, should he or she die prematurely, become disabled due to an illness or sickness or be stricken with a life threatening critical illness.

Is mortgage life insurance necessary?

For the majority of Canadians, a mortgage is the largest debt that they will carry during their lifetime. The duration of the loan period is more often, 20 years or more.

So yes, mortgage protection is often necessary and should be an integral part of a sound financial plan. That said what and how much is needed all depends on the borrowers current financial situation.

For example George and Bill both have a mortgage in the amount of 200 K but George’s financial situation is different than Bill’s. The mortgage insurance coverage should reflect their particular financial needs.

Is the lending institution your best option?

If you’re a healthy, non smoker, more often term life insurance products offer up to a 50% savings. Generally term individual products offer more flexibility, better benefits and are less restrictive.

My advice, get informed, compare and see which option works best for you. Why pay more?

If you like this article, give it a thumbs-up.
Antoine, Tony Iannacci
Financial Security Adviser

06/07/2018

05/30/2018

Life insurance for people aged 50 plus, how to choose

As we age we become more aware of our mortality. Coping with the difficulty associated with a death of a loved one is difficult enough without having to worry about funeral expenses.

Life insurance offers financial relief during a family's most difficult time of loss.

Considering life insurance is a practical and affordable solution for most Canadians- but making the right decision isn't so easy.

Basically there are 2 types of coverage, term and permanent insurance.

For final expense insurance everyone should consider permanent insurance. The premium and coverage amounts are fixed for life.

Once you've chosen your insurance product, you'll need to determine on the best method to qualify for the coverage.

There are 3 methods to qualify for life insurance:

1- guaranteed issue (no medical questions asked)

2- simplified issue (you'll need to answer "no" to a series of 10 to 20 medical questions. No medical exams nor doctor's report required)

3- traditional issue (requires underwriting, may require medical exams and doctor's report.)

How to choose?

Let's illustrate using an example of a male, non-smoker, aged 60.
The cost of insurance will depend on his medical profile.

Rule of thumb, a healthy 60 year old will pay a lower premium that a 60 year old who has pre-existing medical conditions.

Comparatively, a guaranteed issue product is more costly than a traditional issue product (one needs to qualify).

It makes sense, insurance prices are determined by risk factors such as gender, age, smoking status and medical profile.

Once you've decided on the type of coverage, the sum insured and the qualifying method, you'll need to shop the best rates.

With regards to permanent insurance, rates do vary, so make sure you've shopped the best rates.

Request free information and get quotes from a qualified local life insurance advisor like myself, who's firm deals with multiple carriers.

The advisor will assess your medical profile and present you with your best insurance options

Save time, money and get peace of mind.

Tony Iannacci, Financial Security Advisor, 20 years plus experience.
514 351 3692
450 719 6400

10/19/2016

Souscrire un contrat d’assurance-vie temporaire pourrait être la décision la plus importante que vous pourriez prendre pour protéger l’avenir de votre famille. Au coût initial le plus faible offert, vous pourriez faire bénéficier votre famille d’un montant d’assurance important dont elle a besoin et elle n’aura pas à craindre pour sa situation financière lors de votre décès.

Les contrats d’assurance vie temporaire les plus populaires sont; l’assurance vie temporaire 10 ans, l’assurance vie temporaire 20 ans et l’assurance vie temporaire 30 ans.

À qui convient une police d’assurance vie temporaire?

L’assurance vie temporaire est conçue pour répondre à vos besoins financiers actuels (besoin temporaire) et advenant votre décès le capital assuré versé peut être utilisé pour:

- rembourser un prêt hypothécaire
- créer un patrimoine pour vos héritiers (à remplacer le revenu manquant d’un conjoint décédé)
-régler les impôts payables sur votre succession
-régler les prêts et marges de crédit à l’entreprise
-financer les conventions de parts d’associés (rachetez les associés advenant leurs décès)

Les faits saillants d’une police d’assurance vie temporaire:

-les primes sont garanties et demeurent les mêmes pendant le terme prédéterminé soit de:ital fixe ou à capital décroissant
-choix de couverture individuelle, conjointe ou familiale
- les primes sont garanties et demeurent les mêmes pendant le terme prédéterminé soit de:1, 5, 10, 15, 20, 25, 30, 35 ans ou le Terme jusqu'à l,âge de 100 ans
-les primes pour chaque période de renouvellement sont garanties à l’établissement de la police
-une police d’assurance vie temporaire est transformable en assurance vie permanente sans preuve de bonne santé

Protégez-vous ainsi que vos proches en toute simplicité, découvrez les avantages d’une police d’assurance vie temporaire.

- le produit vous procure une couverture d’une durée de votre choix, moyennant un coût qui demeure le même pendant la période choisie. La police peut être renouvelée sans qu’il soit nécessaire de fournir une preuve d’assurabilité et les taux futurs sont garantis

Quelques points importants à considérer au sujet d’un contrat d’assurance vie temporaire
-Le coût de l’assurance vie temporaire augmente en fonction de l’âge atteint à la date de renouvellement et l’augmentation de la prime peut être importante au cours des années.
-Pour la plupart des polices d’assurance vie temporaires, la protection prend fin à l’âge de 75, 80 ou 85 ans, selon l’assureur.
-Par ailleurs, vous avez la possibilité de transformer votre police temporaire en permanente, à une date ultérieure sans avoir à fournir une preuve d’assurabilité.

Notez que ce droit de transformation dans la plupart des polices temporaires expire le plus souvent à l’âge de 65 ans et dans quelques cas à l’âge de 70 ans.

Conseil éclair!
Au moment de souscrire une assurance vie, il importe de choisir le bon terme initial et de comprendre les options de transformation offertes.

08/10/2016

Life insurance is not something you want to think about nor should it be taken lightly as 1 in 3 Canadians die before age 70.

Life insurance is one of the cheapest ways to protect your loved ones from the financial burdens associated with death.

Its time to consider life insurance but not all life insurance policies are the same, think product fit, quality and value.

Whether you're looking for the affordability of term insurance, the lifetime protection of permanent insurance or a combination of both, we'll provide you with the insurance company that best fits your insurance needs and budget.

No medical term and no medical permanent life insurance products are provided to people who do not wish to undergo a medical exam or to people whose medical profile prevent them from getting regular coverage.

Receive that personalized touch, professional advice, call our friendly team of life insurance advisors.

Get lower cost life insurance quotes from our panel of the top 20 best rated life insurance companies in Canada

Call now and get a free and unbiased quote based on your insurance needs and medical profile.

Call Now: 514 351 3692 or Toll Free: 1 877 617 7735,
Monday to Friday from 8AM to 8PM

Nous rendons l'assurance vie simple à comprendre. Depuis 2004, nous servons fièrement les Québécois.

08/10/2016

About us

Groupe Financier Unibec, is a life insurance agency representing the largest number of Canadian life insurance companies servicing the Quebec market.

Shopping life insurance via the Internet puts at your disposal a continuous flow of unprecedented information and opinions

Insurance providers competing for your business offer an array of insurance products, practical advice and various online premium comparison tools..

This complex configuration of excessive offers and varied opinions often leads to more confusion.

Now more than ever our role as Financial Security Advisors becomes all the more important.

EXPERTISE, GUIDANCE CREDIBILITY

Guidance; how much coverage is needed, which insurance product best fits your needs and medical profile, which insurance company is offering you the best deal?

Credibility; building trust with our clients by providing quality advice, proximity of our approach and ongoing service.

Expertise; our advisors have more than 15 years experience in the life insurance business.

Commitment; we will provide you with a best fit insurance plan at the lowest market rate.

Ongoing service; an agent is assigned to you and he’ll provide sound advice, quickly respond to your concerns and provide ongoing after sales service.

Independence; as independent insurance advisers our priority is our clients not the insurance company.

We do not work for an insurance company but rather work with numerous insurance providers giving us a free hand in presenting our clients with the best insurance proposals.

Email us or give us a call and let us help you get your life insurance sorted out.

Local: 514 351 3692
Toll-free: 1(877) 617 7735
Email: [email protected]