Balwinder Rana

On occasion of the Thanksgiving Day, We wish you a very relaxing, fun filled and prosperous long weekend Financial#advisor#investments#protection#coveragefolovedones#business

Four fee months..means no payments for 3 months In BC ! From Sept. 1 and Dec. 1 (inclusive).

Is life insurance right for you? Life Insurance Awareness Month provides a reminder and opportunity to review your life insurance needs and beneficiaries. Find out more information regarding life insurance plans that help you meet these needs and financially protect your loved ones. For more info: (604)338-6989

KEY TAKEAWAYS Your age is the primary factor influencing your life insurance premium rate, whether you're seeking a term or permanent policy. Typically, the premium amount increases average about 8% to 10% for every year of age; it can be as low as 5% annually if your 40s, and as high as 12% annually if you’re over age 50. With term life insurance, your premium is established when you buy a policy and remains the same every year. With whole life insurance, the premium rises every year. Age also affects whether a person will qualify for life insurance coverage at all, with qualifying medical exams getting increasingly stringent.