Life Insurance - Harpreet Puri

Are you looking to buy a Life Insurance plan in Brampton? We are happy to help! To formerly protect your loved and dependent ones from a financial constraint, resulting by your premature or unanticipated death, we recommend you to take-up a well suited Life Insurance Plan in Brampton from Harpreet Puri. To describe it in simple words, Life Insurance is an arrangement that our Brampton clients make to support his family even after his demise.

It yields a tax-free reserve to assist your dependents and also ensures to protect your property, as property inheritance is subject to a lump-sum tax bearing. The right Insurance Adviser is required to guide you through the legal formalities and most importantly selecting the right Life Insurance Plan for our Brampton customers.

Points to be Considered While Selecting a Life Insurance Plan in Brampton

A. Directing the right life insurance coverage for your family in Brampton
The standard guideline for estimating a proper coverage is by increasing your annual salary by ten times. But it might be too less for some or too much for others. So to help you in finding the right policy with the right ingredients, you have to assign an expert Insurance Adviser for life insurance in Brampton.

B. Medical Examination
There is a long and varying procedure for every person depending on their health and age. Having a good record surely helps, but there is more. One has to take a considerable amount of tests and examinations to prove their eligibility. The right insurance adviser, available in Etobicoke, is all it takes to slide you through all the legalities like a jig.

C. Avoiding an Inflated Premium
Availing annual payment system, Auditing your Credit report, choosing an experienced Insurance Adviser and maintaining good health are few of the obvious ways to reduce your premium, but we, at Harpreet Puri in Etobicoke, look forward to guiding you with many such parameters and cruxes.

Versatility of Life Insurance

Term Life Insurance

Term life insurance provides insurance for a set time frame which is available for 1, 5, 10, 15, or 20 years. It carries the same amount of coverage options except it is created only to cover for a specific period. Individuals choose this type of term insurance to protect themselves during times of heavy financial obligations. For instance, a person may opt to purchase term life insurance for 25 years to cover their mortgage term while they also have children attending university and institutions.

Permanent Life Insurance

Permanent Life insurance neither needs to be renewed, nor does it expire. It serves its purpose inconsiderate about when the Insured dies. It’s a coverage for life. Permanent Life Insurance is of two types, Universal Life Insurance and Whole Life Insurance that an insured can avail according to his needs.

Universal Life Insurance

Also known as Interest Rate Sensitive Account, a Universal Life Insurance is a combination of insurance as well as investment. It offers a choice of yearly renewable term (YRT) costs or level cost of insurance (LCOI).You can choose an amount equal to the face value of the policy and the cash accumulated under the investment.

Whole Life Insurance

Unlike Universal Life Insurance or Whole Life Insurance plans are sketched in a way to maintain the premiums constant which are paid throughout the lifetime of the insured. Thus the insured is not prone to any market fluctuations.

So what are you waiting for? Contact us and get the best offers and discounts on our life insurance plans in Etobicoke now!

FAQ's