insurance industry, having an excellent record for being able to keep its promises to consumers.
Canadian Life Buyers
The Canadian Life and Health Association works to ensure the health of the Canadian Life industry through advocacy and lobbying activities and more. The association represents most of Canada's life and health companies, puts out industry publications, and it also runs a Consumer Assistance Center (CA), which provides information to regular folks who come to them with questions. The Canadian Life and Health Association also operate an OmbudService complaints line and has been in existence since 1894.
Canadian Life Buyers Are Well Protected
Policyholders of Canadian life companies are unlikely to have cause for concern about a company's ability to pay promised benefits. Life companies licensed to write life in Canada are required to be members of Assuris. In the unlikely event that your company becomes insolvent, your benefits are protected by this organization, an industry funded plan backed by the entire life industry in Canada. When benefits are covered, Assuris will ensure that you will continue to receive the covered benefits under substantially the same terms and conditions that you were originally promised.
How To Shop For Canadian Life Insurance
Canadian's seeking life are encouraged to comparison shop for the best life rates with a reputable life broker. This broker will "shop" the market for you as he has access to the database of all the life companies. For whatever reason you are buying, make sure you get a good reputable company because at the end, your beneficiaries will thank the day you bought them some life insurance.
Article Source: Articles Beyond Better
Ivon T. Hughes, The Hughes Trustco Group Ltd. Online Broker –Get a FREE Quote TODAY! Tel: (514) 842-9001 Email: info@trustco.ca Web:www.hughestrustco.com
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