How a Good Insurance Advisor Can Save You Lots of Money
The job of the insurance advisor is to help individuals and companies make smart decisions regarding their insurance protection. For some this will seem like an unnecessary service but anyone who has ever chosen the wrong insurance and paid dearly for it will understand the value of having a reputable insurance advisor in your corner.
How an Insurance Advisor in Toronto Can Save You Money
The best reason to enlist the aid of a Lifecycle Wealth insurance advisor in Toronto is to help you uncover hidden and unnecessary costs and to provide options you might not otherwise be aware of. They can do this by…
- Helping You Define Your Priorities - When choosing health insurance many people zero in on the deductible as though it were the only variable that mattered. But when you choose a low-deductible policy you are actually choosing a high-cost policy. It might be smarter to focus on things like co-payments and whether or not you’ll be able to see your preferred healthcare provider. You could actually wind up paying less and getting more.
- Clarifying the True Cost of Things - Deductibles vs. premiums is a topic that gets heads spinning every time. Which policy with which deductible is actually the better deal? Many people will pay more upfront to get a lower deductible but is that really wise? Especially if the deductible is only slightly lower than the annual premium? Probably not. A higher deductible policy may actually save you money both upfront and in the long run.
- Helping You Avoid Unnecessary Coverage - Some people insure everything they own in one way or another. But is it always necessary to cover things like TVs and phones? Your insurance advisor may suggest you forego insurance on things you could easily afford to replace. If you took some of the money you saved by not insuring your bicycle and instead increased your life insurance you and your family would likely be better off both today and in the future.
A reputable insurance advisor in Toronto like those at Lifecycle Wealth is there to help you maximize your coverage in the most cost-effective way. By examining your current coverage, excising wasteful or ineffective elements and redirecting newly liberated capital to more useful purposes you may be able to save significant money in the short term, and actually improve your coverage in the long term. Call Lifecycle Wealth toll free on 1-800-300-3056 to find out more about the many virtues of our insurance advisor Toronto service.