Life insurance protects your family’s financial future by providing a tax-free benefit upon your death. Life insurance ensures that your spouse, partner, children, or loved ones have the ability to cover expenses, pay off loans, and achieve post-secondary education.

There are many types of life insurance, including:

• Term life insurance
• Permanent life insurance
• Universal life insurance

Deciding what type of life insurance is best for you, and how much life insurance you require, depends on your current situation and your projected needs for the future. Armour Insurance Brokers performs a needs analysis to determine the best type of life insurance for your situation and lifestyle.

How is my life insurance premium determined? 

Life insurance often requires a paramedical examination to ensure your current health – insurers use the results of this exam to estimate the amount of risk involved in your insurance coverage, so it is very important to be prepared properly for the examination.

Other facts may also influence your life insurance premiums, including:

• Existing medical conditions
• Family Medical History
• Age
• Gender
• Lifestyle
• Tobacco use
• Travel History
• Profession