Life Insurance

What is life insurance?

Life insurance is an insurance that pays out a sum of money on the death of the insured person, or after a set period agreed upon in advance. Life insurance gives you the ability to protect the financial security of your loved ones in the event of your passing by providing them with an accumulated tax-free payment. There are a few different types of life insurance plans with different coverage to meet your specific needs. *The cost of your life insurance depends on the coverage you choose, age, gender, health, medical history and lifestyle. *To find out what insurance plan is best for you get in contact with us today.

What types of life insurance are available?

Term Life Insurance

Term life insurance covers you for a set period of time, referred to as the term. Terms are generally 10-20 years long. Once the term expires, you can continue to renew your coverage for additional terms until you’re 80 years old, at which point coverage expires. Term life insurance is more affordable than Whole or Universal life insurance at the beginning, but premiums tend to rise above the cost longer-term life insurance options as you age.

Whole Life Insurance

Also known as permanent life insurance plans, Whole life insurance plans are plans in which coverage remains constant until death. There are several different types of whole life insurance, which offer different payment options and additional perks suited to your needs. Whole Life insurance plans are ideal for people who think they will want to have life insurance in place for their entire lives.

Universal Life Insurance

Universal life insurance combines permanent life insurance coverage with a flexible portfolio of investment options, customized to your financial needs and aligned with your risk tolerance. Essentially, Universal life insurance is a sort of all-in-one plan that protects your financial stability and estate. In today’s world of complex tax laws, people want to know that they’re receiving the maximum protection possible for their estate – and universal life insurance can provide that.

I think life insurance is right for me. What are my next steps?

Good choice.

Royale British Columbia Financial Inc Insurance is one of the most reputable and fastest growing insurance companies in North America. I am here personally to ensure your financial wealth and stability. Contact me and book an appointment, so we can go over your individual needs and find the right life insurance solution for you.

Let's talk! I am here to help with your Insurance and Investment needs.

Faraidoun (Frank) Akhavan

Office 205 - 3994 Shelbourne Street
Victoria BC, V8N 3E2

Cell 250-953-2304

Office 250-953-2300

Fax 250-881-7497

Skype faraidoun9

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Testimonials

I first met Frank several years ago through an exercise client of mine, who would later become his wife. He then became a client, himself. A while later, I was advised that I had a UPS pension that was coming to term. I told Frank about it, and he suggested that I transfer it out, so that it didn't stagnate until I was eligible to draw upon it. That was over five years ago. Since then, the investment portfolio has averaged an eight-percent return every year. I receive a status report every six months, and am very happy with the return. Frank has done a great job looking out for my interests. He is very knowledgeable, and has answered my questions on multiple occasions. I highly recommend him and his company.

Regarding Lindsay Cooper, the reviewer who gave a one-star rating, I don't think their reaction/comments were fair or appropriate. Cold-calling is one form of generating business for some companies. If it didn't work, no one would be doing it. It's not like they have products on a shelf at Walmart. Believe it or not, some people actually appreciate it, because they may have been wanting to invest, but didn't know where to start. Additionally, financial planning must be a worthwhile endeavor, considering Frank's been in the industry for over two decades.

Also, it is up to the individual to confirm what their call display says, not just assume. It is not a scam to have a name that is similar to another company. You just have to actually read it.

- Marc Noel -