Tuesday, 26 November 2013

Assumption Life Insurance Review

Assumption Life is an insurer that operates in the financial area. They are made up by a team of qualified representatives and partners that enable the company to provide a comprehensive list of products to secure the lives of their customers.

All of the products offered by Assumption Life revolve around the area of life cover. There is quite a fair number of products to choose from, ranging from term to permanent cover.

It is fascinating to see that term insurance comes in three covers. They are known as FlexOptions, FlexTerm and Youth Plus.

The things I loved about the FlexOptions cover is that it gives you the chance to take care of your family needs. Most importantly, the protection can be tailored to give you that extra peace of mind. In most cases, you do not need to proof for you to be accepted, and a term can go up to 25 years, which is a lot.

FlexTerm, the next cover, is perfect for those between the ages of 18 and 65. The years of a period can be chosen to be 15, 20 or 25 years, with the guarantee of premiums. I thought it was very helpful to see that there are no medical exams needed in order to take out a plan if the coverage is up to $250,000. However if you decide to do a test, you can be covered up to $4,000,000 which I think is worth it.

Lastly, the third product is known as YouthPlus. It is for children from 15 days old all the way up to 17 years old.

Within the permanent insurance line, two covers are listed under it.

The first plan is known as Golden Protection and Golden Protection Plus. It does not require any medical exam and the coverage can go up to $50,000, which is a very reasonable amount. It is made for any individuals between the age of 40 and 85 years old.

The second plan is known as Total Protection, and just as the name implies, offer you a comprehensive cover that will be able to give you a peace of mind. It is for individuals from 18 to 80 years old, with protection ranging from $5,000 up to $30,000, which is a bit less than the plan above. Living benefits can be included for free, which is something good to know.

For more information about Assumption Life, feel free to check out their website.

Assumption Life Insurance has been rated 4.5 out of 5 by Insurance Reviews.

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