anyone heard of Assurant Life of Canada?
Can anyone pitch it on rather they are legit? Googled and found nothing adverse to this company.
Apr 18th, 2018 10:33 am
Apr 18th, 2018 10:45 am
Apr 18th, 2018 11:03 am
i heard they have 'cheap' premiums for funeral insurance. So 'cheap' raises flags, that's why im here.
Apr 18th, 2018 12:26 pm
Apr 18th, 2018 1:13 pm
i think this is just for funeral expenses, not life/health insurance.SteveDfsin wrote: ↑Apr 18th, 2018 12:26 pmLooking through their website (http://www.assurantsolutions.com/canada ... index.html) they appear to be multi-lined insurance but only offer final expense insurance (no other life insurance). That to me is a red flag, I'd be cautious there. If you were doing final expense insurance plan there are a number of different companies you could choose from depending on your health that have "cheap" premiums but also solid plans. Normally I recommend people go for underwritten insurance for final expenses if they're healthy; for final expenses it's usually a medical questionnaire because the smaller payout amount. Sometimes, you may need a nurses visit depending on your age, for context, I just had a 71 year old male apply for $20,000 of whole life insurance, a nurse had to come in to check his blood pressure and ask questions, no blood or urine was needed.
Apr 18th, 2018 1:23 pm
Yup, I know. There are still certain requirements for final expense insurance in terms of underwriting or health questions. Otherwise, this company will get a bunch of stage 4 terminal cancer patients signing up for funeral expenses and they'd be on the hook for $15,000-$30,000 funeral expenses per person. Funeral insurance is basically life insurance with a different brand name.yesstyle wrote: ↑Apr 18th, 2018 1:13 pmi think this is just for funeral expenses, not life/health insurance.
edit: we are just looking at their funeral insurance: http://www.assurantsolutions.com/canada ... re-t3.html