Life Insurance

Be prepared for life’s changing seasons. A flexible Life Insurance Policy arranged through Shield Insurance guarantees that you’ll be sufficiently covered, protected and in a position to help your family maintain financial stability, and pay essential expenses; no matter what happens. Whether your goal is home ownership, accumulating funds for your retirement years or leaving financial resources in place for your loved ones, our policies can help to reduce all your burdens and worries.

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There are two main types of life insurance policies:

Term Life Policies: This is the most cost effective and simplest form of insurance, providing your family with the protection they need during the “term” of your policy. Coverage can be purchased for a specified period (e.g. 20 years), for which protection is needed. It is ideal for persons who have a temporary need for life insurance protection. A Term Life policy can also be converted to a permanent policy at the end of the policy period. There is usually no savings component attached.

Permanent or Whole Life Policies: For protection that needs to last indefinitely, this is the most appropriate form of coverage. This is an effective method of protecting your family’s assets with guaranteed death benefits, level premium payments and permanent coverage that will never be cancelled as long as the premium is paid. Whole Life is an essential estate planning tool, offering mortgage protection as well as funding for retirement and education.

Here are some variations of these core products:

Burial Society Plan

Final Expense

Annuities

Children’s Bonus Plan

Endowment

Universal Life

Top 5 Ways Life Insurance Can Help:

Paying for Final Costs

Life Insurance policy benefits can be used to help pay for final expenses after you pass away. This may include funeral or cremation costs. It can also be used to help with estate settlement costs and other unpaid obligations.

Settling Medical Bills

Life Insurance proceeds can help cover outstanding medical bills not covered by health insurance that may be left after you’ve passed, which can become the responsibility of your spouse or family.

Replacing Income

Life Insurance benefits can help replace your income and maintain your family’s financial stability if you pass away. Your beneficiaries can use the money to help cover essential expenses such as mortgage, school fees or college tuition for your children.

Paying off Debt

Life insurance can be used to secure your assets. The funds received by your beneficiary after your death can be used to help pay off your mortgage and any outstanding loans such as a property or car loan. It can also be used to pay off debt, such as credit cards to ensure these debts don’t become your family’s responsibility.

Inheritance

Some people purchase life insurance with the intention of leaving the death benefit as an inheritance to their loved ones. If you’d like to have a specific person (beneficiary) receive your benefits as an inheritance, this is also an option to ensure your life insurance benefits are passed along to the person you intend to receive it.

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Health Insurance

Your health is your wealth! Naturally, you want to take every precaution to ensure that your days are long and you are able to enjoy a decent quality of life well into your retirement years. Protecting your health with routine check-ups and having access to quality healthcare when needed is not a luxury but a sound investment in maintaining your optimum health. You can decide now to fully protect you and your family by safeguarding your health with a Health Insurance policy designed with your unique needs, and specific stages of life in mind.

Whether you are looking to provide Health Insurance for you or and your family or you are an employer looking to provide the benefits your employees desire, we’re here to serve you. Shield Insurance can offer its individual and group clients with the most comprehensive health insurance plans that serve your needs and deliver the best value for your money. Enjoy access to preferred health care providers and the best medical care here at home and abroad.

Top Ways Health Insurance can help. It covers:

  • Major illnesses and injuries that can have a catastrophic financial impact on you and your family.
  • Transportation services for emergency evacuation via air and ground ambulance.
  • Outpatient diagnostics
  • Inpatient / outpatient surgery –add this
  • Emergency Room Treatment
  • Preventative care – annual physical
  • Diagnostics
  • Medication
  • Maternity
  • Repatriation of Remains from abroad
  • Vision & Dental (not featured in all plans)

School Accident Plan

Covers the unforeseen events that lead to accidents on a daily basis for both students and their teachers.

 

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The above is meant to provide general information and general policy descriptions to help you understand the different types of coverage offered. These descriptions do not refer to any specific contracts of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance issued by Shield Insurance Agents & Brokers. We encourage you to speak to one of our authorized insurance representatives, and to read your policy contract to fully understand your coverages.