Remember penny candies? Or for those of you with memories that date back longer, remember when gas was around $.50 per litre?
Part of the reason these items are now more expensive is because of inflation. Things are generally becoming more expensive, and Foresters Life Insurance Company has not only recognized this, but has found a solution for those of you that are concerned about the increasing cost of living.
Foresters has incorporated an indexing option into their ten year term plans.
If this option is chosen, the policy will automatically increase the face amount by 5% annually for 10 years. For example in year 1 coverage will be 100% of the original coverage, year 2 it will be 105% of the original coverage, year 3 it will be 110%, year 4 it will be 115% … all the way up to the end of year 10 when it will be 150% of the original coverage.
At this point you can renew the term policy without going through the paramedical testing and your coverage will continue to increase 5% per year.
This product can be utilized to cover a number of different situations:
– To insure your increasing future income for your loved ones
– So your developing/growing business is insured for your family, business partners, and your employees
– To ensure that your dependents are not short changed in an economy that has a continually increasing cost of living
If you would like more information, or want to apply for Life Insurance through Foresters Life Insurance Company, please contact me
Tyler Brown – Financial Security Advisor
WP: (519) 648-9580
CP: (519) 212-9859
FX: (519) 489-2740
244 Woolwich St. South, Unit #1 ~ P.O. Box 261 Breslau, ON ~ N0B 1M0