Term life insurance provides protection against financial loss resulting from the death of the life insured during a specified period of time (or term). The policy pays a death benefit only if the life insured dies within the given period outlined in the policy. The period of coverage is usually for 1 year, 5 years, 10 years, or 20 years, or until a specific age, such as the life insured's age 65. At the end of the specified period, the insurance protection ceases, unless the policy is renewed.
Whole Life Insurance
Whole life insurance is a form of life insurance that provides protection for the whole of the life insured's life, not just for a specific term. Whole life insurance is a form of permanent life insurance with a fixed or level premium that is usually payable for the entire lifetime of the insured. The terms whole life, straight life, and ordinary life are often used interchangeably.
Premiums can be paid on a continuous basis over the insured's lifetime
No Medical Life Insurance
Get the insurance coverage you need without a medical exam just by answering a few questions on the application. And, no medical means you could have insurance coverage in days instead of weeks or months. We offer no medical plans with competitive premiums in whole life, term life and critical illness. And, as always, death benefits are tax-free.
Critical Illness Insurance
Transition critical illness insurance provides you with a lump-sum payment after a critical illness is diagnosed. As a result, you can devote 100% of your energies to your recovery, without worrying about the financial impacts of the illness.
disability income insurance provides you with a source of income to replace your salary during a period of disability resulting from an accident or illness.
If you run a business, you know it can be difficult to find and retain good people. Group benefits can help you compete for the best talent, giving them a meaningful incentive to join your company and grow with you.
When it comes to purchasing life insurance, deciding which kind of policy to buy can be a challenge. But by learning about the characteristics of available insurance policies and working together with Lazare Financial Services, you’ll be able to choose the right policy to protect your loved ones.