{"id":48,"date":"2014-12-04T14:44:33","date_gmt":"2014-12-04T22:44:33","guid":{"rendered":"http:\/\/www.okanaganwebsolutions.com\/~tfcpfinancial\/?page_id=48"},"modified":"2019-10-11T10:23:41","modified_gmt":"2019-10-11T17:23:41","slug":"risk-management","status":"publish","type":"page","link":"https:\/\/tfcpfinancial.com\/?page_id=48","title":{"rendered":"Risk Management"},"content":{"rendered":"<div class=\"fusion-one-third one_third fusion-column\">\n<h3 class=\"title\">INSURANCE STRATEGY<\/h3>\n<p align=\"left\"><strong>Risk Management: <\/strong><\/p>\n<p align=\"left\">Risk transfer:\u00a0 Passing the risk\u00a0from your shoulders onto the shoulders of an insurance company. In exchange for the burden of risk, the insurance company asks you to pay a premium.<\/p>\n<p>The insurance company knows that some people will outlive,\u00a0cancel,\u00a0forget or\u00a0will not apply for the benefit and, conversely, \u00a0that some will collect.<\/p>\n<p>The premiums are calculated based on the percentage of chance that the insurance company will have to pay out a claim.<\/p>\n<p align=\"left\"><strong>Do you need to purchase Insurance?<\/strong><\/p>\n<p align=\"left\">The answer to this question varies from one person to the next. If you are independently wealthy you can self insure. If you have assetts that are liquid on disaster, you can self insure.<\/p>\n<p>If you are the average wage earner, maybe supporting a family,\u00a0or\u00a0you are a couple or are\u00a0single and have some debt\u00a0then you do need insurance.<\/p>\n<p>When you realize that 100% of people (not 99%) will die someday, then it only makes sense\u00a0that every single person should\u00a0have life insurance. Now, how much and what type? Well, that&#8217;s where we come in.<\/p>\n<p><strong>Can an Insurance company refuse to pay?<\/strong><\/p>\n<ul>\n<li>\n<div align=\"left\">An insurance contract is a legal and binding agreement. Once the insurance company accepts your premium and provides you with a contract, they are at risk. There are circumstances of fruadulant application information and suicide which can disqualify a policy but for the most part, the insurance company is committed.<\/div>\n<\/li>\n<li>\n<div align=\"left\">\u00a0HOWEVER, if underwriting is done at the time of claim instead of the time of application, there is a back door.\u00a0 Mortgage insurance is one example. Click on the link to Market Place &#8211; in Denial to the right to learn more.<\/div>\n<\/li>\n<\/ul>\n<p><strong>When&#8217;s the best time to buy insurance?<\/strong><\/p>\n<ul>\n<li>\n<div align=\"left\">The very best\u00a0day to buy insurance is the day before you need it. The next best day to buy it is when you can qualify at the lowest rate and it fits in your budget.<\/div>\n<\/li>\n<\/ul>\n<\/div><div class=\"fusion-two-third two_third fusion-column last\">\n<h3 style=\"text-align: center;\">INSURANCE MANAGEMENT<\/h3>\n<div><strong>An\u00a0independant\u00a0Brokerage licensed in BC\u00a0<\/strong><strong>We arrange:<\/strong><\/div>\n<ul>\n<li>Life Insurance<\/li>\n<li>Health &amp;\u00a0Sickness Insurance<\/li>\n<li>Critical Illness Insurance<\/li>\n<li>Long Term Care Insurance<\/li>\n<li>Disability Insurance<\/li>\n<li>Travel protection<\/li>\n<\/ul>\n<div><strong>Life Insurance:<\/strong><\/div>\n<ul>\n<li>Term Insurance:\u00a05, 10, 15, 20, 25, 30<\/li>\n<li>Term to age\u00a0100<\/li>\n<li>Mortgage Insurance<\/li>\n<li>Permanent Insurance:\n<ul>\n<li>Whole Life,<\/li>\n<li>Universal Life,<\/li>\n<li>Guaranteed Issue,<\/li>\n<li>non-medical<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div>Do you have questions? Do\u00a0your premiums ever increase? How long does the coverage last? Who gets the money and is it taxable? We have the Answers.<\/div>\n<div><strong><br \/>\n<\/strong><strong>Extended Health:<\/strong><\/div>\n<ul>\n<li>Prescription drugs<\/li>\n<li>Dental Coverage<\/li>\n<li>Eye wear programs<\/li>\n<li>Travel Insurance<\/li>\n<\/ul>\n<div><strong>Critical Illness:<\/strong><\/div>\n<ul>\n<li>Heart Attack<\/li>\n<li>Stroke<\/li>\n<li>Cancer<\/li>\n<li>Coronary By-Pass<\/li>\n<li>plus 18 more life threatening illness<\/li>\n<\/ul>\n<div>\u00a0Medical advances over the years have allowed people to survive life threatening illness but you survive and cannot work. What now?<\/div>\n<div><strong>Long Term Care Insurance:<\/strong><\/div>\n<ul>\n<li>Coverage for elderly and incapacitated individuals<\/li>\n<\/ul>\n<div><strong>Disability Insurance:<\/strong><\/div>\n<ul>\n<li>Short or Long Term disability insurance.<\/li>\n<\/ul>\n<div><strong>Group Insurance:<\/strong><\/div>\n<ul>\n<li>\u00a0Employee benefits.<\/li>\n<li>Suplemental Benefits<\/li>\n<\/ul>\n<div><strong>Travel Insurance into\/out of Canada<\/strong><\/div>\n<ul>\n<li>Holiday\u00a0travel peace of mind<\/li>\n<\/ul>\n<\/div><div class=\"fusion-clearfix\"><\/div>\n<div class=\"fusion-fullwidth fullwidth-box\" style=\"background-attachment:fixed;background-color:no;background-image: url(https:\/\/tfcpfinancial.com\/wp-content\/uploads\/2014\/12\/bkgd13.jpg);background-position:center center;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-color:#e5e4e4;border-bottom-width: 1px;border-top-width: 1px;border-bottom-style: solid;border-top-style: solid;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:50px;\"><div class=\"avada-row\"><style type='text\/css'>.reading-box-container-1 .element-bottomshadow:before,.reading-box-container-1 .element-bottomshadow:after{opacity:0.1;}<\/style><div class=\"fusion-reading-box-container reading-box-container-1 fusion-animated\" animation_class=\"fusion-animated\" data-animationType=\"fadeInUp\" data-animationDuration=\"1\"><section class=\"reading-box\" style=\"background-color:rgba(255,255,255,.3);border-width:1px;border-color:#e5e4e4;border-left-width:3px;border-left-color:#346699;border-style:solid;\"><a class=\"button fusion-button button-default default button-square button-large large button-flat continue continue-right\" href=\"\/?page_id=37\" target=\"_self\" type=\"button\"><span>Contact Us Now<\/span><\/a><h2>Are you ready to become financially Secure?<\/h2><p>Click the button to contact us to arrange your no obligation initial consultation. You will be glad you did.<\/p><a class=\"button fusion-button button-default default button-square button-large large button-flat mobile-button continue-right\" href=\"\/?page_id=37\" target=\"_self\" type=\"button\"><span>Contact Us Now<\/span><\/a><\/section><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-48","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/tfcpfinancial.com\/index.php?rest_route=\/wp\/v2\/pages\/48","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tfcpfinancial.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/tfcpfinancial.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/tfcpfinancial.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tfcpfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48"}],"version-history":[{"count":8,"href":"https:\/\/tfcpfinancial.com\/index.php?rest_route=\/wp\/v2\/pages\/48\/revisions"}],"predecessor-version":[{"id":144,"href":"https:\/\/tfcpfinancial.com\/index.php?rest_route=\/wp\/v2\/pages\/48\/revisions\/144"}],"wp:attachment":[{"href":"https:\/\/tfcpfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}