CAA LIFE INSURANCE
Q: What is the difference between term life insurance and guaranteed issue life insurance?
A: CAA offers both term life and guaranteed issue life insurance. Term life coverage is a life insurance policy with a specified duration of coverage. Term life insurance premiums are typically lower than other types of life insurance. However, most term life policies require some level of medical underwriting, which may make it difficult for those who have medical conditions to get adequate coverage. CAA Guaranteed Issue Life Insurance may be a better choice for those CAA members because there are no medical questionnaires and application approval is guaranteed.
Q: Can I get life insurance if I have a medical condition?
A: Yes. With CAA Guaranteed Issue Life Insurance you can get affordable life insurance coverage – even if you have a medical condition or have been diagnosed with a terminal illness. In fact, you will not have to answer any medical questions (other than whether you smoke).
Q: I’m still young. Why should I apply for life insurance now?
A: When you apply for life insurance, age is one of the primary things that determine how much your monthly premiums will be. Thus, the younger you are when you apply for CAA life insurance, the lower your rates will be. Further, as you age you may develop health issues that will increase your life insurance premiums, or in serious cases, make you uninsurable altogether.
For more information, no-obligation quotes and to apply, please visit www.caalife.ca.
CAA HEALTH & DENTAL INSURANCE
Q: Isn’t supplemental health and dental coverage expensive?
A: Not really. In addition to offering you affordable protection against unexpected healthcare costs, the CAA Health and Dental plan gives you the flexibility to choose both the type and amount of coverage you want, so you won’t end up paying for something you don’t really need. You build your own plan – one that’s right for you and your family – all for only a few dollars a day.
Q: Won’t the government cover all of my healthcare expenses?
A: No. The gaps in your provincial health insurance plan mean that you and your family regularly pay for everyday medical expenses such as dental check-ups and cleanings, prescription drugs, eyeglasses, and visits to registered specialists and therapists. To make matters worse, you could end up having to pay huge medical expenses, if an accident or illness were to occur. CAA Health and Dental protects you from both regular and unexpected healthcare expenses.
Q: Can I deduct my premiums from my income?
A: If you are an entrepreneur, self-employed, professional and/or a small business owner, your premiums may be tax-deductible. For others, your premiums may qualify as a medical expense and thus create a tax credit. Given these tax advantages, in many cases, the CAA Health and Dental plan could essentially pay for itself!
Q: I only have a few health and dental expenses each year. Why do I need extra coverage?
A: Remember, one of the purposes of health insurance is to ensure your family’s financial security. Although the dental, drug and vision coverage offered by the CAA Health and Dental plan are typically the most used benefits, the real long-term value in this type of coverage is the peace of mind you’ll gain from knowing you don’t have to worry about the uncertainties that come from relying entirely on your provincial health insurance plan.
For more information, no-obligation quotes and to apply, please visit www.caahealth.ca.
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