Are You Protected With Life and Critical Illness Insurance?

Do you have life and critical illness insurance for peace of mind and financial security for your loved ones in the event that you were to pass away or become too ill to work due to a critical illness?

While there is nothing you are able to do to change the fact that death comes to all of us at some time, we are at least able to leave this world knowing our loved ones are not left struggling financially. Life and critical illness insurance are and you are typically able to tailor the insurance to suit your finances and your lifestyle.

You can get a free quote if you want to know about life and critical illness insurance.

Financial Preparedness: Critical Illness Insurance Osoyoos Credit Union

The types of life insurance to consider

Here are two of the most popular forms of life insurance you may wish to consider depending on your needs.

Term life insurance is one of the most common ways of protecting your life and is a simple choice for protecting your life. You choose the amount of insurance you need based on your circumstances and choose how long you wish to take out the insurance. If you were to pass away during the term of the insurance, your loved ones are paid the sum insured.

If you were to outlive your life insurance the policy stops and no payout is made. Critical illness cover can also be added to the cover. You may choose to take out life and critical illness insurance this way.

If you have a mortgage and want to ensure your loved ones had money to pay off the outstanding balance of the mortgage upon your death, then you might want to look into taking out decreasing term insurance.

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Insurance For Truck Drivers – The Coverage You Need

First, truckers, tractors, and trailers, are insured as commercial equipment and not automatically afforded the coverage extensions of a personal auto policy.

Electronics, loading equipment, load securing equipment, rental reimbursement and personal property are insured differently and are not automatically covered.

You can also get occupational accident insurance for truckers at

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Commercial Auto Liability is pretty straight forward. If a trucker has ICC Authority, a filing for proof of financial responsibility will be given to the Feds. Filings are what keep a trucker compliant with federal (ICC) authority requirements.

Uninsured / Under-Insured Motorist is also helpful for a trucker that has been injured by a vehicle without insurance. Medical payments are useful when someone is injured in and on your truck.

There are 3 different forms or policies: Named Perils and Theft which is narrow in coverage, Broad Form which adds certain coverage to the basic form and All Risk coverage which offers coverage for all causes unless excluded by language in the policy.

Regardless of the form, there is certain coverage a trucker would need. Truckers should buy cargo coverage equal to the highest value of goods they haul. Every trucker should have earned freight coverage on his policy.

This coverage pays for lost revenue when he is not able to deliver his load due to a covered loss. Disposal and cleanup coverage for a loss should be at least $10, 000.

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