Online advisor first to add digital insurance service
TORONTO, May 11, 2017 /CNW/ - For Canadians looking to purchase insurance online, comparing policies and prices can become difficult and time-consuming. To simplify the process, Invisor has launched Invisor TermLife Insurance, a fully digital insurance buying experience – the first of its kind for a Canadian robo-advisor. The service is announced alongside a partnership with Teachers Life Insurance Society (Fraternal).
Using the latest technology, Canadians can now buy life insurance completely online for up to $500,000 in coverage for flexible terms of 10 to 40 years.
"We are excited about our partnership with Teachers Life and the opportunity to offer Canadians a flexible, fully underwritten life insurance solution through our unique online experience," says Dan Poole, co-founder and COO at Invisor. "Invisor was founded on the principles of simplifying the buying process for Canadians, and providing them with great products at affordable prices. Our partnership with Teachers enhances our abilities in these areas."
"We are pleased to partner with Invisor on Invisor TermLife Insurance," says Doug Baker, CEO of Teachers Life Insurance. "Invisor is an experienced group dedicated to providing Canadians with innovative insurance technology solutions, and Teachers Life is proud to work with their team."
Invisor Insurance also provides insurance solutions from other trusted names in Canada and offers all types of life insurance products, as well as disability and critical illness insurance. Upon requesting a quote at invisor.ca/insurance/, clients will receive advice from an experienced insurance advisor who will recommend the most appropriate products at the best rates. Or, if a client wants to stay online and see how much coverage they need, they can complete a free online life and health insurance needs analysis and view any shortfalls in their plan.
Invisor Insurance is currently available to Canadians residing in Ontario and Manitoba.
About Invisor (invisor.ca)
Invisor is a team of financial professionals dedicated to serving the evolving wealth management needs of Canadians using technology to deliver a better client experience. We offer Canadians personalized online investment management services and insurance solutions at a fraction of the cost of traditional products and services. Investment services are provided by Invisor Investment Management Inc., a firm registered as a portfolio manager in the provinces of Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec. Insurance services are provided by Invisor Insurance Services Inc., a firm licensed for the sale of life and health insurance products in the provinces of Ontario and Manitoba.
About Teachers Life
Teachers Life is a federally regulated life-insurance company and North America's largest educator-owned fraternal insurer. Founded in 1939, Teachers Life offers a full suite of personal insurance products to address the unique needs of the whole education community including educators, administrators, support staff and their families. Teachers Life is the first insurance provider in Canada to underwrite life insurance products online, in as little as 15 minutes. As a not-for-profit fraternal insurer, community commitment is a core value for Teachers Life.
For further information: Media inquiries contact: Melissa Motyka, 647-499-4416, [email protected]