About Single life Joint life Combined Billing Discount Multi-Life® Financial Tools Links
To find a LifeGuide equipped professional advisor near you, click on the button below

 Search for a Broker near you 

    When purchasing life insurance coverage on more than one person, various cost savings opportunities may be available to you.

  1. Combined Billing Discounts (CBD): In CBD arrangements, the premiums for two or more life insurance policies are paid together. The Combined Billing Discount reflects some or all of the reduction in administration expenses. Please note that CBD savings are available only when the policies are with the same company. Insurance company rules for availability of CBD differ from company to company and may be otherwise restricted.

  2. Base:Rider contracts: In a Base:Rider contract, one of the insured people is insured under the "Base" contract. Coverage for additional person(s) is added onto the "Base" as a "rider". You can think of a "Base:Rider" policy as a two storey house with the ground floor being the "Base" and the upper floor added as a "Rider" . As there is essentially a single policy on both people, there may be a cost saving involved. Insurance company rules for availability of Base:Rider contracts vary from company to company and may be otherwise restricted. It is imperative that the contract wording be carefully reviewed in all contracts. In Base:Rider contracts, it is also important to carefully review the options that may or may not be available in the event that the "Base" coverage is discontinued for whatever reason, but there is a continuing need for coverage for the person who is the "Rider".

  3. Inter-Company Brokerage (ICB): In ICB, each person is independently insured under an independent contract. This option provides the highest degree of flexibility. In addition to providing the highest degree of flexibility, this option may also produce the lowest total premium cost. This option may also provide added security through spreading of the risk.
    Thousands of professional insurance advisors across the country are properly equipped with the LifeGuide software and are therefore able to consider all the options available to you for the best value at the lowest cost.

To find a LifeGuide equipped professional advisor near you, click on the button below

 Search for a Broker near you