Have you ever bought a life insurance or disability insurance policy and then received a refund of the premium you paid? Well, CBIA/Lawyers Financial clients have! In fact, since the year 2000, we have distributed $46 million in premium refunds to our clients. Those refunds are in addition to numerous benefit enhancements and rate reductions.
As a not-for-profit corporation, our mandate is to break-even. We don’t measure success on sales, but rather, on satisfied clients. And, when financial performance is better than expected, we use those funds to enhance benefits, reduce rates and/or provide a premium refund to clients. Earlier this month, refund cheques amounting to over $3.5 million were mailed to eligible clients who have Lawyers Financial Term Life, Disability, Critical Illness or Business Expense insurance.
Providing a comprehensive suite of insurance and investment solutions exclusively for lawyers, their families and employees is all we do. Connect with your local Lawyers Financial advisor to learn about the products designed with the specific needs of lawyers in mind and see how much you can be saving!