Gregory Rozdeba is a Sales Director specializing in insurtech and wealthtech firms. He has consulted multiple seven-figure fintech businesses and founded Dundas Life, which is transforming how Canadians buy insurance. Gregory served as Director of Sales at a Toronto-based insurtech firm where he took the company from no product to raising over $7.6M+ in venture capital to transform the prospect to policy process in the insurance industry. After leaving the corporate world, Gregory has taken up cycling and in-depth study of Ancient Rome. He advises business leaders and enjoys helping salespeople refine their process.
Whole life and universal life insurance are permanent life insurance plans. They both offer lifelong coverage and the potential to build cash value over time, and this article will outline their differences.
Underwriting helps insurers figure out the financial risk a person poses to them, by gathering details about an applicant and using an actuarial table to calculate how long they are likely to live.