Understanding the risks which we inevitable all encounter each day will place you and your family in a healthier position financially and emotionally. Risk management involves deciding the best approach in dealing with risk: either by avoiding the risk, sharing the risk, transferring the risk or assuming the risk. As you and your family walk through life, accidents and disasters can and do happen, and if you're not properly insured, you could be jeopardizing all that you've worked so hard to create.
Many factors go into determining how much life insurance you might need. These include:
the amount of your debts,
any final expenses and estate taxes that will be owing on your death,
the current and future care and education costs for your children, and
the income your family relies on to maintain its lifestyle.
The amount of insurance you get will depend on your answers to these 4 questions:
1. Do you want the insurance to replace all or just some of your lost income?
2. Do you want your family to live debt free or just continue paying down debt?
3. Will you spend the capital from the insurance payment or just the investment earnings?
4. How much can you afford to pay for insurance?
Book a FREE, no obligation appointment with us to learn more and how we can help you protect your family.
Types of Insurance
A living benefit that pays a lump sum (tax free) if you are diagnosed with, a critical illness such as life threatening cancer, heart attack, stroke, multiple sclerosis, Parkinson’s disease, paralysis, kidney failure any many more. 1 in 3 Canadians will be diagnosed with a critical illness in their lifetime.