| Let's looking at life insurance: | | | | emergency, life insurance can do more for you |
| | | | than you may have thought. |
| It's part of the human equation. Just as we | | | | |
| rarely give thought to our health, unless | | | | Insuring your plans |
| something goes wrong, most of us are too busy | | | | |
| living life to stop and wonder if our life | | | | Whatever dreams you're planning for, even |
| insurance coverage is adequate. Would we be | | | | when your circumstances have changed, life |
| able to create security for our family if we | | | | insurance can help you reach your goals. What |
| should die unexpectedly? If you know anyone | | | | if you've been fortunate enough to build a |
| who's endured the sudden loss of a loved one, | | | | large estate? A provision to pay off any |
| it goes without saying that it can be a | | | | taxes due after you are gone will insure that |
| devastating blow. Now think how much more | | | | your beneficiaries won't have to shoulder any |
| overwhelming this would be without sufficient | | | | unexpected costs. |
| life insurance. | | | | |
| | | | While there isn't really a right or wrong |
| What can life insurance do? | | | | time to buy life insurance, it is wise to |
| | | | shop for life insurance when you don't need |
| If something were to happen to you, what | | | | it. In other words, when you are building and |
| could you expect your life insurance to do | | | | creating plans for the future. You can always |
| for your family? It could provide: | | | | make adjustments as your circumstances |
| | | | change, but the key is to know what your |
| A comfortable standard of | | | | insurance needs are right now. The provider |
| living for your family | | | | will usually contact you once or twice a |
| | | | year. |
| Payment of any debts or | | | | |
| expenses | | | | You may opt for a permanent life insurance |
| | | | policy, with a cash surrender value. Young |
| A source of income for loved | | | | couples that are just starting out might |
| ones | | | | prefer the lower cost term life insurance. |
| | | | The best solution for you could be a |
| A legacy to your favourite | | | | combination of permanent and term policies. |
| charity | | | | |
| | | | Some people aren't comfortable with brokers |
| Today's life insurance policies aren't | | | | because of all the personal questions they |
| limited to providing for loved ones after | | | | ask. Although financial planning and estate |
| you're gone. They can be used to build | | | | planning is a personal thing, bear in mind |
| savings. You could use these tax-saving funds | | | | that the best possible coverage for you and |
| to supplement your retirement earnings or to | | | | your family is one that is tailored to your |
| provide long term care for a spouse. You'll | | | | needs. It will benefit you to have a |
| want to ask your financial advisor about the | | | | professional who understands life insurance |
| many options available for accessing your | | | | and who can explain the various policy |
| policy cash values. | | | | advantages to you. That includes asking the |
| | | | right questions along the way. After all, |
| From creating an instant estate for your | | | | those few uncomfortable moments could mean |
| loved ones to getting a quick cash value | | | | years of security for you and your loved |
| return if you should ever need money in an | | | | ones. |