How often have you thought about getting life insurance? What were your reasons for passing on the opportunity? If you are wondering if life insurance is for you, now might be the right time. For many, life has brought so many changes in the past year. Maybe now you have a home or family of your own and are beginning a new stage in your life.
The simplest definition of life insurance is: life insurance is a type of financial coverage that is paid to a beneficiary upon the death of the policy holder (you.) There are various kinds of policies, and it is a good idea to speak to an insurance broker at Canadian LIC to see which one is right for you, your situation and budget. Three simple things you should consider when looking for life insurance are: Dependants, Income, and Financial Responsibilities.
Here are four simple reasons you should get life insurance.
During this time, everyone has different financial needs, and worries. To find a policy that suits you the best now, is important. With so many policies, there is something for everyone, even those who think they can’t afford this type of insurance. Remember, no one thinks about getting life insurance when things are going well, and they are healthy and young. That, however, is actually the best time to take control and get insurance. Even the smallest, life insurance policy brings peace of mind. You will be comforted knowing you have taken care of your loved ones, no matter what happens in the future.