Are you sure you have enough insurance coverage for your family if you passed away? If you have group coverage, when is the last time you reviewed the company handbook to see what exactly is covered? Usually there is a ceiling and most often, it won’t be enough. You may be short.
Here’s a calculator from Manulife that takes only seconds and will give you a quick and easy way to estimate your needs.
When it comes to life insurance, there are two main categories; term and permanent. If someone you care about depends on your salary, then life insurance is not an option: it’s essential. If you die prematurely without the proper coverage, your spouse and kids may be left without any means to pay the mortgage or put food on the table.
Which type of life policy best meets your needs is important. Deciding on term or permanent is best done by meeting with an Insurance Advisor. To learn more, contact me today to discuss at 604.940.8617.
Insurance products are provided through iA Private Wealth Insurance Agency which is a trade name of PPI Management Inc. Only products and services offered through iA Private Wealth Inc. are covered by the Canadian Investor Protection Fund.