Mickle

Life Insurance has its living benefits. You can leverage permanent insurance like universal life while you’re living. Some of the benefits of universal life insurance in Canada include:

Flexible Premiums
Cash Value Accumilation
Tax Advantage
Death Benefits
Living Benefits
Investments

Let’s get you connected our licensed insurance advisors. Contact us for your FREE consultation. Or Comment MORE if you want detailed information about these benefits.

If you're starting a family, it's important to consider the financial impact of your death on your loved ones. A term life insurance policy can provide coverage for a specific period of time, such as the length of a mortgage or until children are grown and financially independent. Additionally, consider adding a rider to your policy to cover the costs of raising your children in case of your death.

Have you heard about the DIME method? It is a way to help determine how much life insurance coverage you should have.

DIME stands for: 🏦 💸 🏡 🎓 also 🤑📈

🏦 Debt: This includes any outstanding debts or loans you have, such as mortgages, car loans, credit card balances, and student loans. You'll want to make sure your life insurance coverage is enough to pay off these debts in the event of your passing.

💸 Income: Your life insurance coverage should be enough to replace your income and support your family in the event of your death. This includes taking into account future earning potential and any current or future expenses such as education, retirement etc.

🏡 Mortgage: If you own a home, it's important to consider how your family would manage the mortgage payments in the event of your passing. Your life insurance coverage should be enough to pay off the mortgage so your family can keep the home.

🎓 Education: If you have children or other dependents, you'll want to consider the cost of their education when determining your life insurance coverage. This will ensure that they have the resources they need to pursue their education goals.

🤑📈 Estate taxes: If you have a substantial estate, you may need to consider estate taxes when determining your life insurance coverage. Your coverage should be enough to cover any taxes due in the event of your passing so your family can keep more of your assets.

Message us today! we'll have you chatting with a financial advisor or insurance agent to understand how these factors apply to your specific situation and to get an accurate estimate of the coverage you need.

Don't wait, make sure your loved ones are protected.