Michael Randall - Insurance Advisor - Nour Insurance Services

Why are Life Insurance Reviews Important?

As we’re all aware, only thing constant in life is Change.

• Hopefully, you have life insurance in place, but do you have enough?

• Have life circumstances changed since you first purchased your insurance?

• What’s changed and what do you need to do to update your existing financial protection?

Most Canadians have different needs at different stages of life, so a few good questions to ask yourself are:

• Do I have the right life insurance plan in place to cover my mortgage? family? business?

• Do I have adequate disability & critical illness to replace my income and cover my monthly expenses and/or ensure my retirement plans aren’t interrupted?

• Should I renew my term insurance, or should I switch to a more permanent plan because my needs have changed?

• Do I need to increase my insurance coverage to make sure all my obligations can be met?

• Do I have the right insurance to cover the tax bill for the assets I’m leaving to my children?

• Is my beneficiary designation still in line with my wishes?

Happy Family Day!!
It’s beautiful out a great day for an outdoor run and baseball ⚾️ season just around the corner too!