Buying life insurance is one of the most unselfish decisions someone could make whether you live in Peterborough or anywhere in the world. It is the act of being accountable for our debt and as a parent, taking responsibility for our children and family obligations when we are no longer able to do so ourselves.
Many people dont buy life insurance because they believe they cant afford it. However, there are many kinds of life insurance, and with the proper planning and budgeting, the need can be adequately covered quite inexpensively. Dont wait till the last minute to buy insurance because if youre at the point when you really do need the insurance, you are probably at that point uninsurable. Remember you wouldnt buy car insurance after youve had an accident. The same is true for life insurance.
As well, you need to bring up the subject with your spouse. You may both be assuming the other may not be open to the idea of buying life insurance, when, in fact, it may have crossed both your minds. Talk it over, determine the need and the most affordable plan. If you have group benefits where you work, you probably already have some insurance, but dont assume this is enough. Know exactly what you are covered for and fill the additional need with private coverage. Remember if you lose your job, get laid off or get sick and become unemployed, your group benefits and life insurance may terminate, potentially leaving you vulnerable and uninsurable. It is always better to have some private coverage.
Talk to one of our Peterborough Financial Advisors today to get a hassle free life insurance quote.
It has been a tradition of IFG to have ongoing learning sessions to educate our clients. Our next learning session will be held on December, 1st.
Buying life insurance is one of the most unselfish decisions a person can make. With the proper planning and budgeting one can be covered inexpensively.