The following information is for educational purposes only. This information is not intended to replace the advice of an insurance professional or address specific situations. Your personal situation should be discussed with your professional advisor(s).
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Life insurance can create financial security for you and your family. If you should die prematurely, it can be used for a variety of purposes:
• to pay your final expenses, taxes, and any debts that you may have
• provide an income for your family
• ensure your family has the resources to maintain a comfortable standard of living
• leave a legacy to your favourite charity
Life insurance can also be an important tool in your business. It can:
• protect financial obligations, such as a business loan or mortgage
• protect the value of your estate from potential creditors
Regardless of your reasons for needing life insurance, it will play a very important role in your total financial plan.