LAW AND ARTICLING STUDENTS

A Guide to Life Insurance

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.