WHICH CHOICE IS BEST FOR YOUR SITUATION? There is only so much money to go around right? We all have things competing for our hard-earned dollars. Often we have debt, medical expenses, food, shelter, kids, and a hundred other things that all require some amount of money to keep them afloat. But when it comes to protecting yourself by buying life insurance or funding a retirement that is 30 years away, the decision on which is choice makes more financial sense deserves some deeper thought. Buy Life Insurance Or Invest For Your Future? If you have kids, a spouse, a mortgage, or other financial commitments you need to ensure that money is available in the event that you unexpectedly die. Where would this come from? Well, a life insurance policy is the best choice if you are under the age of 50 and don’t have liquid money to cover your debts and care for your loved ones. Perhaps the best way to consider the need for life insurance is actually based on your age. For this reason we will go through some typical stages of life, and determine what if any, life insurance should be purchased. You […]
The What If’s in Life with Life Insurance- Staring out the Canadian Glass Window
What if I lose my job, What if I get injured, What if I die,What if this What if that.. blimey, are you tearing your hair out? Are you thinking about life insurance yet? Sometimes preparing for the future seems like it’s silly but perhaps it’s just a way to put off the inevitable. Some people I know didn’t think they needed life insurance or thought it was only something senior folks think about. Scenario: Older Couple who never purchased Life Insurance Little Savings Age 50’s with children/grandchildren Mortgage until they are in their 70’s Little Investments Health Status- bad Heart Condition, Diabetes Source: EverydayHealth.com What we do know for sure is: We WILL all DIE! Face it mates, it’s going to happen whether you like it or not. ** Note: if you are reading this and have some sort of secret potion to prolong this send me a quick email so we can meet up** If you plan to remain single and childless for the rest of your life and have money put aside for your funeral costs then you can sweep the insurance idea under the mat. Do you really need to pay for Life Insurance when there […]
