Understanding Your Life Insurance Options
The primary purpose of life insurance is to:
- Replace income in the event of the death
of a wage earner
- Pay debts (such as a mortgage) on death
- Pay final expenses
- Pay tax due upon death
- Create an estate
- Conserve an estate
- Maximize an estate
- Equalize an estate
- Provide an endowment to a charity
Two Types of Life Insurance
Who Should Buy Term Insurance?
Individuals looking for:
- Coverage for short (10-20 years)
periods of time,
- Mortgage repayment,
- Debt repayment,
- Income replacement, or
- Any temporary need.
Who Should Buy Permanent Insurance?
Individuals looking for:
- Coverage which will last for a lifetime,
- Estate creation, conservation, maximization
or equalization,
- Part of an insured annuity or pension maximization,
- Providing an endowment to a charity, or
- Any permanent need.
How Can we help?
Questions about Insurance?
Ask us below or Call us Now at
1-855-598-8859
604-267-7030
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