|
|
|
. | Life and Living Benefits Insurance For Your Family
Life and living benefits insurance are essential components of a sound financial plan.
To determine how much coverage you need, start by gathering all your personal financial information and estimate what income your family will need after you die, if you become critically ill, or require long-term care. Include ongoing expenses such as:
- Daycare
- Mortgage payments and household expenses
- Costs to maintain your business
- Tuition
- Retirement income funds
Also consider:
- Immediate expenses at the time of death (medical bills, burial costs, estate taxes)
- Expenses not covered by your provincial or employee health plan if you become critically ill, or can no longer take care of yourself - expenses such as: travel to treatment, modifications to your home, nursing home care.
Wonder how much insurance might be right for you? Try the Insure Right calculators.
Life insurance
Critical illness insurance
When evaluating your insurance needs, there’s no substitute for a thorough needs analysis – like our Insure Right program – combined with advice from your insurance advisor.
Life and living benefits insurance make good financial sense for many different stages of life, whether:
you’re young
you're financially successful | |
 | | |
|
|
LCGirlonBack/$File/content_girl_on_back.jpg)
