Life Insurance
The 3 main types of insurance
Term: Tends to be a low cost/high coverage option but designed for lives that end early rather than long lived.
“UL” or “Whole Life”: Has an investment compnent and is a policy that will cost more than term but gives lifelong protection so long as premiums are paid.
“PAR”ticipating: Gives you life-long coverage and you share in the profits of the insurance company.
Note: Life insurance that is part of a group plan or mortgage insurance is not typically recognized as having a life insurance policy when filling out an application.
There are reasons for this including the fact that those insurances are not owned by you and you may not be able to keep them.
For more information see educational articles here:
Who needs life insurance?
If someone relies on you for money, care or love, you likely should have life insurance.
We all think of the person who gives financial support as someone who needs this type of coverage.
Those who have no income and take care of children or other family members, like a stay-at-home parent. will need to have someone take over their role if they pass on.
Also, when someone you love dearly dies and you are overcome with grief, going to work and making money will not be something you will want to do. You may not even feel capable of it.
Life insurance can also be part of a financial plan, including covering taxes and fair estate distribution.
It can also be a way to support a charity that is important to you after your death.
Would you like Heather to call you?
If you would prefer, Heather can reach out to you to answer a question or to set up a meeting to discuss your insurance needs in detail.
Simply click the link above and book a call from her.