Life Insurance
Often, people focus their retirement planning strictly on RRSP’s, not realizing they form only one aspect of their financial plan. Perhaps it’s the hype of RRSP season, the benefits of deferring taxes, or simply lack of information. Regardless, life insurance is an effective tool to ensure your retirement is financially secure.There are two kinds of life insurance – term and permanent. Each type provides protection for different life insurance needs and may also be combined in the same policy. Term insurance can provide short-term protection. It is flexible and inexpensive so it can be effective in situations where people have other financial obligations such as mortgages, loans, etc. It may be all the insurance you need or it may be used as an interim before purchasing permanent insurance.
Permanent insurance provides ongoing protection. These policies generate cash value that accumulates on an annual basis. The cash value may be used for emergency needs, help finance a business opportunity, or be used for educations purposes.
Whatever your particular circumstances dictate we will customize your life insurance to fit your needs.