Life Insurance for Calgary and all of Alberta
The right life insurance policy in place will give you the peace of mind knowing that you have taken the appropriate steps to protect the people you love. This type of insurance will provide for those who depend on you financially when you are no longer around for them. The money paid out to your family from the policy may be used to cover final expenses, compensate for the loss of income, pay off debts or fund the future education of a child.
You can choose from two forms of life insurance: term life insurance and whole life insurance. Term life insurance provides simple, affordable coverage for a specific period of time. A whole life insurance policy is a permanent option that features guaranteed death benefits, fixed premiums and cash value growth.
Why You Need Life Insurance
If you have someone in your life that will suffer financially when you pass, you need this type of insurance. Following your death, it will provide your family with the funds that they need to cover important expenses. Losing someone that you love is always a struggle. When emotional struggle is compounded by financial difficulty, the effects can be devastating. Toole Peet Insurance can help you choose a policy that will insure those that you care the most for are well provided for after your passing.
Who Needs Life Insurance
You may think that the only people that need this type of insurance are wealthy individuals who are married with a large family. However, a Toole Peet Insurance
representative can help you choose a policy that meets your needs regardless of your situation. Whether you are elderly or young, single or married and whether or not you have children, there is a policy that fits your financial plans.
A married couple usually shares everything and that included their financial obligations. Even if you do not have children, your surviving spouse's income may not be sufficient to pay for the debts that you have accumulated together, such as car loans or credit card. Likewise, they may not have the financial security necessary to maintain monthly utility bills or rent payments. Purchasing coverage now will help protect your spouse from potential financial problems in the future.
These days, most families rely on two incomes just to make ends meet. If you were to lose your life suddenly, your family may not be able to maintain their current living standards on the income of your spouse alone. Raising one or more child means expenses for food, clothing and transportation. In addition, the savings of a surviving spouse may not be adequate for college tuition or a comfortable retirement. The right policy can ensure the future and dreams of your family remain alive, even after you are gone.
Even stay-at-home parents that do not earn a salary still contribute to their family financially. If you are no longer there to provide childcare, cooking, cleaning, transportation and other household activities, your surviving spouse may have to hire others to perform such services while they are away at their job. The right insurance will make sure certain that your family's quality of life is preserved.
Single parents are everything to the children in their care, from cook and caregiver to bread winner and chauffeur. These parents have a great deal of responsibility that rests on their shoulders. Therefore, it is important that people in this type of situation secure enough insurance to safeguard the financial future of their children.
Do not make the mistake of believing that because your children are grown you have no need for this type of insurance. Once your children have made it past the college years your mortgage is paid and you are happily enjoying retirement, you may think that your savings will be enough. However, you want your spouse to be able to maintain the way of life that you have both worked so hard to obtain and you want to have something to pass on to your children and grandchildren, which is not likely if you depend solely on the money you have saved.
If you are single, you may think that you do not need to invest in life insurance because you have no one that depends on you for financial stability. However, you may have significant debt that you do not want to pass on to your surviving family members. In addition, you can secure a good insurance policy now that fits into your budget to eliminate the worry of finding coverage later on down the road when you do have a spouse and children depending on you for their financial livelihood.
Do not make the mistake of leaving those that you love vulnerable to financial devastation when you die. It only takes a moment to submit the free and easy quote form to Toole Peet Insurance. A friendly representative is waiting to help you choose a policy that will ensure your family's financial future.