Protecting your family from unforeseen events can seem intimidating. Not only do you have to decide between options such as life insurance policies, disability income protection, and long term care insurance – you need to know how much to buy.
Life insurance is a crucial step in planning for you and your family’s future. It can fulfill promises and obligations when you are no longer living.
The death benefit is tax-free and can be used to cover funeral expenses, repay debt, provide education, pay estate taxes or any other expenses survivors may incur.
Life insurance may also be used to help ensure that a family business will pass to your intended survivor. There are also benefits to certain types of life insurance plans during your lifetime.