Do I Need it and What is the Best Option for Me?
Everyone has their own reasons for buying a life insurance policy. These reasons change as your life changes. A single person who’s a renter may choose to forgo purchasing a policy yet that same person may buy a home, get married or start a family and suddenly have good reason to buy life insurance in order to protect their family and assets.
The most obvious reason for purchasing life insurance is to replace your lost income to cover the mortgage, the bills and provide for your family in the event that you die prematurely. Contrary to what most people think, your home is not your largest asset. Your ability to earn an income is your greatest asset. You may also want your children to go to college and your family to enjoy a certain kind of lifestyle. How would this be accomplished if you weren’t there to provide it? We offer affordable insurance solutions to cover off the risks of disability, illness, injury or premature death.
Before you sign up for mortgage insurance with your bank or lender, be aware that what they offer is Creditor Protector Insurance not life insurance. CPI is designed to protect the lender, not you or your loved ones. Although it will pay out the mortgage in the event of your death, it will not provide for any other expenses or income. It is more beneficial and typically more cost effective to have your own individually owned life insurance policy.
Whether you are buying additional protection, buying insurance for the first time or simply want to confirm that you have the proper insurance at the best price, we can help you understand what you have, what you need and give you a complete cost comparison summary. With access to Canada’s top life insurance companies we shop the market for you, saving you time and money.
Want to know more about life insurance?
If you are in need of a life insurance quote, contact Absolute Insurance today to speak to the life insurance specialists.