Wednesday, 2 January 2013

Life Insurance in Ontario – A New Year’s Resolution That Will Actually Stick!


With the holidays behind us, many of us want to start off the New Year with a fresh start. Your New Year's resolution may include planning to be healthier, perhaps by changing your diet or getting in shape. Or maybe your New Year’s resolution will include a plan to be more fiscally efficient by implementing a new budget and plan to save. Your New Year’s resolution could include making plans for your family’s future. 

One great way for Ontarians to plan for the future is by reviewing your current insurance coverage, including your life insurance – both to ensure that you have sufficient coverage and to even look for areas where you can save. As we navigate through life our insurance needs change. The type of life insurance that a young family needs is different than the type of life insurance a more mature family needs. In addition, life insurance in Ontario can vary greatly from company to company in both the cost of premiums and the coverage available to you.

Where life insurance in Ontario is concerned, time is not on your side. The older you get the more expensive life insurance premiums become, so it pays to make your life insurance a part of this year’s New Year’s resolution. Fortunately for you, life insurance in Ontario offers you a wide range of choices and benefits. It doesn’t matter how young or old you are - there are different policies available for people of all ages and walks of life.

Of course, life insurance comes in very handy in the event of an untimely death, but there are many other reasons why Ontario families make life insurance a part of their overall financial planning.

Life insurance in Ontario is a smart investment to make to protect your family and can be a great way to plan for retirement (guaranteed retirement income) or as a smart saving tool. So many New Year’s resolutions revolve around our personal finances, so why not get a jump on this year’s savings by using life insurance in Ontario as the perfect saving vehicle. For example, a whole life insurance policy can help give you the tools to invest effortlessly – making saving simple and easy!

What about your child’s education? Knowing the costs associated with a post-secondary education, many New Year’s resolutions include planning for that. Setting up life insurance in Ontario for your child can be a great way to get this started now – instead of scrambling after high school graduation.

You simply can’t afford to make life insurance planning a part of next year’s resolution. With December and all of its mayhem out of the way, make life even less stressful by insuring that you have created a secure blueprint for whatever may happen in the years ahead. There are many different life insurance products out there, so speaking with your Ontario insurance broker and discussing all of the options that will meet your needs is a great way to get that New Year’s resolution set in stone!

For more information about life insurance in Ontario and to tackle that New Year’s resolution, please contact Gary Mandel at Independent Financial Concepts Group at 416-849-1653 or visit www.wecoveryou.ca.

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