Insurance

2 min read

Mother And Daughter In Consultation With Doctor In Office

Insurance protects you and your family against the risks of an uncertain future – it is like a financial safety belt. Having the right insurance coverage in place will help take care of unforeseen circumstances without putting a huge dent in or completely wiping out your savings.

Common insurance products:

Life Insurance
Liability Insurance
Health Insurance
Property Insurance
Motor Insurance

Additional protection offered by Insurance

Mortgage Protection – A family may lose their home if a life insurance death benefit is not available to help pay the mortgage
Transfer Wealth to Family – You can leave more money to your family with a life insurance policy as part of your estate
College Education – College is expensive, insurance proceeds can help ensure that college loans are paid even if you are not there to help
Pay estate taxes and create estate liquidity – When an estate is inherited certain taxes must be paid, life insurance may be able to cover your estate costs

Advice about insurance

Know the terms and conditions of the policy
Consult with more than one financial advisor about insurance options and select the one best suited for you and your family
Stay informed about the status of your policy and the options for upgrading, cancelling or renewing the policy
Always ensure that your premiums are paid on time
Take time to read the contract to ensure you are aware of the benefits
Review beneficiary periodically and change if necessary