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Free Insurance Quotes
Distance: 7.8 Mi35 Summitcrest Dr
L4S 1A7 Richmond Hill -
Al G. Brown & Associates
Distance: 8.3 Mi970 Lawrence Ave W
M6A 3B6 North York -
Illustrate Inc
Distance: 10.3 Mi920 The East Mall Suite 300 Toronto
M9B 6K1 Etobicoke -
SOLCORP
Distance: 9.7 Mi5925 Airport Road
L4V 1W1 Mississauga -
laws under Canadian and International law
Distance: 11.1 Mi5160 Explorer Drive, Suite 11
L4W 4T7 Mississauga
BestPlan Insurance & Financial Strategies
- 3-97 Saramia Cres Suite/Unit
- Concord, Ontario
- L4K 4P7
- Phone: +1.416.602.0755
- Website
Description
Most forms of life insurance (term, group, whole life, universal life) pay a tax-free sum to a named beneficiary, upon the death of the life insured. However the similarity ends there. Some insurance is needed to cover the risk of "premature" death or disability, only until the children are grown and debts are paid. Another type of insurance should continue for life, to provide ongoing income, emergency funds, estimated estate taxation, and payment of funeral expenses. Younger families with higher debts/mortgages and young children may need more life insurance in the first 20 years.