Insurance | Life Insurance
At times, we tend to think more about the negatives associated with insurance, such as losing a loved one. That’s understandable. However, there is a positive side to insurance that we need to remember. You’re buying more than a policy and a piece of paper. You’re buying a replacement income. Here’s why. The average Canadian earns about $3,000 per month. Over a 40-year working life with annual increases of five percent, that person would earn more than $4.3 million.
Imagine your spouse having to make mortgage payments, pay living expenses, get your children through school, and prepare for retirement when the earnings expected from your job are cut short. Obviously, it’s not going to happen without some major sacrifices and struggle. Your ability to earn an income is clearly valuable to you, your spouse, and your family.
Insurance works to replace the income that your family would lose if you were to die unexpectedly or were disabled and unable to continue working. With the proper amount of insurance, you’re making sure that the money you intend to earn in your working life will be there for your spouse or family to use.
- Disability Insurance
- Critical Illness Insurance
- Long-Term Care Insurance
For more information about personal insurance services, please follow the link to LCU Financial.
