Why Do I Need Life Insurance? North & West Vancouver Life Insurance Company

 In life insurance

There are many reasons why a person may consider life insurance protection.

  • The most common reason is to provide for your family when you can no longer do so.
  • You work hard in your lifetime to make sure that your family and children can maintain a decent standard of living and have a proper education.
  • An unexpected death can financially derail all those years of hard work and planning.

While a life insurance plan on yourself protects your family, it is also typical for other family members to have a reciprocal life insurance plan that protects you in the same way.

Experts in Life Insurance North & West Vancouver

In terms of what the appropriate amount of life insurance is needed, you should take into account any outstanding mortgages, loss of future earnings and thus lost wealth, final expense, and any capital gains taxes at death.  You may also use permanent life insurance as a tax free vehicle for donating money to your preferred charity at death.

North & West Vancouver Life Insurance Company

Contact us at Venture First Advisory and we’ll help you get the life insurance that best suits you and your family’s needs. We’re the experts in helping you get the best insurance policy for with your best interests in mind.

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