First and foremost life insurance creates cash at death. Therefore the answer is anyone whose death would create an economic loss. There may be a loss, but do you care enough to cover the loss.
For example, if you have a family your death means the loss of a bread winner.Insurance can be used to eliminate debts, pay costs and death and create a fund to generate an income.
If you have a business the your death will affect the company. Life insurance can be used to create a buffer fund and pay additional costs.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
The easy answer is "anyone who will pass away, and doesn't have a ton of cash laying around to cover funeral expenses and provide for those they leave behind". If you aren't in that category, then it might be best to look into it. The truth is that unfortunately, too many people are uncomfortable thinking about death, and so avoid the planning for what happens when they do. The result is financial stress on the spouse/immediate family; emotional stress for the family when the hat is passed around to help collect for the costs, and the real strain of trying to live without an income, and the drastic lifestyle changes that causes. That sounds harsh, and it is, but it is becoming more and more common as incomes dwindle and families struggle. Please consider the importance of protecting those you love from this reality. Please hit the "contact me" button, and let me help you with your questions.
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For example, if you have a family your death means the loss of a bread winner.Insurance can be used to eliminate debts, pay costs and death and create a fund to generate an income.
If you have a business the your death will affect the company. Life insurance can be used to create a buffer fund and pay additional costs.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.