Term Insurance – An Inexpensive Way to Add Peace of Mind

Jon Glougie

May 7, 2021

As interest rates have continued to fall over the past few years, Canadians have continued to help themselves to more and more borrowed money. Household debt levels continue to climb, and yet many Canadians continue to leave some of this debt uninsured. This can potentially leave their family(ies) and financial plans at risk.

Nobody wants to imagine dying, but one of the most important pieces to the financial plan puzzle is to try and understand how your passing may affect your loved ones. You may have enough in your savings/investments to give you the peace of mind knowing that your family can survive in the event of your passing. If you do, you’re welcome to stop reading. If you don’t have enough saved/invested, or if the thought of your demise and how it may negatively affect your family keeps you up at night, you should keep reading.

Consider getting a Term Life insurance policy. Term insurance is relatively inexpensive, and it is a perfect way to ensure that you will be able to protect your income, your debt, or any other short term needs. It won’t break the bank, allowing you to use the majority of your cash flow on the less depressing aspects of your financial plan.

If you want to explore your Term Life insurance options, just let us know and we’d be happy to help.