Life insurance can help your loved ones deal with the financial impact of your death.

The death benefit paid from a life insurance policy is a tax-free, lump-sum amount that can replace your income so your family can maintain their standard of living or provide for your children or dependents. It can also be designated to pay off expenses such as funeral costs.

You may have forgotten about a life insurance policy that was paid off long ago. Sometimes a policy was purchased from a company that no longer exists. Some employer life insurance policy Agreements have payouts available even after a member has retired.

If your insurance offers a credit guard, please make sure you qualify. Also note, many people mistakenly continue to pay premiums for direct insurance when they are past the age of insurance protection.

This is an excellent time for you to look for your insurance-related information and document it for future reference. Often, insurance is unclaimed because those left behind did not know that a policy was in place.

Many types of life insurance apply to different life circumstances, and not everyone needs life insurance. Consult a reputable broker and carefully consider your needs before purchasing.

Interested in learning more about getting your affairs in order?

Contact Daralynn to talk about a free group Zoom presentation: info@orderlyaffairs.ca 

Daralynn Wei
Owner operator Orderly Affairs
Info@orderlyaffairs.ca   or 250.658.4828.
https://orderlyaffairs.ca

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