1-888-451-6133 [email protected]

Life insurance is one of the many pieces of the life puzzle which we either forget or don’t consider the need of. Yes, you don’t really need life insurance at a young age and when you have no income.

The purpose of the life insurance is to replace your income and help those who depend on it if you die unexpectedly. Those that have kids, a spouse, or even a parent, and want to have them protected, then life insurance is a must.

If you don’t already have life insurance, here are top 3 aspects that will make you understand the importance of it.

 

Your family

If you have someone depending on you and your income to fulfil all the costs from month to month, then you should probably already have life insurance. The insurance provides funds when the main source of income is not there anymore.

If you’re planning on starting a family, it’s a good idea to get life insurance before there’s a baby on the way. Life insurance is cheaper for younger, healthy people. The more you wait, the more expensive it will be.

The unexpected can happen and parents almost always need life insurance. It is the best way to make sure that your loved ones are covered and can access that money if needed.

 

You have a spouse or partner

Usually, couples plan their financial expenses together. Whether it’s a mortgage, car loan, everyday living, or retirement expenses that are covered with two incomes, life insurance is a must.

With or without children, life insurance can protect your spouse from extra costs or falling into debt even if they have their own income.

 

You earn income

There are some scenarios where families have enough liquid assets to support themselves without life insurance. If I had $10 million saved in my bank account, I probably wouldn’t consider life insurance.

While the large amount of money saved is one of the scenarios where life insurance is not necessary, it’s not something very common. For someone living paycheque to paycheque, income is still a consideration in how much life insurance to get. The more you can afford, the more life insurance you should have.

The average cost per month for life insurance is about $44.00 and it’s an affordable way to make sure that your family is covered.

We help individuals and families stay protected from the unexpected.

 

 
If interested in learning more,
Don’t hesitate to reach out to us today.
CFS wealth 1-888-451-6133 or fill out our contact form.
Let’s make sense of it all!
Share this on social:

CFS Wealth Management works with Canada’s most trusted financial institutions.
About Us

Confidently invest in your future with CFS Wealth Management. We bring together a team of experts professionals, who each provide a unique and proven approach. At CFS Wealth Management Inc. we proudly offer proven financial strategies to create, build, protect and transfer your wealth.

Products
Head Office
114 Rumsey Rd.,
Maple Ontario
L6A0W7
Monday-Friday: 9AM-5PM
Tel: 1.888.451.6133
Email: mar[email protected]

Secondary
9980 Dufferin St.
Box 20011
Maple ON
L6A4M4

Questions?
Contact us today and begin the process of unlocking your former employer pension plan today!
About Us

Confidently invest in your future with CFS Wealth Management. We bring together a team of experts professionals, who each provide a unique and proven approach. At CFS Wealth Management Inc. we proudly offer proven financial strategies to create, build, protect and transfer your wealth.

Head Office
114 Rumsey Rd.,
Maple Ontario
L6A0W7

Secondary
9980 Dufferin St.
Box 20011
Maple ON
L6A4M4

Tel: 1.888.451.6133
Fax: 1.866.410.2675
Email: [email protected]

Mon-Fri: 8AM - 6PM

Questions?
Contact us today and begin the process of unlocking your former employer pension plan today!
© Copyright 2020 CFS WEALTH MANAGEMENT INC. | Website Design by Bryka.com | Privacy Policy
Individual results will vary. CFS Wealth does not provide legal advice or offer credit repair services. If you require legal advice, you will need to consult with a licensed attorney. Individual results are highly dependent on successfully following our program and your ability to save money. Growth estimates are examples of past performance and are not intended to be a guarantee of future results. Results will vary based on individual circumstances. Please read and understand all contract terms prior to your enrollment. All testimonials, program descriptions and BBB Accreditation’s are related to or provided by our third party affiliates. Names and pictures associated with client testimonials are not real in order to protect the privacy of all clients. Information from third parties is not verified or guaranteed by CFS Wealth.