People plan so much for their families but one thing they commonly ignore is the protection. Nobody likes to think regarding dying, but how your family would cope if something unfortunate happens to you. Therefore, for people with kids, life insurance is a must.

1. Things Many People Don’t Know
About Life Insurance

2. People plan so much for their families but one thing they
commonly ignore is the protection. Nobody likes to think
regarding dying, but how your family would cope if something
unfortunate happens to you. Therefore, for people with kids,
life insurance is a must. In this article, we will talk about few
important things that many people don’t know regarding life
insurance.

3. Don’t delay it:
The quicker you take life-insurance coverage the better, as the healthier
and younger you’re, the cheaper your premium will be. Keep in mind that
if you are a smoker or have serious health issue you’ll pay more, as you’re
at a greater risk of passing away early. However, the important thing here
is that you’ll still be eligible to have insurance cover.

4. You still require cover even if you’re not earning:
The worth of a stay-at-home dad or mom should not be undervalued- Legal and
General estimates that it’d cost £30,032 per year to reimburse for the work they
accomplish. Hence, if one individual in the family presently stays at house to take
care of the kids, you should think about having insurance for them as well, as if they
were no longer available, the other partner would have to sponsor childcare expenses.

5. Check out existing benefits prior to purchasing
cover:
Before purchasing life-insurance, check out if
you’ve any active benefits with your company,
for example, Death in Service coverage, so that
you don’t end up disbursing for more cover
than you actually requires.
You can purchase cover for a set term:
Also known as term assurance, term life insurance
is the most fundamental figure of life-insurance
and the most affordable as well. It gives you
coverage for a fixed period, usually the time-span
of your mortgage or until your kids have finished
their study, and compensate a big amount of cash
if a person passes away at some stage in the
policy term.

6. So, don’t ignore life insurance, ensure your family is sufficiently protected. Last
but not the least; compare premiums online to get the right cover for yourself.

7. CONTACT US FOR MORE INFORMATION REGARDING
OUR SERVICES AT
641 Ebby Avenue.
Winnipeg, Manitoba,
R3M 2G8
Phone:(204) 415-2409
Fax:(204)-415-2873
Email: info@cbsi.ca
4 Robert Speck Parkway, Suite 1500
Mississauga, Ontario
L4Z 1S1
Phone:1-289-805-4560
Fax: 1-888-423-6434
Cell: 1-647-216-3949
Toll Free CALL 1-888-423-6434
http://cbsi.ca/