The purchase of Life Insurance Plans to provide a spouse with a continuing
income is accomplished by selecting the amount of coverage needed, the duration,
inflation factors, and projected rate of return. Your professional advisor can assist
you with determing the amount, type of plan, and structure which best suits your personal
Often over looked is the use of Life Insurance Plans to eliminate debt from
becoming the responsibility of the surviving dependants. Bank loans, credit cards,
student loans, car loans, personal guarantees, as well as, an allowance for unpaid bills
should all be considered.
The cost of an education, starting a business, a first home, or supporting a
young family can be considerable if not overwhelming.
The living or death benefits of Life Insurance Plans can assist children and grandchildren
when they need it most.
LifeCanada.Com is intended as an information and resource site for Canadians.
Professional Assistance from qualified advisors is strongly recommended prior to
implementation of any plan or concept contained within the site.