Here's an interesting article on the differences between Permanent and Term life insurance. Talk with you financial advisor to see which type of coverage makes the most sense for your situation. Click the link below for the full article.
Term or Permanent Life Insurance - MSN Money
Showing posts with label Life Insuance. Show all posts
Showing posts with label Life Insuance. Show all posts
Tuesday, February 21, 2012
Thursday, June 30, 2011
Have The Discussion
A recent article I came a across was somewhat timely, as I had just met with a young woman who had recently lost her husband, and his premature death was coupled with the reality that he was severely under life insured.
The situation was compounded with the fact that they had a child, and the income potential for the new widow was not going to be adequate enough to meet their needs.
It is stories and situations like that, that makes a financial advisor realize the importance and impact they can have with the recommendations they make for their clients.
Although life insurance involves having a discussion that is around the death of a loved one, I would encourage you to have it. Having it in place will make for peace of mind, and many less worries in the event something should happen.
Please read it, have the discussion, and put a plan in place.
Couples avoiding insurance talk
When it comes to communication skills, women are often considered innately advantaged. Except when the subject of discussion is life insurance.
According to a TD Insurance poll, it’s men who are driving the conversation about insurance on the rare occasions that it is broached.
Aptly titled Look Who’s Talking, the poll revealed discussing life insurance is still considered a taboo for Canadian couples. Thirty-one per cent of Canadian couples have never discussed life insurance with their partners, many of whom have children; among those who did, men led the conversation 57% of the time, as opposed to 43% women.
“It doesn’t matter who’s driving the conversation, the important thing is to talk about it,” says Dave Minor, vice-president, TD Insurance. “Considering how integral finances are to a family’s well-being, it was surprising and concerning to find that some couples aren’t talking about life insurance at all.”
The situation was compounded with the fact that they had a child, and the income potential for the new widow was not going to be adequate enough to meet their needs.
It is stories and situations like that, that makes a financial advisor realize the importance and impact they can have with the recommendations they make for their clients.
Although life insurance involves having a discussion that is around the death of a loved one, I would encourage you to have it. Having it in place will make for peace of mind, and many less worries in the event something should happen.
Please read it, have the discussion, and put a plan in place.
Couples avoiding insurance talk
When it comes to communication skills, women are often considered innately advantaged. Except when the subject of discussion is life insurance.
According to a TD Insurance poll, it’s men who are driving the conversation about insurance on the rare occasions that it is broached.
Aptly titled Look Who’s Talking, the poll revealed discussing life insurance is still considered a taboo for Canadian couples. Thirty-one per cent of Canadian couples have never discussed life insurance with their partners, many of whom have children; among those who did, men led the conversation 57% of the time, as opposed to 43% women.
“It doesn’t matter who’s driving the conversation, the important thing is to talk about it,” says Dave Minor, vice-president, TD Insurance. “Considering how integral finances are to a family’s well-being, it was surprising and concerning to find that some couples aren’t talking about life insurance at all.”
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