Life is full of changes, and many of them necessitate revisiting your insurance policies to ensure you're adequately covered. Here's a guide to key life events that might require an update to your insurance coverage.
Relationship Changes:
Are you planning to move in with someone or tie the knot? If your partner relies on your income, it's crucial to update or purchase a
life insurance policy to protect your shared future.
Employment Shifts:
Working in a high-risk industry? Make sure you have robust life, disability, and
critical illness insurance to protect your loved ones. Or, if you're nearing retirement, consider adjusting your coverage to bridge any gaps between provincial health benefits and workplace
health plans.
Home Equity Considerations:
If you have significant equity in your home, a term
life insurance policy is often a more cost-effective and beneficial choice compared to mortgage insurance.
Travel Plans:
Travel plans on the horizon? Changes in health or travel arrangements necessitate a comprehensive
emergency medical travel insurance policy, as relying solely on workplace or credit card travel coverage could lead to financial shortfalls.
If you have any questions or need assistance with your changing insurance needs, please contact us at
[email protected]