Life insurance is an essential part of financial planning.
Becoming familiar with the basics of life insurance is the best way
to make an informed decision about buying it. Some issues to consider
are:
Who will be the owner of the policy? Life insurance proceeds are
included
in the estate of a deceased if he or she has any incidents of ownership's
in the policy.
How much life insurance do you need? The answer
to this question depends on the need fulfilled by the life insurance.
While amounts
needed to fund
a business transfer or to pay death taxes may be readily determined,
calculating the value of a human life to a family is more difficult.
Consider these
projected total earnings up to age 65 assuming a five per cent
annual increase including inflation.
What type of policy should be purchased?
There are many different ways
to meet your insurance needs. We can help
in specific areas, such as with
life, critical illness, segregated
funds and disability insurance products. Call us today!
To learn more about how Credential Financial Strategies
can help you, simply contact any of the following Credential Financial Strategies
representatives:
Jenny Dennis 236.2435 or 866.242.2435
Dani Wheeldon 445.0842
Zenon Zemluk - 306.778.5220 or 800.213.4281
Any representative will be happy to work with you to design a financial
plan that will meet your needs and goals.
Credential Financial Strategies Inc.
is a member company under Credential Financial Inc., offering financial
planning, life insurance and investments to members of credit unions
and their communities. ®Credential is a registered mark owned
by Credential Financial Inc. and is used under licence.
