Legacy Life Insurance

12/25/2023

Wishing you all a very happy holiday season!!

09/27/2021

Three Myths and Truths about Life Insurance

Myth 1: Life insurance is unnecessary.
For most people, this is not true. If anyone relies on you financially, like a spouse or child, or if you have debts like a mortgage, then chances are life insurance is a good idea. By having the financial safety net of a life insurance policy, you can ensure that your funeral arrangements are covered, debts are paid off, and your family’s day-to-day (and future) needs are taken care at a time that is sure to be difficult.
Myth 2: I’m young and healthy and don’t need life insurance.
The fact is you’re not insuring for what’s likely to happen but instead, for the worst-case scenario. That’s why life insurance is generally inexpensive for young, healthy people. Additionally, it could be argued, that being young and healthy is a good reason to take out a policy now. Life insurance rates will likely be the cheapest they’ll ever be, and buying now lets you lock in premiums for years (if not decades) to come.
Myth 3: I have life insurance through my employer and it’s enough.
Your group life insurance policy through work may not be enough to adequately take care of everything you’d like it to cover. Many employer-paid policies only offer two or three times your salary in protection; however, industry insiders will typically suggest that you have at least five times this amount. Another factor to consider, is what happens when you leave your place of employment, will your coverage follow you?
Article courtesy - https://www.insurancehotline.com

09/10/2019

Better Mortgage Insurance covers your loved ones should the unexpected happen. You can use it with any bank, your coverage doesn’t shrink as you pay off your mortgage, and your family receives the payout, not the bank. Learn more...

04/19/2019

Life insurance is more important than anything else for a young family in Toronto. Also, if you already have an insurance and your family situation changed, got married, had a new addition to the family, It is time to revise your coverage!! Contact us for more information.
https://toplifeinsurancecanada.com/
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