Who Needs Term Life Insurance?

Term life insurance is essential for anyone who has people depending on their income. If any of these scenarios apply to you, you should consider getting covered.

New Parents

Protect your growing family and ensure your children's future is secure, even if the unexpected happens.

Homeowners

Make sure your mortgage is covered so your family can keep their home no matter what.

Parents Planning for Education

Ensure your children can afford college or university, even if you're not there to provide for them.

Primary Income Earners

Replace your income to maintain your family's standard of living and cover daily expenses.

Married Couples

Protect your spouse from financial hardship and ensure they can maintain their lifestyle.

Business Owners

Cover business debts and provide for your family while ensuring business continuity.

Dentists & Professionals

Protect your practice and family with coverage tailored to high-earning professionals.

Key People & Buy-Sell

Secure your business partnerships with key person insurance and buy-sell agreements.

Debt & Loans

Ensure your debts don't become a burden on your loved ones if the unexpected happens.

Divorce & Child Support

Guarantee child support and alimony obligations are met, protecting your children's future.

Newcomers & Immigrants

Build financial security in your new home while protecting family here and abroad.

Special-Needs Dependants

Ensure lifetime care and support for dependants with special needs through proper planning.

Common Questions About Coverage Needs

A common rule of thumb is 10-12 times your annual income. However, consider factors like your mortgage, debts, children's education costs, and your family's ongoing expenses.

You might still need coverage to cover final expenses, outstanding debts, or to leave something for aging parents or siblings. Plus, getting coverage while you're young and healthy locks in lower rates.

Choose a term that covers your major financial obligations. For example, if your youngest child is 5 years old, a 20-year term would cover them until they're 25 and likely financially independent.

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