Life Insurance Vancouver | Plan For Your Family’s Future
Nobody wants to ever need life insurance says Thomas Chan, however life insurance Vancouver. Is extremely important to ensure. That your family can continue. If the unthinkable happens.
Whether someone has an untimely death. And they need their family to replace their income. Or if they or their spouse gets injured. Or has health concern that requires treatment. They are going to be very happy they have.
A great life insurance Vancouver plan, that will help them. Not only replace the income. But have the money they need, to pay for treatment. And continue on in their life, without problems.
One of the most important reasons why Thomas Chan says most people need insurance Vancouver. Is because most families in Canada. Require two income in order to survive.
In fact, many people have two jobs or more. Because the expense of living is so high. Therefore, they should understand. That if something happens to them or their significant other. It can make survival much more difficult.
And nobody wants to leave behind a family. That is going to be left homeless, or unable to pay their bills. If they, or their significant other passes away unexpectedly. Therefore, life insurance is a very important insurance to get.
However, one of the important reasons. Why families do not get this important insurance. Is thinking that they do not have enough money. To make it worthwhile. Often, as soon as people enter the workforce.
They are paying for what they consider to be. More urgent financial concerns. Such as paying off their student loans. Saving for the down payment of a home. And then once they get home, they are paying for the mortgage.
As well as paying for home repairs. That are eventually going to happen, car payments. Credit card bills. And even saving for their children’s postsecondary education in the future. In fact, there always seems to be.
Something more urgent to spend money on. Then something like life insurance Vancouver versus Thomas Chan. However, more Canadians should realize. That the sooner they start putting a small amount of money aside.
The more that it is going to grow through compound interest, and make a huge difference. When they actually need it. If someone starts saving a bit of money when they are in their twenties.
They may not need to cash in their life insurance Vancouver. Until they are in their fifties or sixties. And by then, they will have a significant amount of money. That will get them through this most difficult time.
However, if they do not think they have enough money. Until they are more financially secure. And are in their forties when they start saving money. If they need to cash in that life insurance in five or ten years.
They are not going to have a lot of money. To help them out. Therefore, Thomas Chan wants to sit down with young people immediately. So that they can start putting aside a bit of money. So that they have insurance, for their family if the worst happens.
Life Insurance Vancouver | Plan For Your Family’s Future Today
There are many reasons why people do not put money aside for life insurance Vancouver. Thomas Chan says first of all, nobody wants to think about the unthinkable happening. Or, believe that it is something that is always going to happen to someone else.
However, the unthinkable is a reality for thousands of Canadians across the country. And most of them will wish that they had life insurance. However, some people believe myths about what is going to happen.
Such as they are going to be able to count on their parents. To take care of them. If their spouse passes away. Or, if they get sick or injured. However, this is not a very solid plan says Thomas Chan.
Simply because people should not count on their future. On something that is completely out of their control. They think that they will get an inheritance from their parents. That their parents will pass away, and leave them the house.
That they will be able to live in, mortgage free. Or cell, and pay off their own mortgage. Leaving them without needing that second income. However, many adults Canadians. Are discovering that they underestimated the amount of money they needed to retire.
And therefore, are using their savings. Or, are remortgaging or selling their home. In order to pay for their retirement. If this is the case with someone’s parents, they are not going to have the finances.
To support someone, and when they pass away. There may not be an inheritance. Or a house that is going to help them overcome their tragedy. Therefore, Thomas Chan says people should not count on their parents.
Instead, put money into life insurance Vancouver plans. Another problem that many people have. Is thinking that by the time they need life insurance. They are going to be collecting Social Security. Such as Canada pension plan or old-age security.
And that they are not going to need to replace their income. Because of this pension. However, Thomas Chan says Social Security is not a replacement for life insurance Vancouver.
Especially because the Canadian government when on record last year. And said that Social Security is only designed to pay for. About of a third of a person’s household expenses. Which means if a person is unable to work and needs life insurance Vancouver.
Old age pension or Canada pension plan is not going to pay. For their income, and they will still be left. Requiring to cover the shortfall of money due to their accident or injury.
Rather than hoping things will work out in the future. Thomas Chan says Canadians can take their future into their own hands. And ensure things are taken care of, for their spouse and for their children.
People should not hope that the unthinkable will not happen. And instead, leave behind a legacy. Of a life that is taken care of. For their loved ones. That is the least that people should do for their family.