Life Insurance Vancouver | Plan For Your Future
Many people may think that planning for the future does not mean having a life insurance Vancouver plan. They think that they need to put money into their retirement savings. And that they need to save for a down payment on a home.
Or that they are saving money for vacations, and for their children’s post secondary education. There always seems to be something to spend money on. Or save money for, and not a lot of people want to think about.
Saving money for an unthinkable tragedy. That may not even happen in their future. However, for many Canadians the unthinkable is a reality. And every day, something tragic happens. Leaving families reeling from the loss.
Life insurance Vancouver ensures that people will have. A way to move forward, if the unthinkable happens. First of all, if someone passes away unexpectedly. Their family is not only going to need to replace the loss of income.
Since most Canadian families require two incomes. In order to survive. But also, they are going to need to pay for the funeral arrangements. That are going to inevitably need to be made.
However, Thomas Chan says the unthinkable is not always an untimely death. The unthinkable can also be an accident, or a health concern. That causes someone to not be able to work any longer.
Then, not only will they need to replace the loss of income. But also, they will likely need medical treatment. In the form of therapy, hospital visits and medication. Not only can this be expensive, but it may last for years.
Therefore, having life insurance Vancouver plans can ensure. That family can not only survive. After the unthinkable happens. But they will be able to thrive as well. A common scenario is that many people do not think.
That they need to save money for life insurance. Because they do not think it is going to happen to them. However, Thomas Chan says nobody regrets having life insurance Vancouver plans.
People only regret not having them when they need them. As well, another reason why people do not think they need life insurance. Is because they believe that their parents, children. Or their spouse will be able to care for them.
However, this is not a good idea. To plan on a future, that is out of their control. Children and parents may not be financially stable. Dealing with their own financial uncertainties. And, people may not have a spouse.
Due to the skyrocketing divorce rates. Being at almost 50% for Canadians. As well, Thomas Chan says people should not plan on their spouse supporting them. Because there spouse is most likely, if they have one.
Going to be working, even more than they ever were. To replace the loss of income. And they will not have the ability. To take care of a sick or injured significant other.
Life Insurance Vancouver | Plan For Your Future Today
People may not even think about life insurance Vancouver. Until it is too late says Thomas Chan. It is unfortunate, but nobody wants to think about. A future that may not even have been.
Most people do not even put enough thought into retirement planning. And they know that they are going to want to retire one day. Therefore, thinking about an accident or a death that may not happen.
Is something that not a lot of Canadians put time and attention into. However, it is very important that they do. Because most Canadian families require two incomes. In order to survive, and if the unthinkable happens.
Such as one spouse passing away. Or, becoming sick or injured. And not being able to work, it is going to drastically impact. The family anyway, and that is where life insurance Vancouver comes in handy.
As well, it is not just the loss of income that people need to plan for says Thomas Chan. If people are sick or injured, they are likely going to need. Medical treatment, that may or may not be extensive. There also going to need hospital visits.
And medication, that also may or may not be covered. By health insurance. As well, if a person passes away unexpectedly says Thomas Chan. They not only have to replace the income. But they are also going to have to pay.
For funeral, or at least end-of-life expenses. Such as cremation, even if they do not plan on having a funeral. Rather than not thinking about this. And leaving the family in the lurch.
Thomas Chan says it is far better to put a little bit of thought into this ahead of time. And ensure that things are taking care of, if the worst happens. In fact, some people think that it is not worthwhile to put together a savings for.
Life insurance Vancouver, because they do not think. They have enough money to do so. There often spending money on more urgent matters. Such as saving money for their children’s education.
Paying bills such as mortgage. Or saving money for household repairs. However, Thomas Chan says even a small amount of money. Saved from a very early age. Can grow very quickly. And since people are not likely.
To need to use life insurance until they are in their forties, fifties or sixties. It can grow very quickly. As long as people start early. Rather than thinking that they are going to have time in the future. To save a larger amount of money. Because that time never seems to come.
Thomas Chan says people should get into the habit now. Of saving a little bit of money every paycheck. And then, watching that money grow over time. Hoping that they are never going to need to use it.
To put together the right life insurance plan for your family today. Call Thomas Chan, and his team for a life insurance Vancouver.