It’s amazing how quickly a major life event can make you reevaluate your life choices.
With the passing of my mom two years ago, we started to look at everything a little differently. Our finances, our expenses, our extracurricular activities, you name it, we reviewed it.
Even though we reviewed everything, we didn’t look closely enough at life insurance. It’s probably one of the most important items as it provides that much needed financial protection when a loved one passes away.
Why did we just skim over it? Well, life insurance seems plentiful because you can pretty much have it on any and everything, from a mortgage to a line of credit. The problem is that the coverage provided is for those products only. Most people like us, forget about needing a proper amount of overall life insurance.
Typically in a workplace, employees are given 1 times or 1.5 times their annual salary for basic life insurance. If you think about your current role now and if you passed away, would 1.5 times your annual salary be of value to your family?
In my case, nope!
We are family with a sizeable mortgage and three kids. I would never want my fiancé to have to be burdened with the additional debt of our financial obligations because of something I could have easily implemented today.
I recently looked into term life insurance with TD Insurance and found that it is very affordable and can easily fit our family’s budget for as little as $1 a day. In addition, TD Insurance advisors are non-commission based, which is a huge feature for me personally.
We recently completed an online quote and I’m embarrassed to say how much more we are paying for other insurance! Time to make the switch! The online tool has a very user-friendly interface so it’s simple and easy to use.
You can get a quote and apply online at: https://lifeandhealth.tdinsurance.com/opus.aspx?oparam=LoadQuoter1
Until November 13, when you call TD Insurance at 1-888-756-5666 for a free life insurance needs analysis, you could be also entered into to win one of 300 FitbitTM Flex activity trackers!
Remember, life insurance is for everyone whether you are getting married, already married, single, with kids, without kids, working FT or working from home, or even retired.
Think about what life insurance is used for and what it can do:
- Pay for funeral costs
- Help pay the bills and meet ongoing living expenses
- Pay off outstanding debt, including credit cards and the mortgage
- Continue a family business
- Finance future needs like your children’s education
- Protect a spouse’s retirement plans
Don’t leave your loved ones stranded, take a look at your life insurance today!