GETTING MARRIED?
Consider buying life insurance

Congratulations, you're getting married!

You have chosen the person you want to spend the rest of your life with and now you are making plans.

Your marriage will unite you and your spouse in many important ways including your finances. You are now financially responsible to your partner. You may have debts or you may be planning to buy a home or start a family. Whatever your plans, you have probably spent some time budgeting for the future as you start your new life together.

But, what is the one thing that your financial plan depends on? Income! Without the income, your plans, your dreams and your financial security may come to a crashing halt.

Consider what would happen should you or your spouse pass away prematurely. The income is no longer there, but the debt and the needs will be! This responsibility to your partner must be addressed. You can do this by making sure you have a current will and proper life insurance.

Let's face it, we all know we are going to die someday. Still, we don't like to admit it or plan for it, so most of us put off arranging our wills or buying life insurance. There are many reasons for this…perhaps we believe we can delay the inevitable, or like most of us, you think life insurance is not the most thrilling topic. It isn't. But, it can offer you peace of mind… and, imagine the scenario if you don't take care of things.

It's not usually the cost of the insurance or the cost of drawing up a will that prevents us from having them in order …it's simply procrastination or fear. However, the importance of a will and proper insurance cannot be overstated.

Some people think "I'm young, I'm healthy…I don't need life insurance." But, this is precisely when you should be considering it. Your premiums will be low because of your age and you will be more likely to be approved because you are in good health. In fact, it is not just money that buys life insurance; it is your good health. Are you going to be in good health in the future?

The purpose of life insurance is to protect the "quality of life" of your survivors. Life insurance is for them, not you. It is meant to ensure sufficient financial resources available to meet the needs of your family.

Speak to your life insurance professional today. They can assist you in determining your needs and ensuring your family's future is protected.

Denise Ray, Insurance Representative
SISIP Financial Services, Petawawa & Kingston

This article is for general information purposes only and is the opinion of the writer.