term-life-insurance

September Newsletter/ Benefits of Life Insurance


People may be afraid to have life insurance for several reasons:

  1. Fear of Confronting Mortality: Discussing life insurance requires acknowledging and
    planning for one’s death, which can be uncomfortable and anxiety-inducing.
  2. Cost Concerns: Some people believe that life insurance is too expensive and fear they
    cannot afford the premiums.
  3. Complexity and Confusion: The various types of policies and options can be
    overwhelming, leading to confusion and fear of making a wrong decision.
  4. Distrust of Insurance Companies: Some individuals may distrust insurance companies,
    fearing they might not pay out claims or that there are hidden clauses that could render a
    policy void.
  5. Procrastination: Many people simply procrastinate, thinking they can get it later, and
    fear the commitment involved in purchasing a policy.
  6. Health Issues: Individuals with pre-existing health conditions might fear they will be
    denied coverage or charged exorbitant rates.
    Understanding these fears and addressing them through education and transparent
    communication can help alleviate concerns about life insurance. Here are some
    benefits about having life insurance.
    Including:
  7. Financial Security for Dependents: Provides a safety net for your family, ensuring they
    can maintain their standard of living.
  8. Debt Coverage: Helps cover outstanding debts, such as a mortgage, so your family
    isn’t burdened with them.
  9. Income Replacement: Replaces lost income, allowing your dependents to cover daily
    expenses.
  10. Estate Planning: Can be used to cover estate taxes and ensure your heirs receive their
    inheritance without financial strain.
  11. Business Continuity: For business owners, it can fund a buy-sell agreement or help
    cover business debts.
  12. Cash Value Accumulation: Certain types of life insurance policies, like whole life, build
    cash value that can be borrowed against or withdrawn.
  13. Tax Benefits: Death benefits are usually tax-free to beneficiaries, and cash value
    growth in permanent life insurance policies is tax-deferred.
  14. Peace of Mind: Provides peace of mind knowing your loved ones will be taken care of
    financially in the event of your passing.

April Newsletter/ Who can qualify for life insurance in Canada?


Life insurance is a good idea if someone financially depends on you, like your
spouse/partner, kids or aging parents.


Is worthwhile investment if you have people that rely on your financially or a lot of
debt that could be potentially passed on.
Is worthwhile investment if you have people that rely on your financially or a lot of
debt that could be potentially passed on.
Consider which people in your life would benefit from a life insurance policy, but also consider

the policy length that would benefit your the most.
If you are a new immigrant to Canada, you do not have to worry. Permanent residents, refugees with Convention refugeestatus, and people with work permit is valid are all eligible for life insurance. In some
cases, certain restrictions may apply.


Canadian citizens are more than welcome to apply for life insurance.
The average cost of life insurance in Canada ranges between $15 to $100 per month, depends in what kind of coverage, your age, and your health.
What Happens If You Have No Life Insurance? Those without life insurance may pass away with financial obligations such as debts and unpaid bills that become the responsibility of their heirs. Their heirs would also need to pay for your final expenses out-of-pocket.


I’m happy to help.
For more information visit my LinethOrea | Instagram, Facebook | Linktree or call me at (647) 823-1053 to get your FREE consultation today.
Best Regards, Lineth Orea