Take control of your future by creating a Financial Plan that best suits your needs.  Insurance is essentially shifting the risk of to the insurance company in exchange for a premium. With so many options available, it is sometimes more important to choose the right mix of products rather than chasing the best rates, as they are all quite similar when dealing with a broker.  

Depending on your stage in your life, a solid and well balanced  plan consist of Life, Disability, Critical Illness and eventually, long term care insurance.

Life insurance should be your first priority if you have children as the proceeds can go toward replacing your income.  If you have a mortgage or other debt, then you need to include this debt when calculating your overall needs.  Many lenders offer Mortgage Insurance when buy a home however there are much greater benefits in an individual Life Insurance policy.  In most cases, we recommend one policy that covers four key elements, Liabilities,  Income, Final Expenses and Education funds.  The Life Insurance page explains in further detail.

Disability Insurance should be the second priority in protecting your ability to earn an income however you do need to be employed or self employed to qualify. If you’re single and without debt, then your biggest concern is Disability first, followed by a Critical Illness plan.  For a stay at home partner where disability protection is not an option, Critical Illness is the recommended protection since it does not require an income to qualify.

As you age, your needs for insurance will change.  When your children have left home, your debt should be reduced and your income at it's highest.  At this stage your need for Life Insurance is reduced to cover only  the final estate taxes and funeral costs, and your need for Critical Illness and Long Term Care become more relevant however, the rates at that age are also higher thus making planning an essential throughout your lifetime.

A good Insurance plan mixed with a strong Investment Plan will help reduce uncertainties in life`s unexpected journey.

The graph below illustrates the life stages for insurance premiums to maximize protection over the long term.  You plan may differ based on your individual needs.