Kevin Cahill, B.Sc.(Hons), CFP, CHS, CLU, EPC
Founder, Canadian Legacy Builder
1. What type of life insurance do you own?
I own a combination of Permanent Cash Value Whole Life and Term Insurance. I am worth significantly more dead than I am alive, but I know that my debts and obligations will never outlive me. I do plan, as time evolves, to convert it all to a permanent plan, as the only effective life insurance is the one that is in force the day you die.
Every person who has ever been loved by someone leaves a legacy of some kind, but most don't know where to start or what to do. This is where Life Insurance comes in. Most of us take many basic things for granted: warm clothing, food on the table, a roof over our heads. Unfortunately, these basic necessities are not available to everyone. Yet, with insurance, I can guarantee my son will be okay financially long after I am gone.(Kevin Cahill | Founder of Canadian Legacy Builder continued...)