LSM Insurance President, Chantal Marr, was quoted by CTV News’ Chief Financial Commentator, Patricia Lovett-Reid on Canada AM. Pattie shared Chantal’s top 5 reasons why someone with dependents should buy life insurance.
High net-worth individuals are a key demographic when it comes to life insurance. However, with their complicated financial investments and riskier lifestyle, their life insurance needs can be very complex.
The cost of life insurance increases as you get older. It is also more expensive for people with less than perfect health. Even if you are in perfect health today, you could become ill tomorrow or your fitness level could drop, especially if you live a sedentary life. People generally become less active when they get older. Insurance companies are now launching new incentives to help keep Canadians fit and healthy longer.