Maybe you are one of those people who sees life insurance as an endless money pit with no immediate benefit. After all, what exactly are you paying for? It can not be seen or grasped in your hand. For people like you, the question immediately becomes — Why Buy Life Insurance?
Life insurance is a selfless and intangible asset. Life insurance proceeds do not benefit the insured, and the benefit cannot be seen. Having said that, life insurance can impact the lives and well being of your family for generations. The proceeds from a life insurance policy are paid out TAX FREE and the reasons to buy life insurance are numerous:
1. Replace lost income. Should the insured die and have a spouse and/or dependents, large amounts of money are needed to replace this lost revenue.
3. Final expenses. Final expenses can range anywhere from $10,000.00 to $25,000.00
4. Estate preservation. Life insurance can be a great tool for offsetting taxes on a RRSP, RRIF or other non registered investment including stocks, a cottage and investment property.
5. A tax shelter. Life insurance holds many unique tax advantaged features.
For more details, please contact us at 1-866-899-4849 or visit our Instant Quote Link.
Jack of LSM Insurance is one of the very few honest and knowledgeable insurance persons out there. My wife, Farzana and I were shopping for insurance back in 2006 when we came across LSM Insurance and Jack. He gave us all the time we needed and went through the various options in great detail and answered all questions to our satisfaction. In 2009, we were blessed with a baby girl and have since purchased a second policy through LSM Insurance. Jack is very passionate about his job and and is truly the "LIFE MAN".
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