What The Financial Experts Own – Shawn Bellefeuille

Posted on May 25, 2017 and updated January 22, 2019 in Life Insurance Canada News 2 min read
  
Shawn Bellefeuille life insurance expert

Shawn Bellefeuille

Certified Financial Planner, DFSIN Ottawa Financial Centre 

 

1. What Type of Life Insurance do you own?

I own some permanent insurance for final expenses and money to help my estate pay taxes upon my death as well as a large term insurance policy as I still have you children who depend on my income.

2. What factors did you consider when determining the coverage amount?

You need to do a proper needs analysis and make sure that you look at current and potential future needs. I believe that if something happens to your client you need to show up with the right amount on the cheque.

3. Do you believe in Life Insurance for Children?

I believe that insurance on children makes sense as long as the parents have the proper amount of insurance in place first. It is good to protect their insurability down the road should their health not be good enough when they need more insurance.

4. What is The Biggest Life Insurance mistake people make?

No buying enough or reviewing on a regular basis as their needs change.

5. Outside of Life Insurance what other types of individual insurance are often over looked?

I think that everyone should take a look at Critical Illness Insurance. It gives you money when something bad happens to you so you can worry about getting better rather than where you will find the money to pay bills. It relieves financial stress during a very stressful time.

Shawn is the President of Bellefeuille Financial Corporation and President of Gama Canada (2015-2017). He has been helping families with their insurance and investment needs since 2002.

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