We’re all going to die. But if you’re one of these 4 types of people, you should get adulting and face your mortality head-on!
If you’re a parent, you need life insurance
As a parent, you’ve got people who are financially dependent upon you. Raising a child is no small task. It requires time, patience… and money! Don’t leave your parenting partner in the lurch with finances if you head into the sunset unexpectedly.
If you’ve got a mortgage, you need life insurance
The bank makes you carry life insurance to cover off the mortgage. To loan you the money they can insist it’s life insured—but they can’t make you buy their (lousy) coverage. Get your life insurance on your own because it will cost less and you’ll be in control of what you get.
If you own a business with a partner, you need life insurance
Life insurance is the most affordable way to buy out your partner’s family in the event they pass prematurely. Often called ‘buy sell insurance’, it’s the smart thing to do if you’ve got any sized business.
If you don’t like to give the CRA more money than necessary, you need life insurance!
If you own investment property, Registered Investments, shares of a business, stocks etc. then at death you’ll likely have a bull-sized tax bill. You can offset these taxes with life insurance. Why give it away when you can pass on your full estate? Remember—we all ride into the sunset and nobody knows when it’ll happen. Provide and protect. It just makes sense.
GiddyUp’s trusted advisors will work for you to get you the right life insurance for your lifestyle and budget. Check out our trusty tool and we’ll help you get what you need. No more, no less, no bull.