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South Coast Financial ServicesWe care about your financial self defence ... shouldn't you? |
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Dear Visitor,Something we don’t like to talk about Life Insurance!The Covid-19 pandemic we are going through has taken many lives of both young and old. You may know of someone who has lost a family member, their family may have been left with major financial problems. This is something I am sure you would not want for your family. Here are 2 stories of families who suffered the loss of a family member, one with life insurance and one without life insurance: Family with life insurance A couple in their 30’s went on holiday with their young children. During their family holiday the husband had a severe heart attack and passed away. The family was devastated and had to make emergency plans to return home. Fortunately the family had life insurance on both of them. The cost of their return airfare, funeral costs would be covered by the insurance policy. In fact the policy covered any debt including their mortgage on the house along with enough money to carry on. The family went through a grieving period which is never easy however since they had talked and purchased life insurance the pressure of financial concerns was lifted from them due to receiving the life insurance money. Family without life insurance A couple in their early 20’s had 2 young children, the husband worked and the wife was a stay at home mother. She was just going to be heading out to pick the children up from school when her asthma kicked in. She was having extreme difficulty breathing and didn’t have her puffer or a cell phone with her. Unfortunately she passed away. The school called her husband because they could not get a hold of her regarding picking up the kids. When he got home he found his wife. The family was devastated and unfortunately they had no life insurance for her. The husband was forced to quit his work so he could look after his children. He also had to sell their house and move into a rented place since he could no longer afford the mortgage expenses. He had to look for housing and daycare assistance for the family so he could go back to work to get an income. Through all this he never had time to properly grieve the loss of his wife. Now these cases may seem unrealistic but it certainly is possible and I am sure you would agree that having life insurance is the better of the two cases. So why don’t we talk about life insurance, here are some of the reasons: It forces us to face our mortality Nobody wants to talk about their death but it’s a reality and we have no control over when it will happen. The best way to deal with uncertainty is to be prepared. One of the preparations should be life insurance to give us and our family peace of mind should the unexpected happen. We don’t benefit from life insurance directly We don’t actually get any benefit from paying for life insurance like we do from paying for our car or house insurance. But actually we do benefit from life insurance, it will give peace of mind that our family will ultimately be protected. We think it’s too expensive Many people over estimate the cost of life insurance and in some cases it can be expensive. Also the older you get the more expensive it gets along with the possibility that you may not even be able to get adequate coverage due to a medical condition. Let us help you by finding out the actual amount of insurance you need and what the cost will be. We will do a complimentary Financial Goals Analysis which will not only help you with your life insurance needs but assist you in savings for retirement, children’s education, debt management. It is a financial goals road map to help you plan your future. We don’t understand This is totally understandable since there are several types of life insurance, Term, Whole Life and Universal Life. In addition, how much life insurance do you really need, if you have insurance are you over or under insured. Also important is the cost, which company will provide me the required coverage at the best price. Our Financial Advisors are all licensed and through our Financial Goals Analysis they can provide you the best solution at the best price from the several insurance companies we represent (Assumption Life, LaCapitale, Industrial Alliance, Canada Protection Plan (CPP) to name a few). We are a young couple As a young couple there are so many costs and activities going on in our lives like buying a house, mortgages, starting a family, etc that we don’t have the time to look at life insurance. But it is something we should not be ignoring. It provides protection for our families so they can carry on if something unexpected happens and pass on, it also provides peace of mind that our family will be locked after should this happen. We are empty nesters and have nobody depending on us This may be the case while we are living but at death, it is a different story. There is the cost of our funeral which could be from $10,000 to $25,000 and would our children be able to afford this. There may be outstanding debt that needs to be paid or estate taxes (probate) on our estate before it can be used to pay for these expenses. Hopefully this has triggered some things for you to think about and determine if your family is protected. If not or you want a second opinion then contact us and we will be glad to be setup a time to meet for your complimentary Financial Goals Analysis. We can do this in person in the comfort of your home or if we don’t have an advisor close to you we can conduct the meeting on-line. We provide services in all these areas: Income ProtectionDebt ReconstructionInvesting for the FutureWills & Powers of AttorneyTravel InsuranceGroup BenefitsShould you desire more information in any of these areas contact us, our contact information is below and we would be glad to setup a time where we can sit down and discuss things with you.
Also make sure you book your appointment for your complimentary, comprehensive and confidential Financial Goals Analysis. The analysis can lead you and your family to your financial goals and dreams!
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We care about your financial self defence ... shouldn't you?
We are able to meet with clients new & old
through on-line meetings or via the phone.
We can do applications with electronic signatures.
We normally meet at your home where you are more comfortable but due to Covid-19 we can meet with you virtually over a web meeting or via the phone.
We get to know you and you get to know us
We collect information about you to perform a complimentary, confidential Financial Goals Analysis
We book a follow up appointment to provide with a road map to meet your goals and dreams
We present to you a detailed presentation outlining the following:
Your net worth
Income protection / insurance requirements (life, disability & critical illness)
Your financial independence number & retirement saving needs
Saving for your children's education
Debt reconstruction
We follow up with you regularly
When you receive your investment statements
When ever you have questions
When you find you need to make changes to your "Financial Road Map"
