Why having Life Insurance is important in Brampton?
Life Insurance is a safety blanket that keeps your family financially secure by giving them a tax-free lump-sum amount after your death.
The amount can be used by the beneficiary for:
- Paying off loans/debts.
- Paying funeral expenses.
- Children’s education.
- Maintaining their lifestyle and paying day-to-day expenses.
There are various life insurance plans available in the Brampton market that cater to different requirements. You need to dig deep into different policies and purchase the policy that best suits your requirement, medical condition, and financial budget. Premium paid for life insurance policy will depend upon the type of policy you are purchasing along with the benefits it will provide. A 30-year-old Canadian can get coverage worth $100,000 for a 10-year term by paying $13 per month. If you have any family member dependent on you then you surely need life insurance.
