Recently the subject of life insurance came up and so I thought I'd blog about it. Why have life insurance? Ideally life insurance is to cover the debts you owe so that when you die your loved ones aren't left with a pile of bills to pay. Opinions vary on how much you should carry and for how long. We carry term, as it is the best value for the money. We have enough to pay out our property and pay for a funeral and a small amount of living expenses. We do not carry mortgage insurance as it is very costly compared to term insurance. Prices vary GREATLY! I was surprised to learn this several years ago. To give you an idea in Canada, go to this website and plug in your postal code. http://www.kanetix.ca/term-life-insurance they will compare insurance rates for different companies.For me there was a difference of over $100 from the lowest to the highest prices! I am reminded that we will have to shop around again this year when our policy comes up for renewal! It seems every 5 years, or when you reach a new age bracket, it is best to shop around!On another note WestJet is celebrating it's birthday on Sat, Feb 28th. Historically they have had a great sale, up to 80% off! A website/blog that specializes in travel and flights is http://www.flyforless.ca/ .
A deal I spotted at Costco!
2 comments:
If you call for a Term Life Insurance Quote, you'll see that it's much more affordable than a whole life policy. You can get great coverage for a fraction of the cost.
I agree with Bianca, there are alot of Term Life Insurance Quotes that very affordable.
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