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MANITOULIN FINANCIAL
LIFE INSURANCE
Life Insurance is the foundation of income protection, creating the groundwork for years to come. At the passing of the insured, a Life Insurance policy ensures that a monetary death benefit is paid. This money can be used in a variety of ways, such as to pay off debt, add to RESPs for children, protect a mortgage, or provide supplemental income for a spouse and family.
There are several different reasons that people should have Life Insurance, therefore it is important to review your insurance policy and to be aware of coverage. If there is a major life change, like the birth of a child, purchase of a home, or substantial raise at work, reviewing a policy is important to ensure adequate coverage is still in place.
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