Send us a text

Planning for your financial future requires more than just saving money - it demands strategic protection against life's unpredictable challenges. As we explore in this enlightening episode, insurance planning evolves through different life stages, each requiring specific protection strategies.

Young families with mortgages and dependents often benefit from term life insurance, providing substantial coverage at affordable rates. But that's just the beginning. Critical illness insurance has become increasingly essential as diagnosis rates climb among those under 45. Many people mistakenly believe their employer-provided coverage offers sufficient protection, creating dangerous vulnerabilities if they change jobs or if their employer modifies benefit programs. Personal insurance policies provide continuity regardless of employment changes.

The conversation deepens as we examine how insurance needs shift with age. Critical illness coverage can be secured until age 75 or 100, with premiums locked in at purchase. For those approaching retirement, long-term care considerations become paramount, especially for conditions like Alzheimer's or dementia. Participating whole life insurance can serve dual purposes - providing death benefit protection while building cash value that might later help fund long-term care needs.

Government benefits like CPP and Old Age Security provide baseline support, but rarely sustain the retirement lifestyle most Canadians hope for. This underscores why personalized insurance planning matters - there's no one-size-fits-all solution. Your family history, retirement dreams, travel plans, and health considerations all influence the optimal protection strategy.

Ready to secure your financial future against life's uncertainties? Contact me at info@nwninc.ca to develop a personalized insurance and retirement strategy that evolves with your changing needs. Because ultimately, money is for you - to provide security, peace of mind, and protection through every life stage.

Visit Amazon to purchase "My Farewell and Final Wishes" planning book to help organize your estate information in one place.

https://www.amazon.ca/Farewell-Final-Wishes-Organizer-Important/dp/1778203507/ref=sr_1_1

For more information, feel free to contact us at https://nwminc.ca/
Or follow us on our social platforms:

YouTube https://www.youtube.com/ ⁨@moneyis4u⁩
https://www.linkedin.com/in/jacqueline-correia-1b417727/
https://www.instagram.com/notablewm/
https://www.facebook.com/nwminc.ca

Follow us on all streaming platforms:
https://open.spotify.com/show/2dIwP2K2wBOFEfvJzNuXDo
https://music.amazon.com/podcasts/5a372120-38ef-4655-b650-c4c756265d86/moneyis4u