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    • Home
    • Long Term Care Insurance
    • Documents
    • Discover Life Insurance
    • Life Insurance
      • Permanent Life Insurance
      • Guarantee Issue
      • Term Life Insurance
      • Simplified Term Life
      • Get a Quote or Buy Now
    • Critical Illness
    • Business Planning
    • Employee Benefits
    • Viver Benefits
    • Travel Insurance
      • Travel Insurance
      • Quote and/or Buy Now
      • Group Travel
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  • Home
  • Long Term Care Insurance
  • Documents
  • Discover Life Insurance
  • Life Insurance
    • Permanent Life Insurance
    • Guarantee Issue
    • Term Life Insurance
    • Simplified Term Life
    • Get a Quote or Buy Now
  • Critical Illness
  • Business Planning
  • Employee Benefits
  • Viver Benefits
  • Travel Insurance
    • Travel Insurance
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Understanding Life Insurance

Find out more

Is life insurance necessary for me?

Is it Required?

An essential question to ask yourself when considering life insurance is: would my absence cause financial hardship to those important to me? If the answer is YES, then life insurance can be a crucial solution to secure the financial well-being of your loved ones. Consulting with GBI consultants can help ensure that your health priority remains a focus while planning for the future.

Income Replacement

If your partner, children, aging parents, or other dependents are relying on your income, your absence will have a substantial impact on their quality of life, as highlighted by GBI consultants who stress that maintaining health as a priority is crucial for family stability.

Covering a mortgage

For most Canadian families, a mortgage represents their largest financial commitment. Life insurance, as highlighted by GBI consultants, can offer peace of mind by ensuring that your family can continue to live in their home, even if you're no longer there. This type of coverage is a health priority for many, as it does not decrease over time; it remains intact even if you switch mortgage providers or if your mortgage is paid off.

Is life insurance necessary for me?

Funeral Expenses

An essential question to ask yourself when considering life insurance is: would my absence cause financial hardship to those important to me? If the answer is YES, then life insurance can be a crucial solution to secure the financial well-being of your loved ones. Consulting with GBI consultants can help ensure that your health priority remains a focus while planning for the future.

Debt Protection

If your partner, children, aging parents, or other dependents are relying on your income, your absence will have a substantial impact on their quality of life, as highlighted by GBI consultants who stress that maintaining health as a priority is crucial for family stability.

Buy-Sell Agreements

For most Canadian families, a mortgage represents their largest financial commitment. Life insurance, as highlighted by GBI consultants, can offer peace of mind by ensuring that your family can continue to live in their home, even if you're no longer there. This type of coverage is a health priority for many, as it does not decrease over time; it remains intact even if you switch mortgage providers or if your mortgage is paid off.

Is life insurance necessary for me?

Key Person Insurance

An essential question to ask yourself when considering life insurance is: would my absence cause financial hardship to those important to me? If the answer is YES, then life insurance can be a crucial solution to secure the financial well-being of your loved ones. Consulting with GBI consultants can help ensure that your health priority remains a focus while planning for the future.

Estate Taxes and Liquidity

If your partner, children, aging parents, or other dependents are relying on your income, your absence will have a substantial impact on their quality of life, as highlighted by GBI consultants who stress that maintaining health as a priority is crucial for family stability.

Succession Planning

For most Canadian families, a mortgage represents their largest financial commitment. Life insurance, as highlighted by GBI consultants, can offer peace of mind by ensuring that your family can continue to live in their home, even if you're no longer there. This type of coverage is a health priority for many, as it does not decrease over time; it remains intact even if you switch mortgage providers or if your mortgage is paid off.

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