Serious sickness doesn’t have to sideline finances

Serious sickness doesn’t have to sideline finances

Tax planning in Vancouver

Younger people may need critical illness protection more than life insurance…

Most 20- and 30- somethings may not think a lot about insurance. If you are young, healthy and low on savings, you may not feel that it is a priority, especially if you haven’t started a family. But it could be important for you – and the kind of insurance that makes sense might be surprising.

Traditionally, the first policy many people buy is term life insurance. It’s a straightforward, affordable solution that pays a tax-free lump sum to a beneficiary upon the death of the insured. But over the next few decades Canadians in their 20’s and 30’s are more likely to be diagnosed with – and survive – a critical illness than to die.

To continue reading this article by Manulife click here. Please call Harry or David with your insurance inquires.