14 Jun Serious sickness doesn’t have to sideline finances
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.