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Why Having an Emergency Safety Plan for Your Family is Necessary

Posted Jul 4th, 2018 in Media, General, Insurance Tips, Did You Know?, In the News, Life Insurance

Have you ever taken the time to make a safety plan for your family? If so, is insurance included in that plan?


Why Having an Emergency Safety Plan is Necessary, Youngs Insurance, Ontario

Taking the time to plan for your family.

Families across Ontario sit down to plan ahead for emergencies and they usually include home and car emergency kits. While most families never have to use those plans, they have invested the time to put a plan in place.

The same time and effort should be put towards an insurance plan.  Many Canadian families do not have proper or enough insurance coverage in place should an accident or illness arise.

What insurance options should you consider?

Insurance can help protect your family financially should a crisis occur. There are three main types of insurance that every family should have:

  1. Term Life Insurance – This helps to protect your financial future against any debts or helps to cover education expenses.
  2. Critical Illness Insurance – In the case of critical illness, this will allow you to focus on getting better rather than thinking about any financial obligations that may build during this time.
  3. Disability Insurance – This provides you with an income when you can't work due to an injury or illness.

Invest today for tomorrow.

Investing in insurance now will keep your family safe down the road. When it comes to purchasing insurance, it’s essential you understand what to look for. Take the time necessary to protect your family with adequate insurance coverage.

Exploring this will ensure you select the proper coverage for your family and see what insurance is best suited for the needs of your family.

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Source: https://hudsonsbayfinancial.com

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