First we’ll look at who should have life insurance.
Who Needs Life Insurance in Nanaimo?
According to the 2011 Stats Canada census, there were 98,021 people living in Nanaimo and the age groups were as follow:
- 14.4% were 14 and under
- 66.4% were 15-64
- 19.2% were 65 and over
When you look at these stats, just about every resident needs the protection of a life insurance policy. The largest age group in the population were 15-64 and although individuals who are 15-18 don’t usually get life insurance policies, their parents do to make sure their families are financially cared for if something happens to them. They want to ensure their children maintain the lifestyle they’re used to.
A large part of the rest of this age group is young families and couples – all of which need life insurance to protect against sudden final costs and debt due to the loss of a family member’s income.
As well, the need for life insurance doesn’t end when we turn 65, or older. Many people in this age group continue to work – especially since we are living longer and healthier lives because of the advancements in technology and health research.
Nanaimo Life Insurance Brokers – How to Find us
The good news is, if you’re looking for Nanaimo life insurance you don’t have to drive around looking for a broker, because you can get life insurance online. You’ll also be happy to know that there are many advantages to buying life insurance online.
Advantages of Buying Nanaimo Life Insurance Online
With the advancement of technology, there have been many changes in how life insurance is sold; many life insurance companies and life insurance brokers sell life insurance online.
- Comfort and convenience: You can search and compare different life insurance policies from different companies.
- Pricing advantage: You can get the best life insurance pricing by researching and comparing policies and price quotes.
- Quick searching: Instead of having to go through a phone book, make appointments, go to meetings (which everyone hates) and then drive around to meet with different agencies, you just have to do a Google search.
Nanaimo Life Insurance and Last Will and Testaments
That being said, if you’re going to get your financial business in order, you should also have a will written up to make sure all the details are taken care of for you family. Although you don’t need a will to buy life insurance, it should be part of your financial personal administration plan.
At Shelter Bay Financial Corp., we understand how important life insurance is and we’re also aware that it can be complicated. To make sure all our clients fully understand what they’re buying, we offer solid reliable life insurance advice on our website.
To find out more and to get expert advice about Nanaimo Life Insurance policies, call us at 1.888.498.5288