Sure, there are all kinds of great things about being single. You can come and go as you like, you don’t have other people depending on you, you’re free to spend your money on whatever you want. And if you’re like most single people, one of the things you aren’t spending your money on is Life Insurance.
Why throw away your money on Life Insurance, you argue. You’re young, you’re fit, you’re not going anywhere anytime soon. Death happens to other people. Or at least it won’t happen to you for a long, long time.
Life does take unexpected twists and turns.
Something unplanned could happen to you.
Ask yourself this: would someone suffer financially if you died without Life Insurance in place? According to CanadianFunerals.com, burials run from $5000 up to a whopping $15,000! Then factor in any additional costs you may have needed if you were ill … such as prescription drugs, long term care you may have needed. Is the debt of your final expenses what you want to leave as a last memory for relatives? The benefits from even a small Life Insurance policy can help defray some of these costs. If you’re supporting other family members like aging parents, grandparents or siblings with special needs, Life Insurance becomes ever more critical.
Need more convincing? If you owe money on things like a mortgage, a car, tuition or a loan, Life Insurance benefits can be used to pay those down too.
Buying Life Insurance now lets you lock into a great rate.
After all, your health can change causing rates to go up. And if you trade in the single life for marriage, just add your spouse to your policy.
There’s even No Medical Life Insurance for people living
with high cholesterol, diabetes and weight issues.
For those singletons with health issues, don’t count yourself out of this conversation. Canada Protection Plan’s No Medical Life Insurance is a great option: there are no medical tests or doctor’s visits required and you can get approved right over the phone.
Don’t have a beneficiary to name on your policy? Designate the proceeds towards your favourite charity. Talk about ensuring your last deed is a good one!
Just remember, like most things, one size doesn’t fit all. So be sure to call 1-877-851-9090 or one of 22,000 Licensed Insurance Advisors for a free no obligation quote and find the insurance plan that’s right for you.
