“Get Rich in Mind, Wallet, & Spirit.”
Single people, why do you need life insurance?
Most people believe life insurance is for those who have a spouse, common-law partner, or child. However, single people need it for various reasons. Did you know that some people are caregivers for their parents, want to be able to come to the aid of a sibling, have plans to leave money to a charitable organization? Another reason, someone has cosigned a loan and preparations need to be made to not leave the burden on them.
When should I purchase Life Insurance?
It's a lot better when you're young and healthy, it is the best time to secure your insurability and at an affordable rate. If you are an entrepreneur or a business owner, or a business partner you definitely need to consider protection against any liabilities, injury, or anything that will result in the loss of income affords your business partner the opportunity to afford to hire someone in place of your absence. Remember, you are your sole provider and you don't want to deplete your savings if you have any to take care of what could have been safeguarded with Critical Illness, Disability, or Liability insurance.
Additional Benefits
In Canada, there are tax advantages when investing in a permanent life insurance policy. Such a policy has the opportunity to grow your money through investing in the stock market and the growth on your money is not taxed. The face amount of your life insurance policy is given to your beneficiary tax-free. Now is such a beautiful thing, an entryway to building a legacy and financial freedom.
Learn More
Book a one on one appointment to learn more about the coverage options that are available to you. The insurance industry is regulated by the Financial Services Regulatory in Ontario. As an Insurance Broker, I am able to search various companies to find a policy designed to fit your need. There is no one size fits all policy. A series of questions must be answered in order for a decision to be made.
Upcoming Projects & Products
Natalie is the creator of "Your Financial Compass Budgeting Workbook" a guide to help you gain control of your finances. This comprehensive resource can be used as a self-directed management tool or a part of one-on-one coaching sessions. Natalie uses budgeting for her to achieve her short and long-term financial goals and this workbook was her go-to when committing to paying off debt.
Consistency is key and following the 5 step process to your financial Reset will help navigate the journey. First, refocus to identify exactly what is blocking your progress. Second, acquire knowledge on what tools, products and services are available. Third, strategize how to prioritize and how things will get done. Fourth, execute and take action and measure your results, and fifth, prepare to explore the transformation process. Natalie now shares this powerful asset with you.
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