Last Up Dated on: July 24, 2006
Custom-tailored Insurance Analysis
"I
already have insurance at work."
Many jobs offer some form of group life insurance. Often, this insurance
is an employee
benefit provided at no charge, or for small co-pay. Knowing that this
coverage exists
may convince someone that he doesn't need to discuss personally owned life
insurance
with an agent. That could be a mistake.
Most forms of group life insurance are limited in amount. That amount may
be tied to a salary or some other benchmark, but often there is a cap.
That cap may be dangerously
low
for your family's needs should you die. In fact, without a needs analysis
(which I'll
be
happy to provide, free of charge); it may be completely unrelated to needs
at death. In
addition, the amount of group insurance offered is almost always reduced -
and sometimes dramatically - when you retire.
Especially today, there is the very real possibility that you could lose
your job. Or that your benefits could be reduced. In either case, you can
find yourself without coverage.
If
your health has changed in the meantime, you can find yourself out of
luck.
While group life helps, it does not replace the need for individually
owned life insurance.
I'll be happy to meet with you and provide a free, custom-tailored needs
analysis, so that
you'll know exactly where you stand. Please give me a call at
519-979-6972.
Stewart Burk, FIC
Fraternal Adviser
Phone: 519-979-6972
Fax: 519-979-8645
Email: sburk-ins@cogeco.ca
