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Why 30 years old need life insurance?

I came across an interesting article that talks about why an individual should seriously consider life insurance when they reached the age of 30, especially when they have dependents. Below are some questions that worth taking a look.

  • Do you have debts your family will need to pay? (i.e.: mortgage, car loans, credit card)
  • Do you have college-bound children?
  • Will your family need to replace your annual income or have an emergency fund?
  • How much do you think your funeral will cost?
  • How much money do you want to leave your heirs?
  • Is there a family business that will need financial support?

Here’s the link to the article, enjoy it!

http://www.moneyville.ca/blog/post/947787–why-30-year-olds-need-life-insurance

Samuel Li

Hi, I'm Samuel Li. I started my financial advisory practice in 2005, assisting Canadians in growing their long-term wealth while protecting their assets. One area I specialize in is servicing families with disabilities. If you'd like to explore how I can assist you, feel free to email me at Samuel@SamuelConsultant.com

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