Insurance is, and has always been, a tool to manage risk. If you cannot afford to 'lose' something, it is best to insure it. As with many other financial situations, there are various solutions designed to protect against financial losses. The five types of insurance everyone should have are:
Life insurance, including mortgage or creditor insurance, is a key tool in your financial arsenal. This article will provide a high-level overview to help you better understand your choices when considering life insurance as part of your overall financial strategy.
Life insurance, at its core, protects the standard of living of loved ones left behind after someone passes away. While you pay for it (similar to car insurance), the benefit goes to other people.
Investments are provided through Worldsource Securities Inc., sponsoring investment dealer and a member of the Canadian Investor Protection Fund (www.CIPF.ca) and of the Canadian Investment Regulatory Organization (www.CIRO.ca).
*Insurance solutions including segregated funds, referenced on this website, are not provided through Worldsource Securities Inc. and are offered through the advisors, Taylor Burns and Raymond Burns, separately. Worldsource Securities Inc. does not oversee nor assume responsibility for insurance-related activities conducted by the advisors outside of Worldsource Securities Inc.
