Nestor Blumwald – Protecting Your Family For Life
April 2, 2019
Having a child is one of life’s most marvelous events. There is not a better feeling and emotional feeling than welcoming a new member of the family. For this reason, there is also a huge responsibility and obligation to being a parent. That’s why a proper life insurance policy is absolutely necessary as a parent. My name is Nestor Blumwald and in this article, I will walk you through the necessity of having proper protection for your children.
Why Do Parents Need Protection?
Regardless of whether you are well off and earn income outside of home or not, have you considered the cause and effect of you or your family being diagnosed with a critical illness? Medical bills are tremendously expensive and can therefore easily hinder most people financially. You might find paying for housing, cleaning services, child care or post-secondary education impossible.
How to Alleviate Such Adversities
By getting a proper life insurance or critical life insurance policy, you can help cover these aforementioned expenses and thus, continue to provide for your family.
How Much Life Insurance Do You Need?
There are a few factors to determine this, specifically how much your family spends annually on housing, food, clothing, and other items. Also, ask yourself these questions:
- How much your family would need to cover large and limited time expenses? For example: your children’s post-secondary education.
- How much it would cost to pay off existing debts and loans such as credit cards or a mortgage?
- How much would your family need to aid you in covering your final expenses? For example: funerals, taxes, etc.
If you found this article helpful and would like to know more about how a critical illness and other life insurance policies can help protect your family, then please seek out Nestor Blumwald at Infinite Insurance or call directly at 416-720-7767
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