Sunday, September 28, 2008

Term Life Insurance Quotes for Canadian Singles

Single people need life insurance too. This article I read today discusses what you need to know about term life insurance quotes for Canadian singles. Many people are under the misunderstanding that life insurance is only for older people or those people with families and dependants. The truth of the matter is that everyone can use life insurance. When you’re not insured, you put a large burden on your survivors.

Here are some points to consider:

Mortgage life insurance can be helpful to single people as well
Single people don’t want their families to have to cover their death expenses
Term life insurance can help singles cover possible medical expenses, burial plot and other affairs
Term life insurance can also help cover car loans, credit car bills or other debts that don’t disappear when you die

If you’re a single person who does not own a home, you won’t need to worry about mortgage insurance but you do have to worry about the other expenses associated with your death that people in your family will have to cover when you die.

Most singles don’t plan ahead for these types of expenses. In fact, most don’t expect that they will die and since they don’t have dependants, they may not put thought into life insurance as they should. However, if you are single and you die with debts and death-related expenses, someone will have to pay for it.

This burden usually falls to the closest family members such as parents (if they are still living) or siblings. Someone will have to pay for this and if you don’t have any life insurance, the responsibility will fall to the people closest to you who are already suffering from the loss of your life.


Post a Comment

<< Home