5 Mistakes Canadians Make With Life Insurance

Your income stops. Their bills don't. Most families leave that gap open for a quiet reason, not because they never thought about it. The first mistake is buying a round number that does not match the mortgage, debts, or the income the household would lose. A policy can look tidy and still leave the bills unpaid. The second is naming no beneficiary, or naming someone who is out of date. After a marriage, a separation, or a death in the family, the designation should be read again. A backup beneficiary matters if the first person cannot receive the money. The third is cancelling a policy before a new one is approved and in force. There can be a gap, and a new application can be declined. Do not leave the bills uncovered on purpose. The fourth is ignoring a stay-at-home parent. Childcare, meals, and the school run still cost money when there is no paycheque. The fifth is waiting. A house, a baby, or a new job does not pause the bills. The longer the gap stays open, the longer their bills have no plan. This is general information, not a recommendation. Close the gap today. Send your name, email, and phone, then book the call. We will never sell or distribute your personal information.