WICC Ontario (Women in Insurance Cancer Crusade www.wicc.ca) held its 14th annual gala dinner — Dream in colour — on Apr. 14, 2010 at The Westin Harbour Castle Hotel in Toronto. Attendees were treated to a kaleidoscopic live painting performance by artist Fritz Branschant. Fritz specializes in sophisticated art which he has left in 160 communities across the country as he travelled with the Olympic Torch Relay performing his show coast to coast. The painting created by Fritz at the WICC Ontario dinner was live auctioned by WICC Dinner Co-Chair Michael Butler at the event for $2500. WICC presented the Canadian Cancer Society a $300000 cheque at the event and it was announced that since the inception of WICC in 1996, over $4250000 has been raised by the property and casualty insurance industry.
Term life insurance has many advantages. Many people don’t bother to insure themselves because of misunderstandings about what term life insurance can do for them. Let’s examine some of the major reasons why people hesitate to buy term life insurance or indeed any type of life insurance.
Term Life Insurance Fable #1:
They work at home: Home workers still have to replace a paycheck and cover expenses in the event of death. They also still have to consider childcare and their children’s future education. Add the chance of long term injury because accidents can still happen at home meaning you should also look at disability insurance along with your term life insurance.
Term Life Insurance Fable #2:
They are young and healthy: The absolute best time to buy insurance is when you are young and healthy. The term life insurance premiums are cheap and lets face it, someday you will need it. The reason for term life insurance is to insure yourself against the worst-case scenario at the lowest possible price.
Term Life Insurance Fable #3:
The mortgage is paid and the children are gone: Term life insurance needs vary, but chances increase, as you get older, of losing a spouse. Again you have to look at loss of income. Also at this stage of life you have to be concerned about your estate. You will have to name beneficiaries with a Will and prepare for death taxes. As with many problems, money can be answer and one way to make sure you leave enough to provide for your family, is with term life insurance.
The Case For Term Life Insurance
When constructing a solid financial base, term life insurance is always a good investment because of its low cost. Consult your independent life insurance broker to see where you need coverage and how you can meet your financial goals through term life insurance.
Ivon T. Hughes of The Hughes Trustco Group is the author of the Life Insurance Handbook: How To Get The Best & Cheapest Life Insurance available FREE to all new subscribers at: http://www.hughestrustco.com