Insuring Your Most Valuable Asset

The Canadian Money Roadmap

The Canadian Money Roadmap
Insuring Your Most Valuable Asset
Sep 09, 2020 Episode 6
Evan Neufeld, CFP®


EPISODE SUMMARY

This episode covers a basic overview of life, critical illness, and disability insurance so you can protect your most valuable asset.  You!

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TOPICS IN THIS EPISODE

1. Life Insurance: Pays tax free benefit upon death. Term vs Permanent. Aim for total coverage of Debt + 7x Income

2. Critical Illness: Pays tax free benefit upon diagnosis of a covered condition.

3. Disability: Pays benefit based on your inability to earn employment income. If you have benefits at work, you might already have sufficient disability coverage but double check the variables so you know what you have.

4. Creditor Insurance: Typically more expensive and less comprehensive than a personally owned policy but can be a good option if your health prevents you from getting a policy on your own.


OTHER EPISODES

12. Buying a House Featuring Kindra Sowden 

15. Mortgage Masterclass with Bud Jorgenson

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