Back to the Home Page
 
 
Insurance
Planning

INSURANCE PLANNING

Life insurance is financial stability for you, your family, and loved ones.

A life insurance policy helps to ensure that your dependants will have the financial resources needed to protect your home and the income needed to run a household when you die.

Consider the family who has no coverage for the husband (for example) who passes away too soon. The family home may have to be sold because the mortgage payments could not be paid and their standards of living may be lost because there is one less income to provide for the family.

Life insurance is the financial protection needed to provide what is needed when it is needed most.

The number one reason why people purchase life insurance is to replace income that will be lost with the death of a wage earner. Another benefit of life insurance is that the proceeds are tax free when paid out.

This means that the government would receive no income tax on the money paid to a beneficiary.

100% of the death benefit is paid to the beneficiary to use or invest as they please. Life insurance plays an important role in estate planning, cash accumulation, retirement planning, and the transfer of wealth to your beneficiaries.

We here at David Hinds Financial can help you to determine the proper amounts of coverage needed and the best type of insurance to meet your needs. The more common insurance policies we can help you with are:

  • Term life insurance
  • Mortgage coverage
  • Whole life insurance
  • Universal life insurance
  • Critical illness insurance
  • Disability insurance