Comments on: Comparing Different Types Of Life Insurance http://amateurassetallocator.com/2010/04/11/comparing-different-types-of-life-insurance/ Amateur Asset Allocator Fri, 10 Feb 2012 18:16:33 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Lorne from Toronto http://amateurassetallocator.com/2010/04/11/comparing-different-types-of-life-insurance/comment-page-1/#comment-8469 Lorne from Toronto Tue, 13 Apr 2010 14:29:03 +0000 http://amateurassetallocator.com/?p=4528#comment-8469 Some clients say they want to be covered whole life, so what's the use of term policies? well, insurance is a complex world and offers much more than a life insurance. When you are 30, your career just took off, your kids were born year ago and you hardly started paying your first mortgage, you have completely different needs than 58 year old guy, who lives with his wife, has some decent savings, his morgage is finishing and he is looking forward to retirement. While in the first case you need to protect your dependents, in the second case you want to be sure that YOU don't become a dependent. Therefore it's sometimes to switch to disability or long term care policies. That's why term life for 20-30 years makes sense. Take care Lorne Some clients say they want to be covered whole life, so what’s the use of term policies? well, insurance is a complex world and offers much more than a life insurance. When you are 30, your career just took off, your kids were born year ago and you hardly started paying your first mortgage, you have completely different needs than 58 year old guy, who lives with his wife, has some decent savings, his morgage is finishing and he is looking forward to retirement. While in the first case you need to protect your dependents, in the second case you want to be sure that YOU don’t become a dependent. Therefore it’s sometimes to switch to disability or long term care policies. That’s why term life for 20-30 years makes sense.

Take care
Lorne

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