I remember it like it was yesterday, even though it happened eight long years ago. Having just celebrated my baby shower – and my 30th birthday – I sprawled out in the family room, staring up at the ceiling.
“We’ll need a will,” I called out to my husband, “and an RESP…. and life insurance,” I finished, mentally listing all the things I knew I had to figure out in anticipation of our first child.
“And we’ll get to it,” he assured me, one eye on the baseball game.
That night, I lay awake in bed thinking about worst case scenarios. I chastised myself for worrying about things that were unlikely to happen, but nevertheless, my feeling of unease grew throughout the night as I tossed and turned in bed. The next morning, unwilling to put it off a moment longer, I made several appointments to get my affairs in order before our baby arrived. A will was drafted; an RESP was created; life insurance was purchased. I felt ready for the birth of our child.
(But, ready for motherhood? Never. That’s a whole other story!)
Significant milestones, like the birth of a baby, are the perfect time to re-evaluate your financial and insurance options. When one is anticipating life, I know it can be difficult to think about anything else. However, in the past few years alone, the passing of a few friends has been a grim reminder of how precious life is… and how life goes on, for children, spouses and even parents.
Here’s what to look for when considering life insurance:
– Seek advice you can trust from non-commissioned advisors. They’re most likely to have your best interests at heart if they’re not looking to take a piece of the pie themselves.
– Opt for straightforward coverage that fits your needs and budget. Select an affordable plan that provides adequate coverage for your debts, lifestyle and future expenses.
– Ask whether you can qualify for a lower rate. Some companies offer a discount if you have both life and auto or home insurance with them.
– Often, we have second thoughts about the plan we’ve chosen or level of coverage available. Select a plan that offers a 30 day review period to ensure you’re satisfied. That way you won’t have to worry about making a rush decision.
– Choose a reputable insurance company. Today, more than 4 million Canadians trust TD Insurance products for their insurance needs.
Is it time to consider insurance that fits? Click here for a quick and easy quote.
If you’re in the Greater Toronto Area, TD Insurance will be at the BabyTime Show at the International Centre in Mississauga this weekend (April 22-24, 2016). Stop by the booth to chat with TD Insurance representatives and have a chance to win a $5,000 cash prize, plus numerous instant win prizes!
This post was sponsored by TD Life Insurance Company, as part of their spring #InsuranceThatFits campaign. The opinions on the blog, as always, are my own.
Thanks for sharing your thoughts on the subject,there really is a lot to think about starting a family.Love the photo of the boys.
Some great tips on insurance. Life insurance is one thing we have always made sure we have had. Piece of mind.
thanks for sharing!! excellent tips that my husband and I will keep in mind when we go to pursue this for our daughters!
I have to do a will and life insurance soon.
Great post and thanks for sharing the excellent tips.
I have had life insurance since I was 20, I am now 60 but I do have to update my will, I last did it about 25 years ago
Life insurance is so important. When my died at 50 years old, if he hadn’t taken out life insurance, my mom, sister and I would have been in trouble.
Great tips and info. It’s important to review your insurance needs whenever you have changes in your life!
Great info!! I love that picture of your boys,they are so darn cute!!
La Cuisine d'Helene
I can’t get over the fact that you have two cuties. Great info!
all of this is so important. you never know what will happen, helps to be prepared
Debbie White Beattie
It’s amazing how many things you need to think about and then those things all need to get done. But it’s exhausting just thinking up everything because you know what a pain it’s going to be to get it all done.
Everyone needs insurance. I think it’s good to know all options