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.