Do you live in or around the Calgary area of Canada and you are looking to get your financial planning life on track? Well, you are in the right place! I would like to introduce you to Hervin Pesa. Hervin Pesa is a Certified Financial Planner who can help people with their retirement planning and estate planning. For over 7 years he has been helping countless families begin their journey towards financial independence. He’s also an expert at not only creating wealth for you, but also protecting their wealth! As a professional in estate planning, he can show you how to create lasting inheritances that go beyond money. As an insurance expert, including term, permanent, and high-risk life insurance he can make sure you are adequately protected against risk. Find out more today by visiting his website at https://www.hervinpesa.com/ or by phone at 1-403-472-6949. His office is located at 1210 8 St SW #300, Calgary, AB T2R 1L3 and they’re open Mon-Fri 8:30 am – 3:00 PM MST. Once you set up that first meeting, you will be happy that you did!
Now that you know more about our friend Hervin Pesa and his amazing financial planning practice, feel free to read our short article about Life Insurance. Upon completion, feel free to contact him to Aware Financial get your financial life back on track!
Life insurance is an integral component of financial planning, providing financial cover to your relatives in the event that you pass away. Getting life insurance can really save your loved ones in the event of an unexpected calamity. It now has so many different uses and benefits that it might not make sense to look at it as a one-faceted vehicle. While term life insurance is significantly cheaper, permanent life insurance is frequently more desirable, because it is really not possible to predict one's death. Term insurance though, is a more affordable option for life insurance. It provides coverage for a certain time period.
A lot of people buy life insurance merely for the tax benefits. Or, people might buy life insurance to cover only their last expenses. Life insurance causes more confusion for people than perhaps any other type of insurance, partly because there are a lot of hybrid insurance policies (specific to individual insurance companies), and partly because the ideal life insurance is unique to every person.
Today, there's a wide number of life insurance policies available, the most fundamental of which are term and permanent. Life insurance is a popular part of long-term financial planning, because it’s not only a hedge against death, but also against taxes in some cases. As it provides safety to your family, you should be very careful to choose the best life insurance plan. You really can't pinpoint the perfect amount of life insurance that you should buy to the penny, but there are many strategies that you can discuss with your financial planner to make sure you are properly insured. There are various kinds of permanent life insurance. It is different from term insurance because it offers both a death benefit protection, as well as a cash value component. Your financial planner, especially if they are a Certified Financial Planner is the perfect person to discuss which insurance policy you should consider and why.
If a policy owner dies, it's the beneficiary who will need to submit a claim so they can collect the death benefits. Life insurance is issued to individuals who have something to lose in case of their untimely death. For this reason, a lot of people argue that children do not require life insurance. Speak to your financial planner for clarification on whether this should be the case for you. If you are the policy owner, it is a great idea to not only let people know that they are the beneficiaries of your insurance policy, but where it is stored in the event that you should die unexpectantly. You can also make sure it is annotated in your last will and testament, so that there will be no unclaimed insurance policies in your name. After your death, your beneficiaries will probably not be thinking clearly. You want to make the process as seamless as possible for them.
So, protect your loved ones against your premature demise by purchasing an adequate amount of life insurance for your loved ones. A Certified Financial Planner, like Hervin Pesa can help you determine the proper amount of coverage that you should have. Now that you are finished with the article, visit his website or give him a call about your insurance or financial planning needs. His friendly staff will be awaiting your call!