Welcoming a child into your life is exciting — and it comes with a new set of responsibilities. Life insurance helps you protect your growing family from the unexpected.
Why It Matters
If something happened to you, your partner, or both of you, life insurance ensures:
- Your children have financial support
- Your partner isn’t left with debts or bills
- Education and living expenses are covered
What to Consider
- Get enough coverage to replace income for several years
- Look into term insurance (20–30 years) to cover your child’s dependency years
- Both parents should be insured, even if one stays at home
Add Critical Illness or Disability
Parents also benefit from coverage that pays while you’re alive if you become seriously ill or injured. This adds another layer of security for your family.
Final Thought
Being a parent means thinking ahead. Life insurance lets you focus on today — while protecting tomorrow. If you would like for a licensed professional to help you explore your options, fill in a quick form below to get connected to a Canadian Insurance Broker.
