IS ‘PERMANENT LIFE INSURANCE’ A NEED OR A WANT?

IS ‘PERMANENT LIFE INSURANCE’ A NEED OR A WANT?

Permanent Life Insurance
May 12, 2023•1 min read

Most Canadians are confused in choosing life insurance that caters to their needs. You must be fed up with many advisors, agents, brokers pitching a rosy life insurance product. Considering the fast-changing economies across the world especially after the COVID-19, life insurance in Canada has become a Need.

More Canadians are signing up for Life Insurance products now than ever before. According to the research report from Canadian Households with Life Insurance - LIMRA the number of Canadian households with life insurance grew from 7 million to 12.6 million in the last 37 years.

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IS ‘PERMANENT LIFE INSURANCE’ A NEED OR A WANT?

Why do Canadians Buy Life Insurance?

  • Employment Benefit

  • Income Replacement

These are the top reasons why more Canadians are buying life insurance. As per Canada’s Life and Health Insurers Association 22 million Canadians are insured with only 1 in 100,000 claims resulting in complaints. All the premiums Canadians pay every month over years are invested in Infrastructure projects, Federal Bonds, Provincial, Territorial and Municipal Bonds. Investments gradually compound with time and turn into Big Lump Sum by maturity.

Free consultation by Sunny Kochar is your first step towards Financial Security Hurry up.

Canadian LIfe InsurancePermanent LIfe InsuranceHexavision EnterpriseSunny KocharFinancial freedom Mentorship
I am a passionate financial expert and the creator of the Total Financial Freedom Mentorship Program for Canadians. With over 30 years of experience in various business & industries, I have helped people grow and succeed over time. As a Personal Financial Coach specializing in retirement planning and management for Canadians, I and my team work with executives and entrepreneurs to help them build their wealth 3 times faster. Our goal is to help them not only get out of bad debt but also achieve total financial freedom, retire early and wealthy, all without strict budgeting. This allows them to still enjoy vacations, treat their kids, and spend quality time together as a family. I am also the CEO & Founder of Team Hexavision.

Kanwaljit (Sunny) Kochar

I am a passionate financial expert and the creator of the Total Financial Freedom Mentorship Program for Canadians. With over 30 years of experience in various business & industries, I have helped people grow and succeed over time. As a Personal Financial Coach specializing in retirement planning and management for Canadians, I and my team work with executives and entrepreneurs to help them build their wealth 3 times faster. Our goal is to help them not only get out of bad debt but also achieve total financial freedom, retire early and wealthy, all without strict budgeting. This allows them to still enjoy vacations, treat their kids, and spend quality time together as a family. I am also the CEO & Founder of Team Hexavision.

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