2
GETTING STARTED
• If you are in a personal partnership (usually marriage), how much do you
contribute to the family budget? If you were to die prematurely, how would
your survivor(s) get by, especially dependent children?
• Does anyone else depend on you financially, such as a parent, grandparent,
brother or sister?
• If you are a single parent, what level of support payments are you making or
getting? How would these be kept up in the event of the contributor's death?
• If you have a mortgage on your home, do you want it paid off in the event of
your death?
• If you have children, do you want to put aside money to complete their
education in the event of your death?
• Are there any other family members or organizations to whom you would like
to leave money?
• Could life insurance play a role in business or farm succession plans?
• Could life insurance play a role in paying the taxes incurred when capital
property is transferred from one generation to the next?
Do you need life insurance? Thoughts to mull over ...
TIP: It's important to review your insurance needs regularly. As your family or business
situation changes, so may your insurance needs. Beware, too, of future inflation and
the way it could erode your insurance.
