Why Every Entrepreneur Should Have Life Insurance

The Finance Cafe

EPISODE DESCRIPTION:

In this episode, Shauna sits down with the President and CEO of Sky Planning group, Tracy Duff to discuss the importance of life insurance policies for business owners, an overview of policy options, and give an understanding of the importance of sound insurance products that serve you and your loved ones best. Tracy is a heartfelt business owner herself and shares important insight into the impact of different insurance products and how they can affect your loved ones. With over 25 years of expertise, Tracy puts us at ease and answers our questions of who to call, and how to start, and emphasizes the importance of just getting started when it comes to life insurance.

TERM LIFE INSURANCE DESCRIPTIONS

https://www.forbes.com/advisor/life-insurance/choosing-the-right-term-life-insurance/

PERMANENT LIFE INSURANCE DESCRIPTIONS

https://www.forbes.com/advisor/life-insurance/permanent/

Around 57% of Canadians feel they do not have enough coverage to meet all their needs in unexpected circumstances. In addition, less than 30% of Canadians responding to a global consumer survey by Statista, felt they were well informed about their insurance and what options they have for protecting themselves and loved ones in the event of an accident, long-term illness, or death. – Shauna Federick

“Business owners concentrate on the day-to-day operations - and even though - statistics reveal more entrepreneurs want to buy life insurance - people get stuck in a holding pattern of procrastination - they think life insurance is a daunting task.” – Tracy Duff

“Life insurance is still an excellent investment tool… one of the few investments that allow for tax-sheltered accumulation of funds and at the same time cover the risk of death.” – Tracy Duff

Websites:

Life Insurance – Skye Planning Group Inc.