{"id":283,"date":"2013-05-14T10:50:52","date_gmt":"2013-05-14T17:50:52","guid":{"rendered":"https:\/\/mgfadvisory.ca\/news\/?p=283"},"modified":"2018-08-23T10:51:16","modified_gmt":"2018-08-23T17:51:16","slug":"do-you-have-enough-insurance","status":"publish","type":"post","link":"https:\/\/mgfadvisory.ca\/news\/2013\/05\/14\/do-you-have-enough-insurance\/","title":{"rendered":"Do You Have Enough Insurance?"},"content":{"rendered":"<p>Reviewing someone\u2019s insurance portfolio involves looking at what form of life and disability insurance coverage they current have.\u00a0 An individual may\u00a0 have a group benefit plan with some life insurance available as a multiple of earnings, or a set amount per month of disability coverage.\u00a0 There may \u00a0also be coverage available, in the right circumstances, under a combination of Employment Insurance (EI), Workers Compensation Board (WCB) and Canada Pension Plan (CPP).\u00a0\u00a0 Some will have mortgage protection coverage offered through their bank.\u00a0 Few have their own individual life and\/or disability insurance coverage to compliment other coverage available.<\/p>\n<p>It can be quite confusing to assess exactly what coverage you have, and how and when they will pay.\u00a0 That is when an experienced independent life insurance broker can help:<\/p>\n<ol>\n<li>Start by first addressing your insurance need \u2013 how much do you need in the case of your short-term or long-term disability, and how much do your dependents need in the event of your premature death.\u00a0 This need changes over time:\u00a0 increasing with marriage, kids or first mortgages, and decreasing as your kids finish school and become independent and\/or the mortgage is decreasing in size.<\/li>\n<li>Next, assess your current financial circumstances and your available budget \u2013 this speaks to how much you can self-insure, and how much you can dedicate to necessary insurance coverage.<\/li>\n<li>Finally, assess your current insurance coverage \u2013 is the coverage sufficient, is it expensive coverage both now or in the future, does the coverage move with you if you change jobs.<\/li>\n<\/ol>\n<p>After these 3 steps, an experienced independent life insurance broker can tailor an insurance plan specifically for you.<\/p>\n<p>I can say that many times after doing this review, I have been able to place improved coverage for a client at the same or even cheaper premiums.\u00a0 That helps your peace of mind, as your insurance portfolio is now in place to cover you in the event of unplanned risks.\u00a0 You can now live, work and play with the knowledge that this important piece of your financial planning puzzle has been solved.<\/p>\n<p>Contact me for a review of your current insurance coverage and needs at\u00a0<a href=\"mailto:marco@mgfadvisory.ca\" target=\"_blank\" rel=\"noopener\">marco@mgfadvisory.ca<\/a>\u00a0or\u00a0<a href=\"tel:604-789-3888\" target=\"_blank\" rel=\"noopener\">604-789-3888<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Reviewing someone\u2019s insurance portfolio involves looking at what form of life and disability insurance coverage they current have.\u00a0 An individual may\u00a0 have a group benefit plan with some life insurance available as a multiple of earnings, or a set amount per month of disability coverage.\u00a0 There may \u00a0also be coverage available, in the right circumstances,&#8230; <p><a class=\"view-article\" href=\"https:\/\/mgfadvisory.ca\/news\/2013\/05\/14\/do-you-have-enough-insurance\/\">View Article<\/a><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-283","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/mgfadvisory.ca\/news\/wp-json\/wp\/v2\/posts\/283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mgfadvisory.ca\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mgfadvisory.ca\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mgfadvisory.ca\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mgfadvisory.ca\/news\/wp-json\/wp\/v2\/comments?post=283"}],"version-history":[{"count":0,"href":"https:\/\/mgfadvisory.ca\/news\/wp-json\/wp\/v2\/posts\/283\/revisions"}],"wp:attachment":[{"href":"https:\/\/mgfadvisory.ca\/news\/wp-json\/wp\/v2\/media?parent=283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mgfadvisory.ca\/news\/wp-json\/wp\/v2\/categories?post=283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mgfadvisory.ca\/news\/wp-json\/wp\/v2\/tags?post=283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}