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Renting vs. Owning Your Protection

Are you "renting" your family’s security or do you "own" it? Knowing this could save you thousands of dollars!

Most people do not take the time to understand the details of a life insurance policy. Pricing is mostly what attracts many which most of the times, is detrimental to your future coverage.

Term Insurance is like renting a car or an apartment. It’s affordable and provides high coverage for a specific period (like 10 or 20 years) to cover temporary debts or your mortgage. It’s perfect for the "if I die too soon" scenario, but once the term ends, so does the protection, usually leaving you with no equity.

Permanent Insurance, on the other hand, is like owning your car or home. It provides lifelong coverage that never expires. In addition to that lies "Cash Value" component. This acts as a tax-advantaged "Private Bank" in your policy over time.

Understanding the difference is the first step to enjoying your life insurance.

Ready to stop renting and start building your financial fortress? Comment "STRATEGY" 🇨🇦

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