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Consider Including Life Insurance in Your Summer Planning Checklist

Helpful Tips, Insurance

Posted by Allison Barton

Jun 4, 2015 3:22:31 PM


The summer season can mean time for barbeques, biking, soccer, baseball, watching beautiful sunsets and having s’mores around the campfire. The season conjures up images of lazy days in a hammock or lying poolside. However, the reality for many people consists of hectic schedules and very busy summer calendars. With kids out of school, summer camps, and running to scheduled sporting events, getting some spare time can seem challenging at times. 

It’s also one of the busiest times for travel as many individuals start planning their coveted summer vacation. Out come the checklists of what needs to get packed, who needs to look after the family pets, and when the car or boat maintenance appointments are scheduled.  

Fortunately, finding time to put life insurance plans in place doesn’t need to take up a lot of your time. 

There are easy-to-use online insurance application processes such as the Fast & Full Life Application that can be completed in the comfort of your own home while a life insurance advisor walks you through the process. This process can be completed over the telephone and with computer screen sharing software, or by meeting with you in person, whichever you prefer. Online quotes exist so that you can get an understanding of how inexpensive life insurance can be.

For less than a $1 a day, a 40 year old female could have life insurance to cover a typical mortgage. Based on available rates for a healthy, 40-year-old female, non-smoker, purchasing $276,500 of Empire Life 20 year term life insurance as of April 2015. Average mortgage in Canada is $276,500 based on Statistics Canada and Canadian Bankers Association, February 2015

Prioritizing the need for life insurance is not typically the norm, especially as thoughts turn to beaches and ice cream. However, as we head into the summer season, the reality is that we need to plan for the unexpected.  The busy summer season unfortunately, can also mean more car accidents1.

More fatalities occur on Canadian roads during the summer months than at any other time of year, including the winter holiday season. Alcohol, fatigue and aggressive driving are often implicated in these tragedies. Canadian Safety Council, 2014

With vacation time just around the corner, consider adding life insurance to your summer planning checklist.  It’s simple peace of mind knowing that your family’s financial future is more secure, making your summer that much more carefree and enjoyable.