Unity Credit Union Limited

Insurance Planning

Credential Financial Strategies Inc.

Why do I need an Insurance Plan?

Insurance helps people to protect themselves and their families against risks, such as damage or loss of property, loss of life or disability. An insurance plan can provide peace of mind that you and your family will be able to manage the financial consequences of these risks.

For example, although the basic purpose of life insurance is to provide your dependents with a continuing source of income if you die, it also provides for other financial needs, such as:

Maintaining your family’s standard of living
Paying off the mortgage on your home
Paying off any outstanding debts
Providing for your children’s education
Paying off any outstanding taxes

What is involved in an Insurance Plan?

The first step in an Insurance Plan is deciding what your insurance needs are. These needs may be based on financial circumstances or the emotional well being of the individuals involved. Sitting down with a Financial Planner can help you decide exactly what your insurance needs are, either on a single need basis or as part of a complete financial plan.

What are the different types of insurance needs?

Life Insurance
Disability Insurance
Long Term Care Insurance
Critical Illness Insurance

For more information, contact:

Credential Financial Strategies Inc.

Credential Financial Strategies Inc. is a member company under Credential Financial Inc., offering financial planning, life insurance and investments to members of credit unions and their communities. ®Credential is a registered mark owned by Credential Financial Inc. and is used under licence.

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