Estate Planning

Rodney Biggar Mortgage Broker

I wanted to take a moment to address the importance of proper estate planning. It’s not just about safeguarding your assets; it’s about ensuring that your wishes are carried out and your loved ones are provided for in the future. Proper estate planning can have a profound impact on your peace of mind, knowing that your affairs are in order and your family’s financial security is protected. By taking proactive steps to create a comprehensive plan, you can provide a lasting legacy of care and support for your family.

Is your will up-to-date?

Ensuring that your will is up-to-date is a fundamental step in estate planning. It serves as a blueprint for the distribution of your assets and designates those who will oversee your affairs. Consulting with a wills and estates lawyer can help address critical components to safeguard your wishes.

Have you assigned a power of attorney?

Equally vital, yet often overlooked, is the appointment of a power of attorney. This trusted individual assumes responsibility for decision-making should circumstances prevent you from doing so due to injury or illness. Collaborating with a professional to establish power of attorney documents is integral to comprehensive estate planning.

Do you have mortgage protection insurance?

Mortgage life insurance, offered through Manulife, will protect your family’s future by paying out your mortgage should the mortgage holder pass away. Manulife also makes your mortgage payments while your claim is being adjudicated, so there is no added stress for a loved one at an already difficult time. Manulife’s mortgage disability insurance will take care of your mortgage payments plus property taxes if you become disabled. Manulife provides budget-friendly payment options, the ability to top-up your coverage, and so much more. I would be more than happy to explore mortgage protection coverage options with you further. 

Term life insurance

Term insurance is a type of life insurance policy that provides coverage for a specified period, such as 10, 20, or 30 years. If the insured individual passes away during the policy term, a death benefit is paid out to the beneficiaries named in the policy. Term life insurance offers a lump sum payment to the beneficiaries, whereas mortgage insurance is specifically tied to paying off the remaining mortgage balance. It’s always a good idea to talk with a licensed life insurance agent to ensure you have the proper coverage. If you would like a recommendation, I would be happy to put you in touch with Lynn Moroz.

I understand that discussions surrounding estate planning may not be easy, but they are important. By taking proactive measures, you’re securing your assets and providing invaluable peace of mind for your family’s future. Your family’s well-being is important, and I’m here to assist you however I can.


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