FINBIZ INVESTMENTS INC.
10220 DERRY RD UNIT# 204, MILTON, ON L9T 7J3
CONTACT: 647-781-1238  |  finbizinvestments@gmail.com |​ finbizinvestments.com

                                                                    Life insurance

Why do I need life insurance?
The purpose of life insurance is to protect your loved ones. Should the unthinkable happen, the money from your life insurance policy could be used to take care of living expenses, mortgage payments, outstanding debts and credit card payments, childcare and education expenses, funeral costs, and more. The money could also be left as a gift to a loved one and/or favorite charity or be used to protect the value of your estate and/or business.


How much life insurance do I need?
Generally the amount of protection you need is a combination of what it would cost to help your surviving family members and dependents meet their current needs (like taxes, food, clothing, utilities, mortgage payments, etc.) plus future obligations (like college and retirement funding) – minus the resources that your surviving family members could draw upon to meet those obligations (spouse’s income, savings and investments, other income producing assets, and any life insurance you might already own).
You may also want insurance for wealth accumulation or distribution purposes during your lifetime.

What if I already have insurance coverage?
Even if you already have a life insurance policy, it’s a good idea to review it periodically to make sure it still meets your overall needs. There are times in life you need to take a look at your financial situation, such as if you:  

  • Were recently married or divorced  
  • Had or adopted a child (or became a grandparent)
  • Have children or grandchildren who are about to enter college
  • Provide care or financial help to a child or elderly parent
  • Received an inheritance
  • Retired or your spouse has retired
  • Started a business
  • Changed/lost your job or salary


(1) Term Life Insurance:
Affordable coverage to meet your temporary needs , protects you and your loved ones for a pre-determined period of time while you get back on your feet.

The ideal solution if:
You have dependent children and are on a tight budget. You have short- and medium-term loans to repay. so consider our term life insurance products.

(2) Permanent Life Insurance:
Lifetime insurance coverage Permanently protects your family and your legacy.

The ideal solution if:
You would like to leave a legacy. you would like to be protected, even if your health changes. You would like to ensure the continuity of your business.
so consider our permanent life insurance products

(3) Universal Life Insurance:
A combination of permanent life insurance and savings, Offers you lifetime coverage and the opportunity to save with certain tax benefits.

The ideal solution if:
You would like to leave a significant inheritance. You have contributed the maximum amount to your RRSP and your TFSA. You would like to protect the value of your company.