You Need Life Insurance, Here's Why | Life Insurance 101 [MUST WATCH]

Life Insurance 101: How Life Insurance Works In Canada
You Need Life Insurance, Here's Why | Life Insurance 101 [MUST WATCH]
Today I have Nicole Simons of CPN Financial on my channel discussing life insurance, how it works, why we need it, when to get it and how it can be used to create generational wealth. I learned so much from this conversation and I hope you do as well. We also discussed critical illness and disability insurance which are great for self-employed folks. It's time we stop relying on go-fund-me to take care of our loved ones after death and start planning for the future. #lifeinsurance #generationalwealth #financial literacy
Contact Nicole!
IG: / advisoronthego
Website: www.cpnfinancial.com/
0:00 Intro
2:58 What is life insurance?
3:32 What are the different types of life insurance available?
7:40 How do you choose between each coverage?
10:12 Who needs life insurance?
13:50 Is work life insurance adequate?
15:46 When do you need life insurance?
17:43 What happens if a life insurance company goes bankrupt?
18:28 Where can you get a life insurance policy?
20:51 How can life insurance be used to create generational wealth?
24:48 How do you choose the best policy for you?
26:11 What type of policies should self-insured people look into?
29:29 Life insurance for those who are already sick
Please like, subscribe & comment. Let me know what you want to see next!
FAQ ♡
Age? '96
Ethnicity? Nigerian
Location? Toronto, Canada
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Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.
FTC: The links above may include affiliate links for which I may make a commission should you purchase. This is at no extra cost to you but helps my channel grow.
#lifeinsurance #financialliteracy
xo, Reni ♡

[@xoReni]

Do you have life insurance or have you considered getting it?

[@deniseodetoyinbo7122]

So important to have life insurance.

[@xoReni]

Extremely!

[@ona8055]

Thanks for the information...

[@xoReni]

Thanks for watching!

[@dk9799]

I clearly need life insurance. Wow.

[@xoReni]

ME TOO!!!

[@1dearkrissi]

Very informative. Thank you.

[@xoReni]

thank you for watching Kirsten!

[@seyitanoke]

Great information!

[@xoReni]

Thanks Seyitan!

[@niablee]

Love Nicole Simons! Excited to tune in to this video 🙌🏾🙌🏾🙌🏾

[@xoReni]

Thank you Nia! Hope you found it beneficial ☺️

[@BrainSurg101]

Definitely will be looking to get life insurance before summers end! Trying to get that good deal while I’m young.

[@xoReni]

We love to see it!!

[@busolaojikutu3936]

Off I go to contact Nicole! Thanks for the plug Reni!

[@xoReni]

Love to see it!! My pleasure Busola!

[@BrainSurg101]

Had to rematch this again cause I’m actually talking with insurance broker and trying to figure out what is good for me. Thanks again Reni!

[@xoReni]

My pleasure! I hope this was helpful :)

[@michaelcoker8067]

This session was amazing. I had loads of questions that were later answered in the course of the video, but I got one more. How does the "Critical Ilness coverage" differ from Major Health insurances coverage?

[@xoReni]

Thanks for watching, Michael! So glad it was helpful. Maybe I should do a part two with Nicole.
Health insurance reimburses your medical expenses during hospitalization. It might not cover all the diseases and generally have a longer waiting period. Whereas, critical illness policy covers life-threatening diseases like cancer, multiple sclerosis, kidney failure, bypass surgery etc.

[@michaelcoker8067]

@@xoReni O! Thank you Reni ✊️

[@adeiifee]

There’s a wealth of information in this video ! Thank you for sharing! You’re really helping me put together a great financial plan for my family 🙌🏾

[@xoReni]

This makes me so happy to hear 🥰 thanks for watching!!

[@AanuAdedire]

Really enjoyed this video thanks Reni and Nicole

[@xoReni]

Thanks Aanu! 🥰

[@yahayaalphonse2558]

Great content as always Reni! 👏🏿Coincidentally, I just had a long discussion with an insurance broker on getting me an insurance last Sunday . I’m also young so she said it’s like a steal. It’s very important!!

[@xoReni]

Thank you Yahaya ☺️ amazing, I hope you got it!!

[@yahayaalphonse2558]

@@xoReni Yes I am getting it!!