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Alumni News

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Do I need Life Insurance?

April 28, 2014

We plan for many things in our lives such as our education and our careers, but there are some things we simply cannot plan for. Life insurance allows us to arrange financial help for those left behind so they can better manage through the unplanned.

The payout from a life insurance policy is typically tax-free and can be used any way your beneficiary wishes. This means the money can be used to pay any outstanding bills or debt left behind or can be used for ongoing living expenses.

The amount of life insurance you need depends on a number of factors ranging from the amount of debt you carry and whether there are members in your family who are able to earn an income once you are gone, to how many dependents you have and how long they will need to rely on the financial support provided from your life insurance.

Sheridan College Alumni Office has arranged with Canada Life to provide alumni and their spouses with life insurance at low group rates. No matter where you are in your decision on getting life insurance, whether it is for the first time or purchasing additional coverage, Canada Life is available to answer your questions. Simply contact Canada Life by visiting them online or by calling them at 1-800-387-0649.

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