Experior Financial Group in Canada
Each of us pays taxes. In Canada, a significant part of our income is satisfied. But we also understand that the taxes we have paid are returned to us in the form of certain benefits, benefits, allowances, etc. And besides the direct return, which we see and feel in the form of the improvement of parks, schools, in the form of road repairs, in the form of the absence of banditry and theft, we are still protected from poverty. After all, there are social benefits, free food, and social housing. But we may face this and get this help, or we may never find ourselves in such a predicament.
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And here the state is conducting the right policy, hedging against the development of poverty, the increase in the impoverished population. That's exactly the same safety net you are given by all insurance products. Only if, by paying taxes, you not only insure yourself, but also pay for the insurance of other Canadian citizens by paying into the "common pot", then by purchasing personal insurance, you pay only for yourself and buy only what you need. That is, your personal insurance is a guarantee that it will not happen in your life, it will not affect your standard of living in any way, you will not have to move to cheaper housing, sell a car, borrow money or even be left without means of livelihood. This is your "intra-family tax", which should first of all be included in your budget. And these are much smaller amounts than you probably think.
All insurance products are very diverse and multifunctional. Each insurance company, fighting for its client, all the time offers some additional benefits at the same price. It can be a refund of all the payments you have paid, and your participation in the company's investments, and receiving insurance payments even before the insured event, and much, much more.
The difficulty of understanding and purchasing an insurance product lies in the fact that you pay monthly for what you do not have, do not feel in your hands now and today. But you should know very well what you are paying for. And here a big role is played by your financial adviser, who not only has to choose insurance that meets your needs, but also explain all the details of the purchased insurance.
I want to add a few words about the guarantees of insurance payments. In Canada, the entire financial market, the work of all companies, all financial consultants is very much controlled by the state. If a company officially operates in Canada, then buying a financial product from it, you are always insured by the state. Even if some small insurance company simply goes bankrupt, it is always insured itself and all your assets and contracts will be transferred to another company on the same terms. Insurance services in Canada are very reliable, but you must always provide all your data absolutely honestly.