Life insurance is an important financial safety net for everyone, but particularly so for senior citizens in Oakridge Calgary. It can provide a range of benefits that are especially meaningful to those who have retired and may no longer be earning income or providing support to their families. Here’s what you should know about life insurance as it relates specifically to seniors living in the area:
First off, life insurance provides peace of mind knowing your loved ones will not face significant financial hardship when you pass away; this includes covering outstanding debts like mortgages, car payments and credit cards. Secondly, some policies offer cash value which can grow over time depending on how much money has been invested into them – meaning they could potentially serve as another source of retirement funds if needed down the line! Finally theres also “final expense coverage\ - these types cover funeral costs (which often come with hefty price tags) without burdening family members financially during such difficult times emotionally speaking too . All-in-all having adequate protection through proper planning now helps ensure future security both personally & economically alike !
There are a variety of life insurance options available for seniors in Oakridge Calgary. Some of these include Whole Life, Universal Life, Indexed Universal and Term Insurance policies to help meet the needs of today’s retirees. Make sure you talk to an experienced agent about your particular needs so that you can find the best coverage plan for yourself or your loved ones.
In Oakridge, Calgary, seniors may be able to take advantage of certain tax incentives when taking out a life insurance policy. Talk to your local financial advisor for more information about these potential benefits.
Oakridge is a residential neighbourhood in the southwest quadrant of Calgary, Alberta. It is bounded to the north by 90 Avenue S, to the east by 24 Street W and the West/South by Southland Drive. To the north it borders the Glenmore Reservoir and the Weaselhead Natural Area.
Area: 593 acres
Population: 6,041 (2006)
Address: 3109 Palliser Dr SW #9, Calgary, AB T2V 4W5, Canada
Address: 2515 90 Ave SW #123, Calgary, AB T2V 0L7, Canada
Address: 90 Ave SW #2515, Calgary, AB T2V 0K7, Canada