The German chancellor Angela Merkel insisted that there should be no joint EU guarantee; each country would have to take care of its own institutions. That was the root cause of today’s euro crisis. It is why people need to have their individual insurance policies and do not rely on corporations.
If you have a family - a spouse and/or children - life insurance is one of the simpliest and most important ways in which you can help protect their financial future in Canada. Life insurance works by providing your beneficiaries - the people who benefit from the coverage - with tax free payment after your death. This money can help them to pay off loans and debts; maintain their lifestyle and pay day-to-day expenses; pay for their education; and cover expenses like funeral costs.
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