1.      How can I make it easier for my family to carry on after my death?

        You can get life insurance to help your family pay for:

• Your funeral and other estate costs
• Monthly bills and debts
• Future needs (such as college education)
• Unexpected bills.

2.      How can I make it easier to carry on if I get sick or injured and I can no longer earn money?

        You can get insurance to help you pay:

• Medical costs not covered by your province’s health care plan
• Rent, mortgage, or other debts, including credit cards
• Monthly bills
• Unexpected bills.

3.      How much car insurance do I need?

          You can buy insurance to:

• Fix or replace your car after an accident or theft
• Pay medical bills or claims if someone gets hurt or dies in a car accident in which you are involved
• Pay for damage to property caused by your car.

4.      How much home insurance do I need?

        You can buy insurance to:

• Fix or replace items if they are damaged or stolen
• Repair damage you cause to other people's property
• Repair damage to your home from fire, floods, or other disasters
• Pay claims if someone gets hurt while in your home.

5.      Do I need extra health or dental insurance?

        Your provincial plan doesn’t cover everything. You can buy extra insurance to pay for:

• Prescription drugs
• Special services (physiotherapy, nursing care, chiropractic)
• Dental work, braces or other special dental treatments
• Health care outside your home province.

Depending on your province, and the type of treatment you get, you may be able to claim your payments for this type of insurance when you submit your income tax return.

6.      Do I need any other kind of insurance?

        You may need extra insurance if:

• You have a home office or business
• You worry you will need long-term care, including nursing home costs
• You own special items that would cost a lot to replace, such as jewelry, antiques, computers, or big-screen TVs
• You travel outside Canada
• You worry that you might lose your job during the next few years.

Remember: Everyone’s insurance needs are different.

You don’t want to pay for insurance you don’t need, but you do want to get enough to protect you, your loved ones, and your property.