Manarin Investment Counsel, Ltd.

Life insurance is a key player in any financial plan for those who need it until their living estate puts them in a position where they no longer need the coverage. 

In other words, life insurance is designed to provide to your beneficiaries, if you die, that which you will provide if you live.  Most of us live to see our beneficiaries grow to financial independence, at which time you no longer need life insurance.

Plain and simple:  Life insurance has nothing to do with any type savings plan and has only one purpose - to replace income. 

If something were to happen to you or your spouse and there is no loss of income, there is no need for life insurance. 

But on the flip side, if the income from you or your spouse is a necessity then you better have life insurance.

Simple isn't it?