The majority of people who buy the life of policy did so to ensure that if the primary earner in the family to die, then it will not have a devastating impact on the financial situation of the family.That said, while the shortage represents a serious potential problem, SunLife Management Director, Dean Lamble, pointed out that even if policyholders eliminate that shortfall, it still may not be enough to cover the costs that the bereaved family can face. Lamble had said that "If for example in a patriarchal family is dead, can pay off the mortgage would be a big help. However, while there will be a significant burden off families, it will not leave any money to pay the family bills, provide an income or to mean the daily might bring about. "For this reason, it may take some careful thought and calculations to determine the amount of life insurance coverage will really be needed. SunLife's research report recommends that the customer is not sure about the amount of money they need will err on the side of caution and opt for a little more coverage as opposed to a little less than.
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