Insurance products to protect you today and tomorrow
Many people think of insurance as a lump-sum payment they receive if a policyholder dies. But insurance can meet a far wider array of needs:
- Income replacement. Make sure your family can continue to meet their daily needs if something happens to you. Whether your family has a single or dual income, the loss of one spouse can have a meaningful impact on the family budget.
- Retirement savings. Build tax-deferred wealth for retirement or arrange to use insurance proceeds as a legacy for future generations.
- Asset preservation. Cover the costs of a nursing home or in-home care for you or your spouse. At the same time, you'll be preserving your assets for other needs or to leave as a legacy.
Should you buy insurance? If so, how much? And when should you buy it? Talk with a BMO Harris financial advisor today.