Think You Can't Afford Insurance?

Just yesterday, I was privy to a conversation at the grocery store check-out in which a husband and wife were speaking about whether or not they should commit to an insurance policy. The husband was stating that they had a lot on their plate financially right now and that insurance would be another bill. In fact, he even said, and I quote “if we get this we’re just adding another expense to a huge financial commitment we just made.”

I had to bite my tongue, as I could already find several fallacies with what he just said. The husband was not wrong about debt being an issue, according to an Ipsos poll, the average Canadian owes $8,500 excluding their mortgage. On top of that, there are lifestyle expenses we try to defend, such as a cable package, Netflix, gym membership and even daily trips to Starbucks While budgeting can be daunting, there are ways that you can ensure that you can afford a monthly insurance payment. For example, a daily latte may cost the average person $4 some insurance policies are as affordable as $1-$2 dollars per day! With this perspective, does insurance seem like that much an expense?

Another factor to consider is that you cannot afford to be in a situation where you have no insurance in place. If you have no savings, are the sole income provider (whether single or in a relationship), have a lot of debt, no room in the budget or no money put aside for funeral cost and living expenses you need insurance THE MOST! Broker Plus Insurance is proud to offer a wide variety of personal and mortgage products that are flexible to suit any budget. Whether it’s a term of 10, 15 or 20 years, Disability, Accidental Death or partial coverage; we ensure that your needs are paramount and that it fits your budget!

Remember, insurance is always one of those things where it’s better to have it and not need it than need it and not have it. Ensure that you and your family are protected today by contacting us through one of the links below!

To request a quote on the products we offer, click here.
Or call: 1-877-242-8820 and press 3 to speak with an insurance coordinator. 
*Sources cited https://globalnews.ca/news/3933617/average-canadian-consumer-debt-ipsos-poll/