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DELTA CREEK FINANCIAL ADVISORS

PLANNING · INSURANCE · INVESTMENTS

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Tel: (647) 693 0037

Tel: (613) 900 8135

18 Coral Cove Crescent, Toronto, Ontario  M3A 1G8
13 William Street, Delta, Ontario  K0E 1G0

Fax: (855) 751 5414

Mutual funds and exempt securities are sold through Portfolio Strategies Corporation. Other products and services are provided through Delta Creek Financial Advisors.  

©2018 BY DELTA CREEK ADVISORS

  • Sara Tatelman

When Should Young People Buy Life Insurance?

Updated: Dec 10, 2019


Janice Lee is remarkably well-insured for a 22-year-old with no dependents. A medical student at McMaster University in Hamilton, Ont., she receives a

complimentary $100,000 life insurance policy through the Ontario Medical Association, and a 75% discount on premiums for disability insurance.

“I signed up because it was free,” Lee says, noting she wouldn’t have done so otherwise. “The only benefit I could concretely foresee is if I die, life insurance pays off my large student loans so my family doesn’t have to.”

Many millennials share that attitude. After all, they barely have a salary, let alone young children to miss out on wealth transfer. But buying a policy now might still make sense.

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