“What do you live for?” is a question I was recently asked at work while discussing an upcoming project and a million thoughts and answers rushed into my head at once. Family, love, unity, peace, and health were just a few of the words that immediately came to mind. Sure, I do a pretty good job at taking good care of myself by eating well, working out and staying active, but I have not been thinking about my future in regards to my family/loved ones after I pass. I have always found it difficult to think about death and what happens following but now that I have started thinking about starting a family at some point, the topic can no longer be avoided.
As we grow older, get married, build families and even start businesses, you come to realize that life insurance is a fundamental part of a sound financial plan. For some reason our generation doesn’t normally think about life insurance for ourselves until we are forced to and truth be told, up until a few weeks ago, I did not have a life insurance policy of my own. Turns out, life insurance is more affordable than you may think, so there’s no excuse why more can’t entertain obtaining coverage before any these milestones.
Trust me, I know the idea of life insurance can be daunting or better yet, confusing and it’s hard to know what you really need or want. So here are four reasons why you should be considering it:
- To add financial security. Trust me, once you decide to have children, you will want to know your kids (and partner) will be taken care of when your gone.
- To protect your family and loved ones if they depend on your financial support for their livelihood. In this instance, it will replace your income when you pass.
- To leave an inheritance. Even if you don’t have any other assets you can create an inheritance for your loved ones by purchasing a life instance policy and name beneficiaries.
- To bring peace of mind. No amount of money could ever replace a person. Period. There aren’t many things in life that are guaranteed, but having life insurance can help provide protection for the uncertainties
That being said, I recently discovered Manulife Vitality – a life insurance program that actually rewards people for leading a healthy, balanced lifestyle. For those of you who make a conscious effort to stay active, workout and eat clean, these dividends plus the affordable program options just may encourage some of you to begin thinking about life insurance as well, sooner rather than later. This past Tuesday, I got a chance to help kick off the launch of the Vitality program in Toronto’s Yonge-Dundas Square, alongside dear family friend, Mike “Pinball” Clemons, Vice Chair of the Toronto Argonauts. The theme/question of the day was, “What do you live for?” and visitors at the event got to share their answers with the Former Argo QB and two time coach. The Manulife branded pop-up had fun, fitness focused activations and visitors were able to get free bike tune-ups, discover TRX exercises with the help of Goodlife Fitness staff, jump into the boxing ring with Pinball to test out Canada’s first ever “Workout Computer”, receive prizes/giveaways and learn more about why Manulife Vitality may be a suitable option for life insurance.
So how does it work exactly? After purchasing a product with Manulife Vitality, you are then required to fill out the Vitality Health quiz online to see how your health measures up against your age. Through this process, you’ll be given your Vitality Age, which could actually be higher or lower than your real age and serves as an indication for your overall health. Part of what makes the program unique is customization – and seriously who doesn’t love products or services created just for them? One of the best parts about Vitality is that once the system has gathered all your lifestyle and health data; a customized, goal oriented program is created to encourage and inspire people to make healthier choices by using convenient and easy-to-use tools. Manulife has have even partnered up with Garmin to include a free wearable tracking device to make tracking healthy activities a breeze. And not to worry all you Apple Watch and Fitbit lovers out there – you can connect these devices to the Vitality system as well!
As you may assumed by now, Vitality program status is simply based on the number of Vitality points you earn each year which results in a tiered system; Bronze, Silver, Gold and Platinum. This status is used to determine a member’s eligibility for rewards and to calculate their annual cost of insurance. By being active, getting regular health screenings and even reading online health related materials, earns more Vitality Points when you track them using the easy online tools provided to members or the Manulife Vitality mobile app. Intrigued yet? If you’re interested in learning more information on the Vitality program or would like to sign-up for your own customized life insurance, head to manulifevitality.ca
This post is sponsored by Manulife, but all thoughts and opinions are my own!