Are You Overlooking This Type Of Debt?
Are You Overlooking This Type Of Debt?
Let’s talk about debt—something we all know too well. Traditionally, debt meant your mortgage, car loans, or credit card balances. But what if I told you there’s another type of debt we often overlook? A debt that isn’t just about dollars and cents, but about the promises we make to our families.
In today’s world, with inflation eating away at our incomes, it’s not just about covering 60-80% of our income for survivors anymore. It’s more like 100%—or even more—just to keep our families afloat. That’s because our debt isn’t just financial; it’s a promise—a promise to take care of our loved ones, even when we’re no longer here.
Think about it: every time we say, “I’ll take care of you,” we’re making a commitment. A promise to ensure our family’s future is secure. But here’s the question: Are we prepared to make good on that promise? Or will our families be left to struggle, burdened by unmet expectations?
Life insurance isn’t just about covering bills; it’s about fulfilling the promises we’ve made. It’s ensuring our debt—our promise to protect and provide—doesn’t go unpaid. So, can I ask you a question: do you want to keep those promises, or let them become a burden that could impact your family for generations? Which outcome would you prefer? If you’d like to see what this could look like for you and your family, get in touch today.
Andy Kovacs helps business owners and families achieve financial security. Featured in The Globe and Mail, Cottage Life Magazine, CTV, and Radio 640 Toronto, his expertise stands out. He believes offence makes the highlight reel, but defence wins championships—ensuring you’re ready for life’s financial moments of truth.
He is also President of Moments of Truth Insurance Services, a Sun Life advisor, and proud sponsor of the Markham Board of Trade’s Breakfast Networking Series.
🌐 www.sunlife.ca/andy.kovacs ☎️: (289)-818-1741 📧: andy.kovacs@sunlife.com
Andy Kovacs
President, Moments of Truth Insurance Services | Sun Life
