Having a baby

So you’re having a baby! You must be excited, and a little nervous. After all, your life is about to change forever. You will be responsible for providing for your child, and making sure they grow up healthy and happy and in a safe, loving environment.

There is much to be done before the baby arrives: preparing the nursery, finding a hospital that meets your personal needs, finding a pediatrician for your baby, and taking care of the mother-to-be.

Make sure everyone is protected

Now that you’re going to be a family, it’s also important to think about being financially prepared to protect and provide for your child, in the best way possible.

If you were to die prematurely or become critically ill, your family’s way of life would be affected. Now is the time to think about the future and how you can protect your loved ones, should the unexpected happen.

Life insurance will protect your child’s financial future if you pass away suddenly, but a critical illness can impact your income, making it difficult to cover your mortgage and household expenses. To make sure you’re prepared, you may want to consider purchasing Critical Assist insurance. It provides a lump sum to help you provide for your family during a health-related financial crisis.

As a new parent, you have many hopes and dreams for your child. One of them may include a post-secondary education. With university costs set to rise over the years, it’s a good idea to start an education savings plan,while your child is still young. Starting early will help you save more for your child’s education. Talk to your Co-operators Financial Advisor about how you can invest in your child’s education, and even put aside money for your own retirement. This way you’re investing in both of your futures. You can even give your child a head start on both life and Critical Assist insurance with our insurance programs specially designed for children.

For more information on how you can protect your new family, talk to your Financial Advisor.