Testimonial
Firewall for the Future
How Whole Life Insurance Secured Igor’s Financial Strategy
Unlike other options, Whole Life Insurance provides not only insurance, but that low risk investment that I was looking for.
Challenge
Intro to: Igor Ignatev
Igor Ignatev is an IT professional from Samara, Russia. With a master’s degree in computer science, he found success running IT projects across various industries for over 15 years. He moved to Canada in September 2019.
Limited Coverage for the Long-Term
About a year after moving to Canada, Igor discovered a significant gap in his insurance coverage. In Russia, his employer-provided life insurance benefits were robust and comprehensive. So he never had to look elsewhere for coverage.
However, when he looked into his Canadian employer’s life insurance benefits, he found that the maximum amount would only cover around two years of his family’s expenses. Despite enjoying financial stability at the moment, Igor knew he needed a more robust financial safety net for his loved ones.
Solution
Meeting Jamal Khan… at a Boxing Gym
That’s right. Igor first met Jamal at a boxing gym, discussing financial strategies (as one typically does in this setting). Intrigued, Igor approached him to learn more. Jamal instantly saw Whole Life Insurance as the perfect solution for him.
Curious but cautious, Igor did his own research into Whole Life Insurance. Everything he found confirmed Jamal’s suggestion, showcasing a product that both met his insurance needs and offered investment potential. It sounded too good to be true, but it wasn’t!
Igor’s Whole Life Insurance policy was a financial gamechanger. Not only does it protect his family financially in case something happens to him, but he can reap the benefits as well. Here’s what Whole Life Insurance provides for him:
- Peace of mind for the long haul.
- An appropriate amount of coverage for his family.
- If he needs to, he can borrow against it — maybe for a down payment on a house someday.
- A safe bet for his retirement savings too.
Results
A More Secure Financial Outlook: In His Own Words
These days, Igor runs his own IT consulting business. He’s no longer tied down to an employer’s life insurance plan, which gives him true peace of mind. Whatever the future brings, he knows his family will be okay.
Here’s how Igor sums it up:
I would be much more worried if I didn't have a long term plan, especially in the current, economic health situation. I’m thankful that I have it [and] I feel rather confident.