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How much life insurance is the right amount? Let’s set up some time to discuss the details such as how long you need it and what kind might be right for you. You can walk out feeling more confident and educated on your options.
📞 (780) 645-7122
📧 barb.buryn@sunlife.com
💻 www.sunlife.ca/barb.buryn



Script: How much life insurance is the right amount? Simply put, the amount of life insurance you need depends on your unique situation. A good place to start is to figure out how much life insurance you may need… how long you need it for… and what kind might be right for you. Let’s look at an example: Jackie is 33 years old… and has two kids. She has four goals for her life insurance: Leave money to her family to pay off her mortgage. Top up her kids’ registered education savings plans. Pay off her student loans. And, replace her income for 10 years. Based on these goals, Jackie is looking at a 1-million-dollar life insurance policy. If she died, her family could choose to use the insurance payout to: Put 300-thousand dollars toward the mortgage. Add 60-thousand dollars to the kids’ RESPs. Pay off her 40-thousand-dollar student loan. And… cover the family’s ongoing costs with the remaining 600-thousand dollars. How much do life insurance payments cost per month? In Jackie’s case, a 1-million-dollar, 30-year term policy for a non-smoking, 33-year-old woman… could cost about 80-dollars per month. For a man of the same age, it’s closer to 110-dollars per month. How long do you need your coverage to last? For a younger person… or a couple with debt and a mortgage, a 30-year policy or longer may be suitable. For someone in their forties… with little debt and a small mortgage… a 20-year policy might be the right fit. What are your options? Your employer may offer life insurance through your employee benefits. But… it may not be enough. And you can lose that coverage if you change employers. You may want to consider more life insurance. In which case, you have two types to choose from: Term life insurance. And… permanent life insurance. Any amount of life insurance can help give your loved ones some financial security when you die. Your unique situation will inform the amount and type of insurance you need. For more tips and tools, visit sunlife.ca.

The study, which interviewed 2,000 Canadian over the age of 45, found that the average age of retirement in Canada has risen from 61 in 2005 to 65 in 2025. And that age may continue to increase, with 46 per cent of pre-retirees considering postponing their retirement due to the rising cost of living.

Want to review your retirement plan? Contact me today.
📞 (780) 645-7122
📧 barb.buryn@sunlife.com
💻 www.sunlife.ca/barb.buryn

BoC Governor says Canadian jobs and exports are already being hit by U.S. tariffs, with price pressures potentially next

Check out this article for some tax-savings ideas for retired couples!


The opinions expressed in this article are of the fund company that owns this content and do not constitute professional advice or recommendation. Please seek advice from a qualified professional, including a thorough examination of your specific legal, accounting and tax situation.

Bank of Canada holds interest rate at 2.75% again as 'uncertainty remains high'

Do you have the best life insurance for your life stage? Experts say young Canadians are often underinsured. Here’s how to choose the right coverage. Contact me today to review your insurance needs.
📞 (780) 645-7122
📧 barb.buryn@sunlife.com
💻 www.sunlife.ca/barb.buryn

Canada’s annual rate of inflation slowed to 1.7 per cent in April, Statistics Canada reported on Tuesday, down from 2.3 per cent in March.

When Ginny Barton’s husband passed away, she started volunteering to keep busy. By teaching others to knit, she gained a new sense of community

Discover how to support your mom in planning for the future with practical advice on estate, legal, and care decisions.

Estate planning isn’t just about transferring assets—it’s about preserving your legacy, protecting your family, and ensuring your wishes are honored. Want to review your estate plan? Contact me today.
📞 (780) 645-7122
📧 barb.buryn@sunlife.com
💻 www.sunlife.ca/barb.buryn

Some Canadian seniors enter retirement without savings or run out of money over time. Here’s how they can stay afloat financially.

"Planning for retirement isn’t just about crunching numbers and growing your nest egg; it’s about achieving a balance between living well today and securing financial freedom for tomorrow."

Contact me to review your retirement plan today!
📞 (780) 645-7122
📧 barb.buryn@sunlife.com
💻 www.sunlife.ca/barb.buryn