Insurance a bit confusing
Hey everyone,
For those who experience with life insurance any suggestions or advice here will be greatly appreciated.
For context:
My father is ill in a sense he had a few strokes and is diabetic. Bed ridden to but stable. He is 64 and he got insurance back on the day but it’s shitty it took some time to do POA for it my family come to find it out the coverage is poor. Thai is through Canada life and I have been waiting for weeks for a new advisor as the original one is long gone unfortunately.
His coverage is 50k and he wants to increase to help cover my expenses and future. I have been looking into it as confusing at is seems like I’m getting much for his current situation.
My only think is do short term life insurance, get multiple no medical life insurance or some sort of critical illness.
Any advice would be great, my pops want higher payout but not sure how much he would even get for his age
Need help to navigate this situation
Mom holds the assets like the house as soon as he got sick to be safe.