JCDA Jan 2014 | Page 30

jcda CDSPI Reports ❑ Re-examine Your Need for Life Insurance Term life insurance is generally designed to protect your family’s lifestyle. However, as you approach retirement, you may want to convert a portion or all of your term coverage to a permanent life insurance plan, which can be used for estate planning purposes, such as covering estate taxes and/or creating a bequest for your heirs. ❑ Review Your Estate Planning Documents Are your will, power of attorney and insurance beneficiary designations up to date? Does a trusted person know where to locate these documents? ca ESSENTIAL DENTAL KNOWLEDGE Published by The Canadian Dental Association Of course, financial planning is just one component of the many issues you