Canadian Life Insurance Quotes

term life and whole life insurance quotes in Canada

If you have a strong life insurance policy, you can have the peace of mind that your loved ones will be financially secure in the event of your death.  Your spouse, children and other relatives will not be saddled with large debts and other financial struggles and the insurance money will help replace your lost income.  Insurance policies differ, but the basic premise remains the same.

An insurance policy protects your loved ones after you're gone.

Depending on your particular plan, insurance policies either pay one lump sum or a series of smaller sums in the event of your death or diagnosis of a terminal illness.

Most people look for the comfort and protection of a life insurance plan for two reasons:

To Protect A Mortgage

If you are diagnosed with a terminal illness or in the event of your death, your life insurance plan will pay out a lump sum payment to cover your mortgage.  This helps ease the financial burden and offer support to your loved ones after you are gone.

To Protect A Family

Depending on your insurance plan, your family will receive a lump sum or a series of smaller sums in the event of your death.  This insures that your family will not be hit with difficult financial strain following your death.

The two major types of life insurance coverage:

Decreasing term assurance:  This lump sum payment offers mortgage protection.  As the balance owing on your mortgage decreases each year, so does the payout on these insurance policies.  Decreasing term assurance can be used to protect capital and interest repayment mortgages.  You can either take out such a plan individually or with your spouse.  For a free life insurance quote that will help ease financial difficulties in the event of your death, please complete our online form today.  Our experienced team of insurance experts will search through thousands of life insurance plans from across the country to find the best possible rate available to you.

Level term insurance:  These policies pay out a lump sum payment in the event of the policy holder's death or diagnosis of a critical illness.  Depending on the plan, premiums can vary.  The sum you are insured for remains the same for the duration of the plan, however you can select how much coverage you require and the length of the plan.  There are many options available.  If you complete our online form, our team of insurance professionals will compare plans from across the country to find the one that is perfect for your need.

Life insurance provides stability and support to loved ones in dire situations.  Almost everyone should have a life insurance plan to easefinancial burden in the event of death. Contact us today for help on selecting the perfect insurance package.


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