🛡️
Life Insurance
Protects your family if you're no longer here
⚠️ No active Life Insurance policy found in your records
💬 What is it?
If something happens to you, life insurance pays your family a lump sum so they can cover the mortgage, bills, and daily life without financial stress. Think of it as your last gift to the people you love.
🇨🇦 Why do Canadians need it?
Provides financial security for dependants. Pays off debts, mortgage, and replaces lost income so your family doesn't have to make impossible choices.
Coverage Details
💰 Typical Cost
$20–$200+/month depending on age, health, and coverage amount
🛡️ Coverage Range
$100,000–$5,000,000
Available Types
Term LifeWhole LifeUniversal LifeTerm-to-100
Key Factors to Compare When Shopping
- ✓ Coverage amount (10× annual income is a common guideline)
- ✓ Term length (10, 20, 30 years or permanent)
- ✓ Level vs. increasing premiums
- ✓ Beneficiary designation
- ✓ Riders: critical illness, disability waiver
Top Canadian Providers
Sun Life Financial
Manulife
Canada Life
RBC Insurance
TD Insurance
Desjardins
Co-operators
Industrial Alliance
BMO Insurance
Empire Life