Things you need to know
The cost of life insurance differs depending on various factors such as age, gender, health, medical history, policy length, and the coverage amount.
For a man/woman, ages 35, with a coverage of $450,000 amount, a life insurance policy would cost approximately $35 a month.
Use our 'free get quote' tool to compare quotes from 10 leading insurers in Canada to find the right policy that suits you or, schedule a call with our expert insurance advisors to help you with the right plan.
Buying Life insurance will ensure that your loved ones will have financial security and maintain the standard of living if something happens to you. It can also help pay off debts, provide funds for your child's education or cover final expenses such as funeral costs.
Buying life insurance when you are in your 20s or 30rs is ideal, as you will be quoted the best rates. That's because an insurer abides lesser risk when insuring a young, healthy person. However, affordable premium-quality coverages are available to various age ranges.
Will your loved ones be financially affected if something happened to you? If yes, then you should consider buying a life insurance policy.
It will ensure that your loved ones will have financial security even after you are gone.
A Critical Illness Insurance policy covers illnesses such as Cancer, Heart Attack, Stroke, Coronary Bypass surgery, Multiple sclerosis (MS), Alzheimer’s/Dementia and Accidental Death and Dismemberment.
If you are the breadwinner of the family and are suffering from a critical illness, it is recommended to have critical illness insurance. It can provide a lump-sum benefit for diagnoses such as Cancer, Heart attack, Coronary Bypass surgery, Stroke, etc.
No, you cannot take multiple claims under Critical illness covers for the same disease. Once you receive the payout for the covered critical illness, the policy will be marked complete. Therefore, no other further payouts will be made for the same policy.