Canada Life Insurance Quotes
Life insurance provides for your loved ones financian support should you become terminally ill or in the event of your death. With a strong life insurance policy, you won't need to worry about what will happen to your spouse, children or other family members should you pass away. Depending on the plan, life insurance policy will either pay face amount only (amount of coverage) or face amount plus fund (if it was investment component inside life insurance policy).
It can bring great peace of mind to know that your family will not have to deal with great financial hardship should you pass away.
There are generally two reasons why people wish to have the protection and comfort of a life insurance plan:
Protecting Your Mortgage
If you die or are terminally ill, your life insurance plan will pay out a lump sum payment to cover your mortgage. You can avoid leaving your family with a large financial burden in the event of your death.
Protecting Your Family
Your family will receive a lump sum in the event of your death or terminal illness. This payment will ease the financial strain that many families deal with following the death of a loved one.
There are two major types of life insurance coverage
Decreasing Term
Decreasing term insurance offers mortgage protection. This lump sum payment is used to protect capital and interest repayment mortgages. It is beneficial in cases where the balance owing decreases each year (as with a mortgage.) These plans can be taken out individually or jointly with the spouse. If you worry about the financial burden that a large mortgage could place on your loved ones, you may wish to take out a life insurance plan to help cover this payment. For a free life insurance quote, please fill out our form today!
Level Term
Level term insurance offers family protection. These policies pay out a lump sum payment in the event of the policy holder's death. Plans can vary depending on the amount of coverage required and the length of the policy. The sum you are insured for will remain the same for the duration of the policy. If you are looking to provide financial support to your family in the event of your death, you may wish to take out this type of life insurance policy. We can get you the best free life insurance quote available! Simply fill out our form and one of our talented life insurance specialists will search through thousands of Canadian life insurance plans to get you the best possible quote!
Clients Say...
"I wanted to make sure my family was taken care of after I passed away. I tried looking for an insurance policy on my own, but all I heard were sales pitches from agents and confusing jargon. LifePolicyQuotes.ca found me a great insurance rate for free and it look only a few minutes of my time!"
Jason H, Toronto, ON
