Is your family ready for the ultimate financial emergency? What would happen if your spouse suddenly died? Unfortunately, this tragic story of a young Canadian wife and mother is all too common.
It’s not the cost that keeps people from protecting their family–a 30-year old woman can get $250,000 of life insurance for as little as $10 per month.
For most people, they just don’t know what the right amount of coverage is, and how much it costs. Given how inexpensive Term Insurance has become, most are usually surprised that they can easily afford what they need. In some cases, people may even be paying for too much coverage, as their needs have decreased over time.
We’ve put together 2 easy to use tools that will show you how much coverage you should have, and how much you should be paying, including cost comparisons from most of Canada’s major insurers.