We want to maintain our family's lifestyle in the event of our premature death. Since our lifestyle is defined by our income, our income is lost in the event of our death, and insurance is designed to replace loss....then it's our income that defines how much life insurance we need.
Life insurance has two primary attributes – the premium and the death benefit. If we fix the death benefit, then the difference between different types of life insurance is simply the premiums, over time - and we want the cheapest life insurance we can get, over the years that we need the coverage for.
Not all term life insurance is the same, that's why we compare more than just premiums. Our online term life insurance quotes compare premiums and renewable, convertible, the exchange option, and accelerated death benefits. This ensures you get the best value at the best price.
We are experts on Canadian Term Life Insurance. We’ve been working online since 2006, showing Canadians the important differences in term life insurance policies. During that time we’ve been used repeatedly as a resource for the Canadian media seeking clear and easy to understand expertise on life insurance.
Is premium alone enough to compare life insurance policies? Not at all. That’s why we compare 10 Canadian life insurance companies premiums as well as important policy benefits to make sure you get the best policy at the best price. We also provide commentary on underwriting and customer service from each company.
Not all policies have all of these free benefits, and the policies that do have them are not necessarily more expensive than those without the benefits. Get a life insurance quote here and compare premiums and policy differences.