Life Insurance
Life Insurance is like a parachute – If you don’t have it when you need it, you will never need it again!
No one can insure life. The life-insurance merely assures that your financial obligations are met.
| Compare Life Insurance Types | ||
|---|---|---|
| Temporary | Permanent | |
| Validity Period | Few Years | Lifetime |
| Renew Policy | Health Dependend | Consistent Cost |
| Cost | Increase on renewal | No |
| Elderly Coverage | Hardly possible | Yes |
| Income Returns | Zero Return | Yes, Many Options |
| Out of Pocket | All Expenses | Investment Growth |
Tip : Earlier the Better...
The cost of life insurance is determined at
the time of enrollment. The cost could go 4 times higher for a 45
years old individual, when compared with a 25 years old, for the
same amount of coverage.
What is temporary life insurance?
Your day-to-day obligations like mortgage,
children's education, etc. are fulfilled using regular income. In
your absence, these needs are still there and can be easily met
using the amount covered by Temporary or Term Life Insurance.
What is permanent life insurance?
Permanent Life or Whole Life insurance
covers full lifespan regardless of how long you live. Insurance is
required, in the short-term, to meet day-to-day expenses for your
family and in long term, to pay off your final taxes on
investments/inheritance/funeral & more.
Get the cheapest life insurance quotes in seconds.
Use the slider below to pick a coverage amount, that works for you.
$250k $2 Million
Life Insurance Coverage Amount :
416-800-1810
support@money-simple.ca
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