There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
Latest News
National Bank of Canada World Elite Mastercard review Oct 31st
National Bank’s World Elite Mastercard has long earned accolades for its included insurance, robust points program and unique and valuable perks, making it a solid choice as a travel card. With the fall 2022 restructuring of its rewards program and other adjustments affecting insurance and the rei.... More »
Why is auto insurance so expensive in Alberta? Dec 7th
Auto insurance in Alberta has been in the news recently with Premier Danielle Smith’s announcement that insurance rate premium hikes for “good drivers” will be capped at 3.7% as of January 1, 2024. The government chose this percentage to match Alberta’s inflation rate in September 2023, the .... More »
Before you buy, here’s how to compare home insurance + MORE May 16th
Home insurance is important, but no one loves paying for it—especially when household budgets are tight. That’s why Canadians open their browsers and search for things like “cheap home insurance” and “how to save on home insurance.”
Any insurance professional will tell you there’s.... More »
The best travel insurance credit cards in Canada for 2024 + MORE Jul 2nd
Spend
The best travel insurance credit cards in Canada for 2024
Searching for the perfect card? Compare your options with our interactive tool, and filter results based on rewards value, annual fees, income requirements, and more.
Compare now .... More »
What is pet insurance—and do you need it? + MORE Sep 25th
Did you know that 60% of Canadians have a pet, but only around 4% of these furry friends are covered by pet insurance? If you’ve put off purchasing pet insurance because you’re unsure what it is or whether you even need it, we’re here to help.
As pet insurance becomes more common and availa.... More »
What is term life insurance and how, exactly, does it work?
– moneysense.ca
When it comes to conversation-starters, life insurance generally doesn’t rank in the top 10 topics. We get it—who wants to think about the end of their own life? But it’s important to know the ins and outs of life insurance coverage so you leave your loved ones financially secure in the event of your death. Here’s everything you need to know about term life insurance in Canada.
Get personalized quotes from Canada’s top life insurance providers.All for free with ratehub.ca. Let’s get started.*Life Insurance QuotesTerm LifeWhole LifeThis will open a new tab. Just close the tab to return to MoneySense.
What is term life insurance?
Term life insurance is one of the many types of life insurance available in Canada. As its name implies, it provides coverage for the duration of your chosen term—the period of time you are covered by the policy. In Canada, terms typically range between five and 30 years. If you die during the term or when your policy is still in effect, your beneficiaries receive the death benefit…
