Term · Permanent · Mortgage
Life insurance pays a tax-free amount to the people you choose if you pass away while covered. I help you decide how much you need, for how long, and which insurer fits your health and budget.
Coverage for a set period such as 10, 20 or 30 years. Often used to protect a mortgage or young family.
Whole life or universal life coverage that lasts your lifetime, often used for estate planning.
Personally owned term coverage can be more flexible than lender mortgage insurance.
One policy covering two people, paying on the first or last death depending on the design.
Small policies or riders that can lock in insurability for a child.
Options such as waiver of premium or critical illness riders, with their own terms and conditions.
Broker tips
Workplace life insurance usually ends when you leave your job.
Your health at application affects approval and price.
Review them after marriage, separation or a new child.
Your needs shrink and grow as debts and family change.
FAQ
Enough to cover debts, final expenses and the income your family would need to adjust. We work it out with a simple needs review.
Neither is better for everyone. Term suits temporary needs like a mortgage; permanent suits lifelong needs like estate costs.
It depends on your age, health and coverage amount. Some policies use questionnaires only.
Life insurance death benefits paid to a named beneficiary are generally received tax-free in Canada.
From Katherine’s channel
Published
In this eye-opening video, join insurance broker Katherine Le as she guides you through the process of designing your life plan using life insurance. Discover the essential steps to determine your ideal coverage and budget, ensuring you protect what matters most to you and your l
Watch on YouTube: How to Design Your Life Plan with Life Insurance Uncover Your Ideal Coverage & Budget!Tell me a little about what you need. I will compare options and come back with a clear recommendation.