Life Insurance Options for High-Risk Occupations
If you are in a profession where the likelihood of accidents, injuries, or fatalities is significantly higher and you have financial dependents that rely on your income, you need life insurance. However, that is easier said than done. In Canada, individuals in high-risk occupations such as construction, aviation, mining, or emergency services often encounter higher […]
Steps to Take if Your Life Insurance Claim is Denied
Having a life insurance policy with adequate coverage is the best way to safeguard your family’s financial security in the event of the unexpected. The death benefit paid out to beneficiaries can help cover funeral costs, monthly expenses, and outstanding debts, and even fulfil long-term goals such as sending children to college. However, there can […]
Top 10 Life Insurance Myths
More than half of Canada’s population, around 57%, has some type of life insurance policy according to a new study conducted by LIMRA. However, there are still many misconceptions and myths surrounding life insurance, making it one of the most misunderstood financial products in Canada. Today, we seek to understand the truth behind these myths […]
Life Insurance as a Financial Safety Net
Life insurance is more than just an insurance policy. It’s a promise of financial protection and peace of mind. For many Canadians, it represents the assurance that their loved ones will be financially stable, even in the face of unexpected tragedy. As such, nearly 60% of Canada’s population, or 22 million Canadians, are covered by […]