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Canadian Term
Life Insurance rate: What term is right for you?
What
is Canadian term life insurance? Term life insurance is exactly
that. It is a Canada life insurance policy that has a set
term to it. In many cases, the term is "as
long as you keep paying, the insurance is in
effect".
But is it
right for you, and when should you use it? Let's
say you're an outside sales person and you drive your car a lot.
You know that you'll only be doing the job for 5 years,
and you need coverage. Term life
insurance is just that. It will cover you for that specified term,
say 5 years.
When it
expires, you'll have to renew, perhaps at a different
Canadian life insurance rate. If you decide
to renew, your premiums may increase for a couple of
reasons. If you choose to buy another term life insurance
policy, your health status may have change, and you may have to prove you are
still as healthy as you were 5 years ago.
You may also have to pay higher premiums if the cost of
the insurance has increased....more
Partner -
Life
Insurance Referrals - Term, Whole Life, Universal,
Disability and Critical Illness Insurance Referrals and Free quotes. Find a
financial advisor
or insurance agent.
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