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Term
Life Insurance and a Canada insurance quote ...continued
from Canadian life insurance rate. Why
would you want Canadian term life insurance instead of
Canada whole life
insurance? It's
easy. With term life insurance, you'll receive a Canada
insurance quote for a specific period of time.
The rates will be low and the payments will only
continue as long as you wish. (Of course, your
insurance will expire when you stop the
payments) With whole life, the premiums are
usually higher, and you are paying them for a long
period of time. Here's
a good example is this. Let's say you're son is
planning on going to university and it will cost $40,000 for
tuition. You can get a 10-year term, $40,000 policy.
If you die in the meantime, the policy will pay the
$40,000 you need. If he doesn't go to university,
and you don't die, well at least you didn't spend too
much.
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