There is no wrong time to purchase life insurance, but there are certain benefits and drawbacks to purchasing life insurance at different stages of life. Learn more about what type of life insurance makes sense for you and your financial situation.
The planning considerations of where and how to own your life insurance can be varied and sometimes complicated. It is important to remember that who owns the policy, controls the policy.
For many Canadians, especially those with young families, term life insurance is most often the product of choice for protecting one’s family. The major reason for this is that it is the lowest entry-level cost to purchase life insurance.
Recent Comments