Term life insurance in canada

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Pros and Cons of Term Life Insurance (Canada)
What is term life insurance? It's temporary coverage that provides the people or charities you name as beneficiary with a tax-free payout if you die within. $50, to $, in coverage � A one-year, guaranteed-renewable term � The convenient option to quote, apply and buy online, and be insured within minutes. Term life insurance is a simple and affordable Canadian solution that provides tax-free payments in the event of death.

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At 28, Justine recently graduated from university. If you pass away during your policy term, your beneficiaries can receive a lump-sum benefit payout subject to the terms of the policy. Term life insurance in Canada. Coverage can be automatically renewed after the initial Term until age , at which time coverage continues but premiums are no longer required. A dollar sign is displayed in the middle of the circle.