Canadian Term Insurance
Pure Risk Insurance
Canadian term life insurance provides temporary insurance and this type of policy is considered a basic, full-risk life insurance policy.
Canadian term insurance is pure life insurance; it does not build cash value and will last only for a set period of time, generally a 5, 10, 20, or 30 year period. This type of low-cost life insurance is inexpensive and relatively easy to understand.
For Term Insurance in Canada, Trust IDC
Insurance agents at Insurance Direct Canada (IDC) broker with approximately 20 of the top insurance agencies in Canada in order to find you the best value on Canadian term insurance coverage.
IDC insurance brokers are highly skilled life insurance agents, dedicated to providing you with personalized, professional insurance services while meeting your life insurance needs.
As Canadians working for Canadians, Insurance Direct Canada is dedicated to providing exceptional term life insurance coverage for people across Canada. We broker Canadian term insurance policies for residents in Ontario, British Columbia, Alberta, Manitoba, Saskatchewan, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Yukon, Northwest Territories and Nunavut.
Canadian Term Insurance Basics
Insurance falls into two basic categories: term and permanent.
Canadian term insurance provides basic life insurance coverage that pays if the policyholder should they die at any time during the term of the insurance policy.
Canadian term insurance is simple, pure life insurance, good only for the term specified. You then have the option to renew the term insurance policy annually for a higher premium. The initial premiums are very affordable and are popular among young adults and couples beginning a family to cover lines of credit, loans and mortgages.
Term life insurance only provides a death benefit. It is not a form of investment and no cash value is available at the end of the insurance term. It is often used to provide burial expenses and short term financial assistance in the event of the untimely death of a spouse or parent. If you outlive the policy and choose not to renew, you do not receive any monetary compensation for your premiums paid in previous years.
Canadian term insurance can be used as temporary life insurance coverage or starter life insurance. It is a great choice for anyone operating on a limited budget who still wishes to obtain basic death benefit coverage. Some insurance companies allow a term life insurance policy to be converted into a permanent policy.
Insurance Direct Canada
IDC has been in the online insurance industry since 2004 and has successfully brokered insurance policies for thousands of Canadians. Canadian term insurance is a simple, affordable choice for anyone seeking basic death benefit or temporary life insurance coverage.
IDC insurance agents work with the best available insurance companies in Canada and term insurance policies are a popular choice with Canadians.
Get an Instant Online Quote for Canadian term insurance now or Contact Insurance Direct Canada. Let Canada’s top insurance companies compete for your business and get the best price available with the help of an IDC insurance agent.
For more information on Canadian term insurance or life insurance in general, nothing beats speaking to a real person. Call an IDC Canadian term insurance agent Toll Free at 1-866-238-9271 from anywhere across Canada.
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