Author Topic: Canadian life insurance  (Read 922 times)

Dmy0013

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  • Posts: 100
  • Location: Central Canada
Canadian life insurance
« on: August 25, 2016, 10:05:32 AM »
Just curious if anyone has suggestions of where to shop around for life insurance in Canada?

Currently undecided if I will get term or whole - will look at the different quotes

Thanks!

RetiredAt63

  • Senior Mustachian
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  • Posts: 11175
  • Location: Eastern Ontario, Canada
Re: Canadian life insurance
« Reply #1 on: August 25, 2016, 10:09:13 AM »
I had life insurance through work so can't help there.  My car and house insurance I got through a broker, they found the best deal with a reliable company for me.  I know they got reliable companies because we had no problems with claims with my DD's car accident and my house flood.

Saskatchewstachian

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  • Age: 28
  • Location: SK
Re: Canadian life insurance
« Reply #2 on: August 25, 2016, 08:08:16 PM »
Just curious if anyone has suggestions of where to shop around for life insurance in Canada?

Currently undecided if I will get term or whole - will look at the different quotes

Thanks!

DMY0013

I got mine through a broker and got term life insurance through London Life. Great rates and we have ~700,000 in coverage and it costs about $25/month. I know it's a lot of coverage but will be enough to pay mortgage, top up RRSP and send the future kiddies to local college.

I would also highly recommend term life over whole life. Whole life is good for non-savers as it is a type of forced savings but for a mustachian saving isn't usually a huge problem.

Reynolds531

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Re: Canadian life insurance
« Reply #3 on: August 25, 2016, 08:40:49 PM »
Try kinetic.com