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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Dmy0013 on August 25, 2016, 10:05:32 AM

Title: Canadian life insurance
Post by: Dmy0013 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!
Title: Re: Canadian life insurance
Post by: RetiredAt63 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.
Title: Re: Canadian life insurance
Post by: Saskatchewstachian 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.
Title: Re: Canadian life insurance
Post by: Reynolds531 on August 25, 2016, 08:40:49 PM
Try kinetic.com