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| What is term life insurance canada | There are several life stages and scenarios that make term life insurance valuable for Canadian families:. Close Search for: Search. Generally, your premium will be given to you as a monthly dollar amount. Subject to the terms of your policy, your beneficiaries will receive a lump-sum payment once the claim is settled. With term life insurance, your coverage comes to an end when the chosen term expires. |
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| What is term life insurance canada | If you already have a life insurance policy and you want to add or remove a rider, reach out to your life insurance provider. No, term life insurance is pure protection without investment components. Dangerous hobbies, marijuana use, or high-risk occupations like law enforcement also impact insurability and increase premiums. Your premiums will increase gradually each year. If you're unsure, it's a good idea to discuss this with a knowledgeable person in your religious community. |
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