Are you looking for life insurance to give your loved ones greater peace of mind? Whether you are considering term life insurance or permanent life insurance, we offer a variety of solutions to meet your individual needs.
By using ClickInsurance life insurance comparison tool, you can quickly get online quotes and compare prices from various insurance companies in Canada. Regardless of the type of life insurance you’re looking for, our platform helps you find the option that best suits your needs.
With ClickInsurance, you can easily obtain personalized offers from the top life insurers in Canada. Our comparison tool helps you save time and money while ensuring your loved ones are well protected with a life insurance policy tailored to your situation. We proudly serve all Canadian provinces, including Quebec, Ontario, Alberta, Manitoba, Saskatchewan, and more!
By requesting a life insurance quote on ClickInsurance, you significantly increase your chances of securing the best possible price for your policy—completely obligation-free!
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In addition to term and permanent life insurance, ClickInsurance lets you explore different types of personal insurance, such as universal life insurance, mortgage life insurance, disability insurance, group insurance, income protection insurance, and critical illness insurance.
Life insurance, whether permanent or term, offers multiple advantages depending on your needs.
It provides a certain level of financial security for your loved ones during an emotionally difficult time if you pass away. The benefit paid to your beneficiaries can help cover funeral costs, pay off any debts or loans, and relieve them of a financial burden you likely wish to spare them from.
Contracting a life insurance policy is the best way to ensure your family can continue to meet their financial needs after your death.
Permanent life insurance covers you for your entire lifetime, as long as you continue paying your premiums. It does not expire, and generally your payments will not increase over the years.
Term life insurance covers you for a predetermined period and is more affordable than permanent insurance. However, once that period ends and you wish to remain insured, you will need to renew or find a new policy, likely at a higher cost because you will be older.
Choosing between term and permanent life insurance depends on your financial needs and long-term goals. If you need coverage for a specific period—until your children are financially independent, for example—term life insurance may be more appropriate. Conversely, if you want to leave an inheritance or cover final expenses without an expiration date, permanent life insurance would be the better choice.
There is no minimum or maximum age to purchase life insurance. However, the younger you are when you take out a policy, the lower your premiums are likely to be, as your health is generally better than it would be at an older age.
When it comes to family security, couples with children have a strong interest in purchasing life insurance for themselves and their children to ensure a bright future for their offspring in the event of the parents’ death.
Everyone should consider having life insurance, regardless of age or stage in life. It becomes even more important if you have children, student debt, loans to pay off, or other expenses that would fall to your loved ones if you were to pass away.
The cost of life insurance varies based on several factors, including your age, health status, the type of insurance (term or permanent), the coverage amount, and the policy duration. Generally, premiums for term life insurance are lower than those for permanent life insurance. For an accurate estimate, it’s recommended to request quotes from multiple insurance companies via an online comparison tool like ClickInsurance.
Insurance companies typically offer several payment options for life insurance premiums. You can choose to pay monthly, quarterly, semi-annually, or annually. Some policies also allow a single lump-sum payment. It’s important to select a payment option that fits your budget and financial preferences.
Most life insurance policies provide a grace period of 30 to 31 days to pay your premium without penalty. If you fail to pay within this grace period, your policy may lapse. However, for a permanent life insurance policy, the insurer might use the accumulated cash value to cover unpaid premiums. If you stop paying your premiums altogether, the outcome depends on the type of policy you have:
Life insurance can cover deaths resulting from pre-existing conditions, depending on the terms of your policy and the disclosure of your health status at the time of application. If you disclosed all relevant information and the insurer accepted your coverage, your death due to a pre-existing condition is typically covered. However, some policies may include exclusions or waiting periods for certain pre-existing conditions. It’s important to read your policy carefully and discuss your situation with your insurer.
Cash value is an important feature of permanent life insurance. It’s a portion of the premium you pay that is set aside by the insurer and accumulates over time. You can borrow against this cash value, withdraw it, or use it to pay your insurance premiums. The cash value can be a significant advantage of permanent life insurance, offering additional financial flexibility.
To save money on your life insurance premium, consider purchasing a policy at a younger age, as premiums are generally lower when you’re younger and in better health. Comparing offers from different companies using a comparison tool like ClicAssure.com can also help you find a better deal. Maintaining a healthy lifestyle —avoiding tobacco and managing your health—can further reduce your premium costs.
This depends on the type of life insurance you choose and the insurance company. Most traditional life insurance policies require a medical exam to assess your health status and determine your premium. However, there are no-medical-exam options, such as simplified or guaranteed issue policies, which allow you to obtain coverage without medical tests—though premiums may be higher and coverage amounts more limited.
For individuals over 50, there are specific policies that don’t require a medical exam but may impose waiting periods before full coverage takes effect. It’s always recommended to check each policy’s specific conditions and discuss them with your insurer to choose the option that best suits your situation.
Generally, life insurance death benefits are not taxable to the beneficiaries. However, it’s wise to consult a tax advisor for specific situations, especially if the death benefit is part of a significant estate that could be subject to estate taxes.
Requesting an online life insurance quote is a simple, convenient process. On ClickInsurance, you fill out a form with basic information about yourself and your insurance needs. Once submitted, our comparison tool analyzes offers from several insurers in Canada to provide you with personalized quotes. You can then compare the available coverage options and prices to choose the policy that best fits your needs. This process saves you time and helps you secure the best possible deal without having to contact each insurer individually.
Some group insurance plans offer a life insurance option. However, unless you have access to an ultra-premium group insurance plan (which can be extremely expensive), the life insurance coverage included in your group insurance is often very basic. It is very rare for a group plan to offer life insurance covering more than one times an employee’s annual salary. While this coverage may cover certain expenses such as funeral costs, it will not be sufficient to provide your heirs with a significant amount of money that would allow them to continue their lifestyle without worry. To leave your heirs $200,000 or more in the event of your death, your best option is to choose a private life insurance policy.
ClickInsurance’s network includes over 100 partners, from insurance brokerages to agents and direct insurers. Here are some of the companies from which you may receive a quote for life insurance:
By comparing the different life insurance products available, ClickInsurance helps you find the solution best suited to your personal and financial situation, ensuring peace of mind for you and your loved ones.
