Most Canadians today, understand the need for life insurance. Standing in 2020, more than half of the Canadian population owns some type of life insurance. However, the number of underinsured cases are still very alarming.
Remember, life insurance is not something you purchase for yourself — you buy it for the benefit of others. Regarding how much life insurance you need, most people make erroneous decisions.
Honestly, no one can give a universal answer to the question – “How much life insurance do I need?” Everyone is unique and everyone has different requirements. It is therefore easy to see why coverage and rates vary from person to person. Read more