How to Buy A Life Insurance Policy?
Life insurance is one of the essential parts of financial planning. You need to research to find the best one that suits all your needs. For lack of proper research, you can end up paying expensive premiums with less coverage. Read these simple tips to make your online life insurance purchasing efficient and easy. What type of life insurance should you buy? You can find two types of life insurance in Canada , term and permanent. The term insurance gives coverage to the policyholder for a pre-defined period of time, usually between 10-30 years. The premium is low and you are allowed to renew the policy at the end of term but within age limitations. On the other hand, permanent life insurance lasts for your entire life. You have to pay a comparatively high premium for this insurance, but you get tax benefits and a cash value component which grows over time. Ask for a quote to find the premium cost Now, talk to one of the representatives of the company...