Life Insurance quotes and Life Insurance Rates are insurance terms that are used when individuals are in search for Life insurance Quotes from Canadian insurance companies. Our Partners strive to provide an easy, hastle-free, and simple purchase experience. For each client, they craft a custom tailored policy that fits the exact needs of the insured (You) at the cheapest rates! Our quoting systems allow us to provide you our special rates from the top insurance companies within seconds. We do all the work, you just sit back and approve the numbers. So what are you waiting for? Click the Start Now button above and instantly compare your life insurance Quotes today!
Getting Life Insurance Products
Are you looking for Life Insurance Quotes, Term Insurance, Whole Life Insurance, Universal Life Insurance, Critical Illness, RRSP, RESP, Disability Insurance,
Travel Insurance, Health & Dental or Group Insurance?.. Compare multiple insurance quotes online now. We can help you find the Cheap Life Insurance quotes & rates across Canada!
Like many important life decisions, buying the right life insurance policy to protect the ones you care for can be a challenging process. With many insurance products on the market, It always comes down to finding that one product that is perfectly tailored to your needs.
How long does it take to get numbers?
We here at InstantInsuranceQuotes, provide you an opportunity to obtain more than a dozen online life insurance quotes from Canadas leading Insurance companies within seconds with just a fews clicks! Being part of the Insurance industry for decades, we have built tremendous relationships with massive Canadian Insurance companies including BMO Insurance, Empire Life, Canada Life, RBC and many more (Companies we represent).
Why choose us for your Life insurance Quotes & Rates?
We work for you! We are not limited to any single insurance company! This gives us the power to shop around with over multiple Life insurance companies for the best product. Our advisors have thorough knowledge about the current insurance products in the market and will tailor a policy specific to your needs.
In todays market, getting the right & best life insurance quote is not as simple as it used to be. There are numerous insurers in the market that carry an extensive variety of insurance products. Customers like yourself often get overwhelmed with information and numbers thrown at them. We understand this problem exists and therefore provide you an opportunity to find an insurance product that is exclusive to your needs by simplifying the process to a few clicks. Our Life insurance rates are extremely competitive and we hold pride in the thousands of customers we insure Canada wide!
Term Life Insurance
Term Life insurance in a nutshell means buying an insurance coverage for a certain period of time. Clients usually purchase this Life insurance coverage to secure themselves a certain number of years (Usually 10, 20, or 30 Years) where they would need immediate financial coverage in the case of death of the partner or a loved one. Read more on Term insurance.
Whole Life insurance
This is permanent Life insurance coverage. This policy has many advantages including Tax benefits, return of premiums, life long coverage, and much more! You choose what you want to pay as premium. You have an option to have level premiums until the policy is paid up (Meaning: Your Life insurance quote remains the same until the policy is paid up). If your budget high and you can afford to allocate a good sum on money in your policy, you will only be paying for a short period while having Life insurance protection for life! This is a policy that tailors specifically to your financial limits. Read more on Whole Life Insurance.
Universal Life Insurance
This coverage is similar to Whole Life insurance. This policy provides you with an option to invest your insurance funds into the financial markets and can result in creating profitable returns that can be used or reinvested in the policy. Clients who have a large budget and like to invest are attracted to this Life insurance. The rate for your Life Insurance Quotes will be significantly higher than Term insurance but its benefits are well worth the dollar. Read more on Universal Life Insurance.
Critical Illness Insurance
Critical illness coverage is designed to indemnify the insured in the case of suffering from a critical illness by providing them with a lump-sum payment of the insured amount. Suffering from a critical illness can have devastating physical and emotional results that can further lead to financial damage.
What makes this product very desired in the market is upon receiving the lump-sum payment, the insured can choose to spend the amount according to their wish. Some common uses are to use it as an aid towards lost income, paying off a mortgage, or just got for personal comfort.
This world is unpredictable and anyone can be diagnosed of a Critical Illness:
- Every year there are 85,000 heart attacks in Canada.
- Every year there are 60,000 and 75,000 strokes in Canada.
- Each week 4,200 Canadians are diagnosed with cancer.
Our Lifestyle today is a reflection of who we are. Our home, cars, computers, Friday nights, and leisure time all portray us an as individuals. Now imagine being disabled and not being able to return to work. Not will you only suffer financially, you may also lose the lifestyle that you built for yourself. This is where Disability Insurance kicks in. The sole purpose of this Insurance is to Indemnify (pay) the insured a portion (up to 75%) of their gross income for the period of the disability. For Example, you are a chef who makes a $60,000 salary = $5000/month and are now disabled. The Disability Insurance policy would start paying (lets use 70% as an example) $60000 x 70% = $42,000 = $3500/month to the insured as benefits UNTIL the insured can return to work.
Registered Education Savings Plan (RESP)
Registered Education Savings Plan is designed for you to save for your children’s post. This plan allows the saving to be tax sheltered as it grows. As tuition continuously increase, families are now starting to understand the importance of saving today so tomorrows expenses are not overwhelming. RESP brings along a component of flexibility which caters to ones financial circumstances.
A RESP can be set up for children, grandchildren, nieces, nephews, or family friends who are known as beneficiaries. The person staring the RESP is known as the subscriber and the subscriber decides who the beneficiary will be. The subscriber can contribute any amount they want to the plan but is limited to $50k per beneficiary.
Registered Retirement Savings Plan (RRSP)
Registered Retirement Savings Plan is a Federally registered savings plan that is designed to allow people to contribute money towards securing their your future. Money contributed towards a RRSP is tax sheltered and grows tax free. The plan portrays an investment portfolio where you decide your investment options. Some examples are:
- RRSP savings deposits
- treasury bills
- guaranteed investment certificates (GICs)
- mutual funds
- even equities
Individuals below the age of 72 can contribute to a RRSP. One of the main perks of this plan is having contributions be 100% Tax Deductible.
We can help you financially protect your loved ones, lets take the first step together… Get your Life Insurance quotes today!