Life Insurance in Canada
At RJB Insurance & Financial Services, we offer a variety of life and critical illness insurance options to suit your needs and budget, so you can find the perfect coverage for you and your family. Whether you’re looking for term life insurance, whole life insurance in Toronto & Mississauga, Canada, or a hybrid of both, we can help you find the right policy for your needs. Let us help you protect what matters most.
What You Get With The Best Life Insurance in Canada
Standard Coverage For Life Insurance in Toronto & Mississauga
- Death benefit: A lump sum payment to your beneficiaries in the event of your death.
- Term life coverage: Protection for a specific period of time, typically 10-30 years.
- No cash value: No savings or investment component.
- Affordable premiums: Generally lower than permanent life insurance policies.
Premium Coverage For Life Insurance in Toronto & Mississauga
- Death benefit: A larger lump sum payment to your beneficiaries in the event of your death.
- Permanent coverage: Protection for your entire lifetime.
- Cash value: A savings or investment component that grows over time.
- Flexibility: Options to customize coverage and add riders for specific needs.
- Higher premiums: Generally higher than term life insurance policies.
- Potential for tax benefits.
Frequently Asked Questions
What is life insurance and how does it work?
Life insurance is a contract between the policyholder and the insurance company. In exchange for paying premiums, the policyholder’s beneficiaries will receive a lump sum payment upon the policyholder’s death. This money can be used to cover expenses like funeral costs and outstanding debts.
How much life insurance do I need?
The amount of life insurance you need depends on your individual circumstances, such as your income and debts. A financial advisor can help you determine how much coverage you need to protect your loved ones.
What is the difference between term life insurance and permanent life insurance?
Term life insurance in Toronto & Mississauga provides coverage for a specified period of time, usually 10-30 years. Permanent life insurance, such as whole life or universal life, provides coverage for the policyholder’s entire lifetime.
Can I get life insurance if I have a pre-existing medical condition?
Depending on the pre-existing medical condition, you may still qualify for life insurance, but it may cost more. Be sure to disclose any pre-existing conditions when applying for life insurance in Mississauga & Toronto, Canada.
How do I choose a life insurance policy?
When choosing a life insurance policy, consider factors such as the length of coverage, the amount of coverage, and the premium cost. You can also consult with a financial advisor to help you choose the best policy for your needs.
What happens to my life insurance policy if I outlive it?
If you outlive a term life insurance policy, the coverage will expire and you will not receive any benefits. Permanent life insurance policies, such as whole life or universal life, accumulate cash value over time and may have options to continue coverage or access the cash value.
Put Your Business & Family in Good Hands With The Best Insurance in Canada
Get In Touch
Whether you're looking for a new policy, have a question about your current coverage, or want to discuss a financial plan, we're here to help. Fill out the form below to get in touch with us, and one of our insurance agents in Canada will be in touch with you shortly to discuss your needs.