Life Insurance Ontario

Will your loved ones be financially impacted if something happened to you?

If you answer yes, then by purchasing Life Insurance, you can protect them financially or pay off a mortgage in case of the policy owner’s death. Most employees have basic life insurance, but it may not be enough to meet your needs, and your coverage typically ends when you leave your job. You can also protect your family by purchasing term insurance, permanent life, or universal life.

If you’re considering non-medical life insurance or life insurance with medical conditions such as cancer, a heart condition, diabetes, etc., the best way to ensure that you receive proper recommendations concerning the purchase of life insurance is to seek the advice of an independent advisor licensed to sell life insurance.

Paul Taneja is an insurance advisor in Ontario who can help you make the right selection.

Life insurance is a contract between the Insurance company and the insured. This is a promise of a Guarantee to pay a lump sum amount to the family members of the insured in case of sudden death of the insured. Insurance companies promise to make payments to survival beneficiaries on the contract. Insured has to keep his promise to pay the premium to make the contract active.