Tell us who depends on you and what you would want covered. A verified insurance professional who covers your postal code will get in touch to explain the types of life insurance, what affects the price and what to compare, before you commit.
A verified professional will get in touch.
Not sure which fits? Describe what you want to protect, and a professional can help you narrow it down.
Coverage for a set number of years, usually the lowest cost for the amount.
Permanent coverage with fixed premiums and a cash value that builds over time.
Permanent coverage with more flexibility, and more to understand.
A lump sum if you are diagnosed with a serious illness listed in the policy.
A monthly amount if illness or injury stops you working.
Coverage your employer provides, which usually ends when you leave.
The older you are when you start, the more it usually costs.
Your medical history and any current conditions.
Smokers usually pay noticeably more than non-smokers.
How much the policy pays out and for how many years.
Term, whole life and universal life are priced very differently.
Policies without an exam usually cost more for less coverage.
Ask for the licence number and check it with your provincial insurance regulator.
And what would I add, and why?
And what it would cost over the years.
What happens when the term ends, and at what price.
And is the beneficiary set up correctly?
The free-look period, and any fees after it.
We'd rather connect you with the right provider once than flood your inbox with a dozen you'll never call back.
Term, permanent, critical illness and disability coverage protect against different things. You hear which fits what you want to protect.
Many people already have coverage through work. You hear how to check it, and what it does and doesn't include.
You get the options explained. Whether to buy, and from whom, is always your decision.
Term insurance covers you for a set number of years, such as 10, 20 or 30, and is usually the cheapest for a given amount. Permanent insurance, such as whole life or universal life, covers you for life and can build cash value, but costs more. Critical illness and disability insurance are separate products.
It depends on your debts, your family's living costs, how long they would need support, any children's education costs and what you already have. A professional can help you work out a sensible figure.
Many employers offer group life insurance, often a small multiple of your salary, and it usually ends if you leave. Check what you have, what it costs and whether you can convert it to an individual policy, before you buy more.
Creditor insurance sold with a loan or mortgage usually pays only the balance, which falls over time, and it is often assessed at the time of a claim rather than when you apply. Ask what is covered, what could be refused and how it compares with a personal policy that you own and can keep if you switch lenders.
Your age, health and medical history, whether you smoke, the amount, the length of the term and the type of policy. Some policies need a medical exam, and others, often more costly and with lower limits, don't.
Yes. You have a duty to answer questions honestly and completely. If you don't, an insurer may refuse a claim or cancel the policy, particularly in the first two years. If you aren't sure whether something matters, ask the adviser and tell the insurer.
The beneficiary you name. Naming a beneficiary can mean the money goes directly to them rather than through your estate, which can be quicker. Keep it up to date, and ask about the rules where you live, especially in Quebec.
In general, life insurance death benefits paid to a beneficiary are not taxed as income in Canada, but your situation can differ, for example with some permanent policies and with business ownership. Ask an accountant or tax adviser about your case.
Life insurance usually comes with a free-look period, often 10 days, to cancel and get a refund. The terms differ, so check what applies and read your documents.
Complain to the insurer first. If you're not happy with the answer, you can take it to the OmbudService for Life and Health Insurance, or in Quebec the Autorité des marchés financiers. These services are free to use.
Your age, whether you smoke, roughly how much you'd like to cover and for how long, what coverage you have through work, and your postal code. If you don't have everything, send the request anyway.
No. Namoye is a free matching service. It doesn't sell insurance or give advice. Any quote or advice comes from the firm that contacts you.
No to both. A verified professional contacts you, and Namoye is free for you.
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Namoye is a free matching service. It is not an insurer, broker or adviser, and it doesn't give insurance, tax or legal advice. Any quote or advice comes from the firm that contacts you. Check that an agent or adviser is licensed with your provincial insurance regulator before you share personal or payment details.
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