We/ve gotten a bit further in terms of setting up this news blog for life insurance. Please bear with us, it’s tough to find the time.
Life insurance in Canada is a bit different than it is in the US. First, there are some differences in life insurance products. Canada has a permanent life insurance product known as Term to 100 which consists of level premiums for life with no cash values or investments. This product is not currently available in the US.
Canada also has universal life insurance policies that are for the most part superior in terms of guarantees than comparable variable universal life in the US. This is slowly changing though, as american life insurance companies start to offer universal life insurance policies with better guarantees.
Canadian term life insurance products are commonly 10 or 20 year term. 30 year term is much more predominant in the US marketplace. Again however, this is slowly starting to change as more Canadian companies start to offer 30 year term life insurance.
The fastest way to price out life insurance in canada is to shop a broker for life insurance quotes. An example of a place that offers online life insurance quotes is InsureCan, a life insurance broker in Canada.