What is term life insurance?
Term insurance is designed to give you coverage for a defined period of time. If you’re starting a family, establishing a new business or growing career, term life may be what you need. It’s generally available for 10, 20 or 30 year periods.
Because term life insurance covers a shorter period than permanent life insurance the rates are generally lower and more affordable. If you have any questions, speak with one of our Ontario life insurance brokers.
How much is term life insurance?
A healthy 30-year-old person can usually get $500,000 in coverage on a 20-year term for around $30 a month. Built for defined periods, term life insurance is good for anyone looking for affordable and flexible coverage to protect a family’s financial security during critical life milestones.
If you have any questions about this or any other kind of insurance reach out, our brokers are here to help.