Term Life Insurance in Canada
Compared with other types of life insurance products, term insurance has the simplest structure. It also has no cash value in investment. These features make it easier to be compared for products among different companies.
kanetix.ca , insurancedirectcanada.com , and life-insurance-quotes.ca are three of good examples of the web sites which provide instant online quote comparison of some life insurance products. Kanetix provides online quote comparison of Term 10 of some life insurance companies. Insurancedirectcanada.com and life-insurance-quotes.ca provide online quote comparison of most term life products and some whole life insurance products. When you submit your request, Insurancedirectcanada might record your email address and phone number and share it with its brokers.
However, even for term life insurance quote comparison, online quote comparison from the good web sites also has significant limitations.
First, it might be because of space limitation etc, such a web site usually selects limited products of limited life insurance companies for online quote comparison. It also usually does not include the life insurance companies that only permits its own agents rather than brokers from other companies to sell its products.
Secondly, some companies have two types of term insurance products that might have different premium even for the same client with the same term period and coverage. It is difficult for online quote comparison to include all of them and explain the reasons through simple quote comparison.
Even term life insurance, it is also a part of your (family) financial planning. For example, how much you should buy? Is Term 10, Term 20 or Term 100 the best for you? A simple quote might not be enough and you might need advices from professionals.
Moreover, life insurance products of a company might be changed from time to time. It takes time for the changes to reach brokers and then be reflected on the Internet.
For the above reasons, it is better to use online quote for reference only and you should contact a life insurance broker or agent who you trust for further information and advices. If you like to contact us for more information or advice, please complete the following form and submit it to us.
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