Insurance resources & guides
Guides and explainers to help you understand life insurance, make informed decisions, and protect your family's future.
Featured article
How much does whole life insurance cost in Canada?
Typical whole life premiums in Canada by age, how they compare with term and Term 100, what dividends really mean, and when permanent coverage is worth it.
All articles
Life insurance for seniors in Canada: your options after 50, 60 and 70
What life insurance you can still buy in your 50s, 60s and 70s, what it costs, the medical requirements by age, and how much coverage you actually need.
How to cancel life insurance in Canada
How to cancel a life insurance policy in Canada, who must sign, what you get back, the tax on cash value, and the alternatives worth checking before you do.
Guaranteed issue life insurance in Canada: how it works and who it is for
Guaranteed issue life insurance approves everyone in its age range. How the two-year waiting period works, what it costs, and when a better option exists.
No-medical life insurance in Canada: simplified and guaranteed issue explained
How simplified issue and guaranteed issue life insurance work in Canada, what they cost, the two-year deferred period, and who genuinely needs each one.
Life insurance beneficiary rules in Canada: getting the designation right
How life insurance beneficiary designations work in Canada, revocable vs irrevocable, naming minors, the Quebec differences, divorce, and creditor protection.
Is life insurance taxable in Canada?
A death benefit paid to a named beneficiary is tax free in Canada, with no slip and nothing to report. Where tax does appear, estates, interest, group plans and cash value.
How much does life insurance cost in Canada?
Typical monthly rates for term life insurance in Canada by age, sex and smoking status, what actually sets your price, and how to pay less for the same coverage.
The CPP death benefit: who gets it, how much, and how to apply
The CPP death benefit is $2,500, or up to $5,000 for some deaths on or after January 1, 2025. Who receives it, the 60 day rule, taxes, and how to apply.
What happens when your term life insurance expires in Canada
Your term policy ends, renews at a much higher price, or converts to permanent coverage. Here is what each option costs and which deadline applies first.
Term life conversion deadlines by Canadian insurer
The age at which your term life conversion privilege expires, by Canadian insurer. Conversion needs no medical exam, but the window closes permanently.
My term life insurance is expiring and my health has changed
What to do when your term policy ends and you have a new diagnosis. The order you do things in decides the outcome. A worked case at age 58.
Renew, convert, or buy new? The decision at the end of a term policy
A decision framework for the end of a term policy in Canada. Which option wins depends on your health, your remaining need, and which deadline lands first.
Rated life insurance in Canada: what a table rating means
A rating is an approval at a higher price. How table ratings and flat extras work, why insurers rate the same file differently, and how to get one reduced.
Never cancel your old policy before the new one is in force
The most expensive mistake at term expiry. Approval is not coverage. Here is what has to happen before the old policy can safely be cancelled.
How to read your life insurance renewal letter
What your renewal notice tells you, what it leaves out, and the four things to check before you decide. Most letters do not mention your conversion right.
How much tax will your estate owe, and how life insurance funds it
Canada has no inheritance tax, but deemed disposition and RRSP inclusion can produce a large bill on a final return. How permanent life insurance funds it.
Group life insurance conversion in Canada: the 31 day window
Leaving a job or retiring? You have about 31 days to convert group life coverage to an individual policy with no medical. Miss it and the right is gone.
Converting term life insurance to permanent coverage in Canada
Convert term life insurance to permanent coverage with no medical exam. How the pricing works, partial conversion, and the deadline that ends the right.
5 common life insurance mistakes to avoid
Learn about the most common mistakes people make when buying life insurance and how to avoid them to ensure proper coverage for your family.
Life insurance vs disability insurance
How life and disability insurance work together in Canada, what each one covers, what group coverage at work actually provides, and whether you need both.
Understanding life insurance
A comprehensive guide to understanding life insurance types, coverage options, and how to choose the right policy for your family.