Canadian Life Insurance Keeps You Protected

Will your life insurance policy protect you and your family members in the event of your death? It’s truly a scary thought to think that it might not. What if your life insurance refused to pay out to your beneficiaries in the event of your death?

We all purchase life insurance thinking that it will protect those we love but the sad truth of the matter is that often people are not getting the coverage they expect when they sign up for a life insurance policy. The blog, Reflections by J. Schenone, talks about cases where life insurance policies dropped the ball. We can use these as examples to why we need to learn as much as possible about our own life insurance before it’s too late.

While these examples happened in the United States, Canadians seeking life insurance policies also need to be cautious of loop-holes in their agreements. Be sure you are fully aware of the law in your province and what it says about making a claim. Here are some ways that Canadian life insurance can keep you protected:

1. You may be eligible for immediate temporary coverage
2. You may receive temporary coverage while waiting to take medical tests to prove your current health condition
3. You could be eligible for a discount as a non-smoker
4. You could be eligible for a discount for making other positive life choices
5. If you are not on medication and your health is above average, you could be eligible for better rates

These are just a few of the ways that many Canadian life insurance policies are keeping your protected. Some agencies and companies also offer additional help to your family members or beneficiaries to make it easier on them to claim your life insurance policy in the event of your death.