Buying life insurance in Ontario can bring with it some very unique challenges. As Canada’s most competitive life insurance market, it can be sometimes difficult to truly know if you are getting the best deal, or at the mercy of a slick sales pitch.
According to The Canadian Life and Health Association, Ontario has a total of 98 licensed companies that can issue policies. Of those, 71 companies also have their head offices in Ontario. The result is a vast abundance of choice which unfortunately results in the average consumer feeling overwhelmed and unsure that their decision was the best one available.
It is important to remember that you can be proactive in the process by following a few simple steps:
1.) Determine how much you need. Using our life insurance calculator will give you a rough idea about how much money would be needed to cover expenses for your beneficiaries.
2.) Decide between whole vs term insurance. Speaking with a professional insurance advisor is important as they help educate you about the benefits and drawbacks of each type of insurance and how they apply to your own needs.
3.) Do your homework. You have a world of information at your fingertips, so take advantage of learning as much as you can about this very important purchase.
Whatever kind of life insurance you are looking for, LifeCover.ca can makes it easier. We are specialists in finding the best rates, based on your own individual needs. What you are left with is a chance to decide for yourself, and since our services are free, you are under no obligation.
Major Cities in Ontario
To learn more about life insurance companies located in Ontario please visit our directory page. There you will find information about Sun Life Insurance, Primerica Life Insurance, Manulife Insurance, Empire Life Insurance, Unity Life Insurance, Crown Life (now Canada Life) and other insurance companies based in the province.