Canadian Life Insurance Quotes

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Term Life Insurance in Saskatchewan

Saskatchewan is a Canadian province that is home to over 1 million residents. It is bordered by the United States to the south, Manitoba to the east, Alberta to the west and the Northwest Territories to the north. Major cities in Saskatchewan include Saskatoon, Regina, Prince Albert, Moose Jaw and Swift Current. Saskatchewan became a province in 1905 when it split from the Northwest Territories. This province is the sunniest province in Canada, and it is only one of two Canadian provinces that is land locked. Major industries in Saskatchewan include agriculture, forestry, fishing, hunting, mining, oil and natural gas.

Saskatchewan, like much of Canada, has a high quality of life. Some people worry that one day, they may not be able to afford to maintain their families at the standard of living they have become accustomed to. For example, what if the primary breadwinner of the family dies? Who will financially support the family then? Thus, to ensure that their families will always be taken care of, many people in Saskatchewan buy life insurance.

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Buy Insurance When You’re Healthy

When purchasing life insurance, there are a couple of things you should keep in mind. One tip that many people are unaware of is to buy life insurance when you are healthy. The reason for this is because the rates you will be paying are based on your current state of health and predicted life expectancy. If you are a healthy twenty year old, the life insurance company estimates that you will be around for quite a long time and thus, will give you a better rate because they feel they will have lots of time to recoup the inevitable future loss. If you get life insurance when you are older and in bad health, you can expect to pay a lot more..

Investments or Protection?

Another thing to be aware of is that although some life insurance policies include investment components, it’s probably best to stay away from these sorts of things if you don’t have a lot of money to spare. These policies, known as whole life insurance policies, tend to come with high commissions; there are cheaper ways to invest your money. That said, for some people whole life insurance policies may be the perfect investment; talk to a financial advisor or insurance agent to find out what kind of policy would best suit both your personal and financial needs. Also, keep in mind that if you’re looking to skimp somewhere to save some money, life insurance policies may not be the best place to do it. Do you really want your family to have to rely on some substandard policy after your death just because you wanted to save a couple hundred a year?

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