Guide to Term Life Insurance

Term Life Insurance is an affordable insurance policy that protects a fixed amount and period. The period could be for 10, 20, 30 years or more. This coverage makes sure your future is well-taken care of, no matter the circumstances. At Canadian L.I.C., we offer a wide range of Term Life Insurance policies for you to choose from. Give our team a call today to find out more information. We offer our services to individuals across Brampton and the surrounding areas.

Quick and simple process

The Term Life Insurance is the least expensive and most straightforward policy you can find out there. To become a policy owner, you do not need to provide any proof of medical health; you need to answer a few questions depending on the coverage you choose. The term of the policy starts from 5 years up to 40 years. The policy will expire after the insured has turned 85 years old. In the event you outlive your insurance, you have the option to renew your policy. Your premiums will vary depending on your age and lifestyle but are guaranteed to stay the same for the term you have selected. If you sadly pass away within the term period, the amount would be paid to the beneficiaries you mentioned in the insurance policy. For further details, contact Canadian L.I.C. today.

Why Is Term Life Insurance critical?

Term Life Insurance provides a security blanket for those families that depend solely on one person for financial support. In the event of your demise, they receive a lump-sum, tax-free amount to help them cover your funeral expenses, as well as utilize the money as they see fit. It could be paying for your children’s education to maintaining their living standards, and much more. Give us a call today on 416 543 9000. We are available 24/7.

Affordable insurance coverage

This type of insurance coverage is suitable for people who need insurance protection for a limited period or a tight budget. It is an excellent option for business owners as this kind of insurance can cover employees for a certain period – for several years or until they retire. Term Life Insurance is an affordable insurance policy option if you are a young adult or a newly married couple.

Need help with the policies? Give us a call today!

Choosing the right Term Life Insurance policy to suit your needs can be stressful and complicated. At Canadian L.I.C., our team of expert insurance advisors will assist you every step of the way, ensuring you make the right decision. You can rest assured; we will educate you on all the options available and only proceed once you are satisfied with the policy. Do not hesitate to speak to our team to schedule an appointment, or call us on 416 543 9000 for further inquiries. We serve customers throughout the Brampton area.