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Life Insurance Canada - benefits

Why life insurance?

Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against.
The contract is valid for payment of the insured amount during:

  • The date of maturity, or
  • Specified dates at periodic intervals, or
  • Unfortunate death, if it occurs earlier.

Among other things, the contract also provides for the payment of premium periodically to the Corporation by the policyholder. Life insurance is universally acknowledged to be an institution, which eliminates 'risk', substituting certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of death of the breadwinner.

Common mistakes - life insurance. Learn more.....
By and large, life insurance is civilisation's partial solution to the problems caused by death. Life insurance, in short, is concerned with two hazards that stand across the life-path of every person:

1. That of dying prematurely leaving a dependent family to fend for itself.
2. That of living till old age without visible means of support.

At Punjab Insurance, find the best term life insurance rates online. Shop and get personalized life insurance quotes for you today. Until a few years ago, life insurance was not a subject many of us preferred to talk about. It was associated with death and thus the sentiments involved, often prevented discussion. Today however scenario has changed. Life insurance , as a concept, has earned a different meaning altogether. Yes it is about life and health, but it is also about money. Life insurance has rapidly emerged as a versatile financial tool. Now when we look at life insurance quotes, we are talking about investment figures. So irrespective of how you take it, insurance is something, which at the end of the day, we'd all like to have.

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There are a number of insurance companies in Canada which offer life insurance packages. You have three vital reasons to contact either of them for quotes. One, with life insurance policy you are securing your child's tomorrow. This is essentially where the investment positives of insurance come in. Secondly, investment in a life insurance policy makes your retirement lavish. You have less to bother and more to relax. Third of course is the eventuality of untimely death. As much as we would not like to think about it, this could happen and thus a safety cover will only help. Additionally, a life insurance policy also helps an effective redesign of the tax structure.

The listed are generic benefits of a life insurance policy, however depending upon your situation and requirements; you can opt from the various insurance options available. For example consider the case of mortgage life insurance. As per this insurance policy, if the policyholder dies, policy will take care of the outstanding repayment mortgage. So depending upon what needs you'd like your policy to cater to, there is a viable option. Most of the Canada insurance policies fall under two categories viz., term life insurance and permanent life insurance. Term life insurance policy shall take care of any temporal requirements. While the permanent life insurance policies, as the name suggest, are for a lifetime. Top quotes for the various policies, as offered by the most reputed Canada insurance companies, are provided by Punjab Insurance. As an insurance company, Punjab Insurance provides a no obligation free quote. The insurance quote is complemented with detailed info on the policy nuances. A comparison is thus enabled, which helps you opt for the top benefits, at of course, the most reasonable cost.

Get lowest life insurance quotes from Punjab Insurance Inc. We will provide you customized policies as per your requirements. Moreover in some term life insurance policies you can get back your money after the term is over.

You can choose from different types of life insurance policies i.e. permanent life insurance, term life insurance or universal life insurance as per your insurance requirements.

Most of the Canada insurance policies fall under two categories viz., term life insurance and permanent life insurance. Term life insurance policy shall take care of any temporal requirements. While the permanent life insurance policies, as the name suggest, are for a lifetime. Top quotes for the various policies, as offered by the most reputed Canada insurance companies, are provided by Punjab Insurance. As an insurance company, Punjab Insurance provides a no obligation free life insurance quote. The insurance quote is complemented with detailed info on the policy nuances. A comparison is thus enabled, which helps you opt for the top benefits, at of course, the most reasonable cost. So now you have the chance to get the most reliable life insurance policy for you at the most affordable cost.

Whether you're single or married, just started a family or you're ready to retire, you can be sure you have the right insurance with Insure Right. We serve in Life insurance BC,Life insurance Calgary, Ontario, Alberta, Quebec and in most parts of Canada.