According to the Canadian Government, there are 33,288 working across the country making an average salary of $41.10 an hour. Though they may already have life insurance coverage through their employer’s group benefit plan or as a member of a professional organization, there are a myriad of options that may be better suited to their needs
Life insurance can be broken down into two categories, Term insurance and Permanent Insurance.
Term insurance starts off lower in costs and increases as the insured gets older. The length of the term can vary.
Universal Life Insurance can provide a tax haven. Photo by Garry Knight