Are Canadians Under-Insured?

According to the Canadian Life and Health Insurance Association, more then 20 million Canadians are protected by life insurance with an average amounts owned were $156,200 for insured individuals and $312,200 for insured households.

That leaves approximately 30% of individuals without important insurance protection as well insured households only having an average amount of $312,200 of life insurance, this could represent many families being under-insured in Canada.

Creating awareness around the need for life insurance is paramount there are many brokers and insurance agencies in Canada available to help with your insurance needs, call a insurance professional whether you are protecting your family your business there is help out there.

Author: Peter C. Choma an insurance specialist with Solutions Financial

Reference: Canadian Life and Health Insurance Association. 2008 Edition of Canadian Life and Health Insurance Facts http://www.clhia.ca/e3a.htm

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