Do you have enough Life Insurance Coverage?

Posted on: December 21st, 2018 by Peter Choma

Life Insurance Coverage Amount

The average person in Canada does not have enough life insurance. Research shows that for those people who actually have life insurance coverage (about 30% of Canadians have no life insurance what so ever) $156,200 for insured individuals and $312,200 for insured households. Most life insurance experts suggest a minimum of 10 times annual income to provide a satisfactory amount of life insurance protection.

Here is a quick calculation you can use (Enough Life Insurance = 10X Gross Income) or please feel free to use our insurance need calculator this will help you determine how much coverage you require otherwise please feel free to contact one of our life insurance specialists at 1-866-561-7499.