Aside from the fact that it’s cheap, here are the best reasons why you need to get life and critical illness insurance for your children… and how it can help them tremendously as they grow up.
Insurance is one of the most closely regulated industries in Canada. Unlike the United States, in Canada there is a government organization that supervises all of the federally incorporated and foreign insurers to ensure that these companies operate in a prudent manner.
Your finances can’t manage themselves. But that doesn’t mean they won’t try. Bring all your finances together with the help of the a professional who can.
An independent CBC special about mortgage insurance from the bank.