Is Buying a 10 Year Terms Policy Enough?

Savings Budget for buying a 10 Year Terms Policy

Free Advice on 10 Year Term Life Insurance Canada

A ten-year term insurance policy is one of the most popular types of life insurance purchased by Canadians – yet for many people it will prove to be a very bad choice.

In many cases, people have to renew their policies after ten years at huge premiums because they have had a serious medical issue. In other situations, people have a serious disability and realize their ten-year term policy does not address this need at all.

Being the cheapest solutions available, term policies are an overrepresented life insurance choice. To make sure you are addressing the risks of purchasing a ten year term policy it is important to speak with an experienced life agent.

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All product names, trademarks, and trade names are the property of their respective owners. The Insurance Council (BC, AB, SK, MB), Financial Services Commission (ON), Chambre de la Sécurité Financière (QC), The Superintendent of Insurance (NB, NL, PE, NS) are the provincial and federal authorities that regulate, supervise and enforce standards for life insurance professionals. IDC member websites include: Life Insurance Newspaper, Employee Benefits Newspaper

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