It’s easy to get started, here’s how…
Learn how life insurance can protect your loved ones
Life Insurance Basics
Term Life Insurance
Whole Life Insurance
Types of life insurance available for many Canadians
Although it seems there is a vast array of policy types and product names, they all come down to two forms of life insurance – term or permanent. As a guide, temporary needs should be covered with term insurance, while permanent needs with either term-to-100, whole life or universal life insurance. Often a combination or blended plan may also be better suited for you.
Different ways to shop for $500,000 coverage
Comparing quotes to start your life insurance shopping journey is good. You may focus, at the start, solely on the price when choosing a company. However, the best companies may offer additional benefits that give flexibility at a reasonable price.
Permanent Life Plans
About $320/month
Preferred health class
$500,000 of term-to-100
Pay premium lifetime
Coverage for lifetime
- Supplement survivor's income
- Coverage in retirement
- Final expense & estate giving
- Estate planning & tax obligations
Term Life Plans
About $21/month
Preferred health class
$500,000 for a 10-year term
Pay premium 10 years only
Coverage for 10 years only
- Home mortgage protection
- Primary income protection
- Families with young children
- Business debt obligations
Blended Life Plans
About $156/month
Preferred health class
$400,000 of 20-year-term
Plus $100,000 permanent coverage
Pay premium in full 20 years
- For temporary needs
- Plus permanent needs
- Final expense & estate giving
- Business succession planning
Please note that all information shown is for illustration purposes only. This information and any calculations shown should not be considered advice and may not apply to your needs, objectives and personal circumstances.
Many trustworthy companies work with IDC Insurance
IDC Insurance is the leader in the direct distribution of life, living benefits, health, travel and group insurance products. We simplify online quote comparison and help Canadian families, business owners and solopreneurs find the best rates for the right coverage.
Let our advisors guide you through this important decision
Life insurance in Canada is best handled with the help of an independent advisor that provides impartial guidance. Our advisors represent the whole market and not just one single provider. We are the best when it comes to helping you get the best product at the lowest rates and avoid costly mistakes.
More Canadian families choose IDC Insurance advisors
IDC Insurance aims to help Canadians get the insurance they need at the best possible rates given their unique requirements and health history by working closely with licensed insurance experts and underwriters at major insurance companies.
If you are looking for assistance and guidance in acquiring long term care insurance I would look up Richard Parkinson (more…)
I would like to say thank you for your excellent service. I would have no hesitation in recommending you to friends and family. (more…)
The one comment I’ve heard from friends is that they couldn’t believe I was dealing with someone out of BC (more…)
It was great working with you. Darren was great to work with! He was knowledgeable, straight forward and courteous. (more…)
Having obtained this life insurance has made me a less stress human being. Knowing that if something ever happens to me. (more…)
The reason we chose to use Torrie as our agent for purchasing life insurance was because of her knowledge, patience and persistence. (more…)
We just wanted to take a minute and say “Thank you” for all your help. You were very knowledgeable of the providers of the (more…)
I tried finding insurance quotes online, but having a private pilots license always seemed to cause problems. Monika was able to find me insurance (more…)
Find affordable protection for your family and business
Protect your family…
Protect your assets…
Protect yourself…
While travelling…
Review of Desjardins life insurance products - features, pricing, pros/cons, and whether it's the right choice for you
Industrial Alliance Insurance Reviews: Discover Canadian life & health insurance options, pricing, customer ratings, pros & cons from this...
Get info on RBC Life Insurance Company's affordable term, whole life, and universal life insurance policies. Learn pros &...
In-depth review on Manulife Life Insurance in Canada: products, costs, pros & cons. See if their term, whole or...
