Question

 How much life insurance do I need in Canada?

Answer On One Hand: Income ReplacementThe personal finance website Moneysense's Canadian Capitalist section suggests a simple formula of income replacement. It argues that rather than worrying about debts... Read More »
http://www.answerbag.com/q_view/2039333

Top Q&A For: How much life insurance do I need in Canada

How much life insurance do I need?

To determine how much life insurance you need, add up your family's short-term needs upon your death, such as final expenses and outstanding debts. Next, add up the long-term needs like mortgage pa... Read More »
http://www.answerbag.com/q_view/1864991

How much term life insurance do you need?

According to Money magazine, a good rule of thumb is five to seven times your annual income (ten times if you provide the only income for your family). Consider what your spouse needs to pay for if... Read More »
http://www.answerbag.com/q_view/1793349

How much term life insurance does a person need?

If you have a family to protect, you need to make sure you have sufficient life insurance coverage in place, but it can be hard to know just how much coverage you need. Deciding how much life insur... Read More »
http://www.answerbag.com/q_view/1793330

Can an individual have more than one life insurance policy in Canada?

Individuals in Canada can have more than one life insurance policy. Employees can participate in group plans at reduced rates through an employer, and some group policies extend supplemental insura... Read More »
http://www.answerbag.com/q_view/1904261


feedback
loading