Canadian Family Life Insurance

Canadian Family Life Insurance is a type of life insurance, available in the North, that will pay a lump sum to your family when you pass away. If you’re a Canadian resident aged 18 to 65, you’re eligible to apply for coverage. This coverage is not yet available in Quebec. Your loved ones could use the benefit amount to help cover outstanding debts like a mortgage, car repayments or other day-to-day expenses.

When you are applying for Canadian Family Life Insurance you choose the lump sum (benefit amount) that will be paid to your family if you pass away, with a monthly premium that you can afford. Generally, the younger you are when you apply the higher the amount of life cover that you can apply for.

Family life can be unpredictable and nobody knows what the future holds. If something were to happen to you, your family could struggle financially with funeral costs, loan repayments or daily expenses. In the North, getting cover can often be a long and tedious process. It’s our mission to make securing life insurance quick and simple, because protecting your family is one of the most important thing you’ll do in life. With our Family Life Insurance, you can ensure your loved ones have some financial support to carry on if you were to pass away suddenly.

The type of life insurance cover you need depends on what you want it to be used for. Canadian Family Life Insurance can be used by your loved ones to help with loan repayments, such as an outstanding mortgage or a car loan, daily expenses, or it could provide support for your kids or other dependents. It could also be left behind as a gift.