Personal Finance

Life Insurance Q&A - w/ FAQ Section

  • Last Updated:
  • Nov 10th, 2017 3:52 pm
Deal Addict
User avatar
Nov 2, 2002
1143 posts
122 upvotes
Toronto
Thanks for the info and advise. I do have critical illness insurance as part of my Mortgage. It took it knowing that I am the only person that can pay for the mortgage and if I ever get a major illness, the mortgage is suppose to be paid off. (At least that's the sell pitch).

I'll call the insurance company and request the ACB and go from there.
Celebrating 15+ years on RFD!
Newbie
Nov 13, 2017
1 posts
Hi all,

see lots of good discussion in this forum,
need some info for life insurance ...

my age 38 yr Male, non smoker, salary 85 k , Life insurance employer - 2 times , LTD - Maximum 100K.
wife part time working , salary 15K --- son 10 yr old.
No loan so far, but house purchase and mortgage is planned in next 2 yrs.

Q1 - Planning for term insurance of 500K, 30 year term for myself. is this sufficient?
Q2 - Critical illness is normally part of Term life insurance ?
Q3 - Got quotes from Manulife, GW, Sun life and TD , RBC, Banks ----- which one would be less troublemaker , if claims...

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