Personal Finance

Looking for good deal in Life Insurance

  • Last Updated:
  • Feb 12th, 2021 12:08 am
[OP]
Newbie
Nov 8, 2015
8 posts
Mississauga, ON

Looking for good deal in Life Insurance

Hi,
I never took any Life Insurance till date. I am looking for a good and Cheap Life Insurance.
Also wondering what plan should I choose - Term vs Permanent.

Kindly suggest any good providers with good rates. This is for me and my wife.

Thanks in advance.
2 replies
Deal Addict
Aug 1, 2006
1664 posts
1212 upvotes
Toronto
Here's a place you can get quotes on different insurances:
Insurance hotline

Term vs Permanent life insurance is a huge debate. Here's a link to a RFD discussion group where they differentiate the different types.
RFD life insurance link
Deal Fanatic
Jul 1, 2007
8468 posts
1532 upvotes
Find a good, qualified insurance broker, with at minimum a CLU after their name, ideally also a CFP. By broker I mean not someone who works for any insurance company, but someone who can get quotes from a bunch of companies. A good insurance advisor/financial planner will determine you goals and needs and find the right product, as opposed to just trying to sell you what you don't need.
Money Smarts Blog wrote: I agree with the previous posters, especially Thalo. {And} Thalo's advice is spot on.

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