Life insurance is not something you will take about it every day, but it's a life save when you need it.
Here are the top reasons why Canadians are buying life insurance
Did you know that whole life insurance can accumulate cash value over time? Some life insurance policies can serve as a way to save money without paying taxes on its growth.
You can use this money to buy your first home or invest in something else.
As you get older and decide to marry, have kids, or start a business, you'll see that life insurance is really important for your money plans.
Many Canadians getting a piece of mind knowing that life insurance can quickly provide money to support their family. It can avoid fees when passing on their belongings, and even create a savings fund for emergencies, without having to pay taxes on it.
According to LIMRA, a worldwide research organization in the insurance and financial industry here are the main reasons why over 68% Canadians own a life Insurance: