Best Term Life Insurance in Edmonton, Alberta, Canada

A LIP is a legal agreement. The terms & conditions legally bind the both parties (you & the LI provider). The death benefit is the sum of money the insurance company will pay to your beneficiaries in exchange for the premiums you paid. A life insurance policy is a safety net that can help your loved ones maintain their standard of living and continue with the plans you have made for them.

Term insurance & permanent LIP are the two most common kinds. In the first two years after purchasing a policy, most forms of life insurance do not cover suicide. Besides natural causes of death, LI also pays out for accidental deaths and murders. Exceptionally rare scenarios in which a life insurance claim could be denied include when the beneficiary is accused of murdering the insured or when someone claims the policyholder was forced to change the beneficiary.

Choose wisely and get maximum advantages

Finding the best life insurance in Edmonton among all the available possibilities can seem daunting. First, you will need to make a choice between term and permanent insurance. If you only need life insurance for a set period, term life insurance could be a good option. If you are on a tighter budget, term life insurance is a viable option.

• Your premiums will be lower if you purchase coverage when you are younger.
• Women tend to outlive men by about five years. As a result, men pay more than women do.
• Your LIP premiums are heavily influenced by your health status.
• Your life expectancy will be determined after the insurance company reviews your medical history
• Your LIP may be higher if you have a poor driving record, or engage in particularly risky professions

We can help you choosing the right type of life insurance policy after assessing your profile and budget. At Hope Insurance, our registered, experienced, insured, and professional advisors will be happy to host your requirements!