Term insurance is an affordable insurance policy that provides financial protection for a specific period. You can choose the period of your term policy, be it 10, 15, 20, or 30 years. The beneficiaries of your term insurance policy will get the death benefit if you pass away while your policy is active. Your heirs will receive a tax-free lump sum payment which they can use whichever way they want. Term insurance can be a smart, logical choice for many young people and families just starting.
Contact Canadian LIC to get access to the best insurance brokers, and if you want to go for a term life insurance policy, then take the suggestion of an expert term life insurance advisor from Canadian LIC today before making your decision.
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