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Your Guide to Affordable Term Life Insurance in Canada
Are you looking for an affordable term life insurance policy in Canada, but you’re not sure what to look for, or how to create your ideal protection plan?
This page will talk you through all the essentials you need to know so you can find and apply for an affordable term life insurance quote and get a rate that makes sense for you and your loved ones - without breaking the bank.
One of the biggest benefits of using term life insurance over other life insurance products is its affordability.
Blue Cross Life is committed to offering flexibility and versatility with our coverage. This way, you can find your perfect balance between cost-effectiveness and future financial protection.
It’s important to remember that a term life insurance policy covers you and your loved ones during the most important, and often stressful, times of your lives.
Because of this, you’ll need customizability to build a policy that fits your unique situation. This is something you won’t always get with permanent life insurance - even though it’s often more expensive.
If you want to explore how Blue Cross Life’s Term Life Insurance costs stack up against our competitors, take a look through the charts below:
There are some simple tips that you can follow in order to get the most affordable term life insurance rates, such as:
Start out with a shorter term plan - If you’re getting a policy when you’re young, and you’re concerned about your growing financial responsibilities impacting your budget, this is a great way to maintain some protections from an early age. You may be able to easily renew at the end of your term, depending on your age at the end of the term.
Don’t get TOO much coverage - It can be easy to say you want the maximum amount of coverage for your loved ones, but it’s important to remember how much this can impact your affordable term life insurance rates.
Apply with your partner - One of the benefits of signing up for Blue Cross Life’s Term Life Insurance policies is that you can enjoy 10% off the cost of your first year of premiums, when you apply with your spouse.
Bridge the gap to retirement - If you’re around the age of 60, and you’re considering retiring soon, shorter (but affordable) term life insurance policies can ensure debts are repaid, mortgages are covered, etc.; especially if you’re losing group benefits through your employer when you retire.
Balancing cost and coverage amount with your term life insurance plan can be a challenge, which is why it can be so beneficial to seek guidance from an insurance advisor. They may be able to provide insights you hadn’t considered, in relation to your specific needs and situation.
Another benefit you can enjoy when requesting affordable term life insurance quotes from Blue Cross Life is that your quotes are always quick, easy, and free.
It only takes about 20 minutes to fill out your application, and you can always modify the plan specifics to adjust the rates up or down, until you find a combination that fits both your budget and protection needs.
Flexibility, personalization, and cost-effectiveness are three of the most important elements to look for in your term life insurance company to get affordable quotes, as well as reliable, custom-tailored protection.
Every person has a unique situation, which requires term life insurance solutions that can be built around you; rather than trying to fit your needs inside a box created by term life insurance companies.
Affordable or not, lack of customization limits your ability to control exactly how much value you’re getting from your policy versus its cost. Spend some time thinking about what you really need from your term life insurance policy. Ask yourself some important questions, such as:
These questions will help you narrow down the search for the specifics that you’ll need as part of your term life insurance policy, so that you can find a provider that supports all these needs affordably.
Now that you understand more about what to look for in your affordable term life insurance quotes, you may be ready to start creating your own perfect plan through Blue Cross Life.
Some of the features available through our affordable term life insurance policies include:
Need a bit of extra assistance? That’s what our expert advisors are here for! Book a consultation with one of our advisors today, and they can help you identify the perfect affordable term life insurance quote to meet your loved ones financial needs for the future.
Or get started today with Blue Cross Life’s intuitive online quote calculator. It only takes a minute to get started, and in 20 minutes, you could be looking at an accurate, personalized, and affordable term life insurance quote.
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Term Life and Critical Illness Insurance products are underwritten by Blue Cross Life and distributed by PolicyMe Corp.
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