"Why many older parents of young children are underinsured – and how they can get protected" - the Globe and Mail

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September 17, 2025

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New study explores why many older parents of young children are underinsured and outlines steps they can take to secure better financial protection for their families.

Advisors warn that the longer people wait, the more expensive it becomes to purchase an insurance policy because of their age and potential health issues.

A new report from Angus Reid and PolicyMe shows Canadians are cutting back on insurance amid the rising cost of living, yet 25 per cent aren’t sure their families would be secure financially if they passed away unexpectedly.

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Fully Covered Conditions are critical illnesses for which, once all applicable criteria and waiting periods are met, the full Critical Illness Benefit is paid. The benefit is paid as one lump-sum amount equal to the total coverage amount shown in the policy.

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