Check out some of our sample Calgary life insurance quotes for our 20-year term coverage, offering a coverage amount of $250,000:
Woman, aged 36, non-smoker from Brentwood: $22.38/mo
Man, aged 32, non-smoker from Dalhousie: $26.33/mo
Woman, aged 46, non-smoker from Varsity: $49.49/mo
Man, aged 42, non-smoker from Crescent Heights: $48.53/mo
Man, aged 30, smoker from Acadia: $50.43/mo
But you can still get access to some of the best Calgary life insurance options from recommended term policy providers, like PolicyMe for example.
Financial resiliency means your family can cover everyday necessities in every circumstance. Your Calgary term life insurance policy can help provide both you and your loved ones with more peace of mind.
Many people know that getting a mortgage can be a great time to get the additional financial security that can come with a life insurance policy. If you pass, your loved ones can cover the mortgage with life insurance.
The government of Alberta lists these as the biggest insurers in the province:
The top life insurance companies in Calgary are:
Who needs life insurance in Calgary, Alberta is dependent on each family's unique circumstances. If someone relies on your income, a life insurance policy can help make sure they’re financially protected in the future — no matter what happens.
Whether you have a newborn or you’re already saving for college for your young teens, many parents understand the value of taking out life insurance to help provide for their children’s future in the case of their passing.
Life insurance is also a priority for many couples. The older you are, the more security life insurance can provide you and your partner. Calgary life insurance can help give you both more peace of mind in your later years.
The best insurance in Calgary is one that fits your family's needs and financial goals, provides the most affordable life insurance rates, and offers a stress-free application process.
What are your life insurance options? There are several different kinds of life insurance products available. These can offer you different life insurance benefits.
There are two main types of life insurance: whole life insurance and term life insurance. When you take out whole life insurance in Calgary, your life insurance will provide coverage throughout your lifetime.
In comparison, many people go for term life insurance because it’s typically the most affordable option available. You’ll only have to pay for the years you consider the highest risk (such as when your children are young). This means that you’ll typically pay far less each month than if you opted for whole life insurance.
It’s worth getting life insurance in Calgary if your family relies on your income. In the event of your passing, your family get access to a lump sum that they can use to spend on everyday necessities. Your loved ones could spend this money on whatever they choose — school expenses, mortgage payments and bills.
Depending on your coverage needs, Calgary term life insurance can be as affordable as two cups of coffee.
Curious what happens to the money you pay for life insurance in Calgary? Each month, you’ll pay an affordable monthly premium.
If you pass away during the length of your term, your family is given a tax-free lump sum to spend as they wish.
You can trace a life insurance policy in Calgary, Alberta by submitting a request with the OmbudService for Life and Health Insurance (OLHI).
To do this, you need to provide evidence of your policy — such as payments listed on a bank statement. And your loved one needs to have passed away in the last three months to two years. You’ll need to provide evidence of their passing, such as a death certificate.
Once you have this evidence, you can submit your request to the OLHI. The OLHI will contact insurance companies registered with the OLHI and ask them to search their policies. Up to 99% of Canadian life insurance companies have a membership with the OLHI.
But in the rare case that your provider is not with the OLHI, they won’t be able to help locate them for you. Don’t fret, your loved one’s ex-employer can potentially help; get in touch with them to find out if they know who the policy is with.