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Questions & Answers on Getting Life Insurance

From our Partners at Blue Cross Life

We all have questions about choosing the right life insurance. It can seem so complex. As you’ll see here, there are common questions, and answers from one of the most respected life insurance brands in Canada, Blue Cross Life.

What is Life Insurance?

Life Insurance provides a one-time payout to your loved ones in an amount of your choice when purchasing a policy. This is designed to give you the peace of mind you need in the event you pass away.

How Does it Work?

For most policies, you pay a fee for an amount of coverage on your life. If you pass away with this coverage, your loved ones named in the policy can make a tax-free claim for the amount of money insured to cover funeral expenses, pay off a mortgage and more.

Do I Need Life Insurance?

If you are married, own a home, have children or significant financial commitments or want greater peace of mind, it’s something you should consider. The money you leave behind can help your loved ones reduce their financial stress as they struggle with your passing.

How Much Do I Need?

Everyone is different, which is why it’s important to select the right level of coverage for you and your situation. The financial peace of mind for you and your loved ones can be secured affordably with a monthly or annual payment schedule.

Learn more about how you can get a Blue Cross Life Insurance quotation and purchase the right coverage for you online or by phone in as little as 15 minutes.

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