By Chantel Nowak and the Sun Life team
You know you need life insurance, but what kind do you need? By comparing the main types of life insurance available, you will be better able to choose the best one for you.
You might be wondering what is the best type of life insurance for you? By comparing the main types offered, you will be better able to choose the one that suits you best.
How can you get life insurance?
To determine or meet your life insurance needs, consider one of these three simple options:
Apply for life insurance online with Go Sun Life Insurance: Get a free life insurance quote.
Speak to a Sun Life Financial advisor who can help you understand the different options available. Find an advisor.
Why do you need life insurance?
Life insurance helps protect the financial security of the people you love. How? ‘Or’ What? By paying them a tax-free cash benefit upon your death. Even if you aren’t around to reap the benefits, you should make sure you have:
sufficient insurance; and
the right kind of insurance to protect everyone who depends on you.
What type of life insurance should you buy?
In life insurance, ready-to-wear does not exist. The insurance your parents have or your friend just purchased may not be the best for you. To help you choose the type of life insurance that suits me, you should think about:
your personal needs and current situation;
what stage of life you are in, and
what you can afford to buy. (The cost of life insurance can vary depending on age, gender, health status, lifestyle and medical history.)
The best solution might even be a combination of several types of insurance.
An advisor can help you choose the best option for you. Find an advisor now.
