Things you need to know:
- Loan insurance is not underwritten, it is not guaranteed.
- Loan insurance is expensive.
- You should be buying insurance when you are young & healthy.
- Your policy should be renewable so if your health declines you can still renew your insurance.
- Be very weary of be oversold insurance by salespeople. Get a financial plan so you know how much you need to live on.
Check out the video below. It is a U.S. video so replace 401k & ROTH with RRSP.

Contact us for more information on how we can help you assess you insurance needs or visit our services page.