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AnswerI don't know about the average Canadian but the general rule of thumb is 6-8 times your annual income depending on your personal circumstance and needs.
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Q: What level of life insurance does the average Canadian have?
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What are some Canadian life insurance companies?

"Some Canadian life insurance companies are Canada Life, AARP, Matrix Direct, LSM Insurance, Mozdex, Allstate, Aviva Canada, National Bank Insurance, and AXA Group."


Who are some Canadian whole life insurance policy providers?

Some Canadian whole life insurance policy providers are State Farm Canada, LSM Insurance, MJW Insurance, Essential Benefits, and The Canada Life Assurance Company.


Where can one apply for a Canadian term life insurance?

There are several options for one to apply for Canadian term life insurance depending on ones situation and needs. These options include Sun Life Financial, Canadian Financial, and Kanetix.


Where can one purchase Canadian term insurance?

One can purchase Canadian term insurance at various on-line insurance companies. For example Sun Life Canada and Canada Life both have this product available.


Where could a Canadian purchase life insurance?

Life insurance is an important protection to have. Canadians can purchase life insurance through a local independent broker, or online at LSM Insurance.


What are some Life Insurance Companies in Canada?

Major banks have life insurance divisions such as the Royal Bank of Canada. The major US insurance companies have Canadian subsidiaries e.g. All State Insurance. An example of a Canadian life insurance company is the Dominion of Canada General Insurance Company headquartered in Toronto, Ontario.


What is the average Canadian males life span?

According to the CIA's World Factbook the life span of the average Canadian male is about 78.69 years


What are average life insurance payout amounts?

"The average amount of life insurance coverage on insured husbands is $235,600 "


What is the average life expectancy of a Canadian?

it is about 70


What type of life insurance is used as mortgage insurance?

Usually a level term life insurance policy would be used for mortgage loan life insurance protection. Level term offers coverage for a duration of 10, 15, 20 or 30 years with a level premium and level amount of coverage provided by the policy for the entire duration of coverage. Another option is decreasing term life insurance where the premiums remain level but the amount of life insurance coverage decreases each year throughout the life of the term insurance policy.


What are the names of some Canadian insurance brokers?

Some Canadian insurance brokers are the Allstate Insurance Company of Canada, Assumption Life and Aviva Canada. Other companies include The Co-operators and National Bank Insurance.


Which insurance company took over Canadian premier life of Winnipeg Manitoba?

Empire Life Insurance - 1-800-561-1268