Purchasing the right life insurance policy takes careful planning. This comprehensive guide walks through the key steps Canadians need to take, from determining your coverage amount, researching providers, getting quotes, completing applications, undergoing medical exams, and securing approval. Whether you need term or permanent insurance, this article provides practical strategies, considerations, and money-saving tips for buying life insurance tailored to your family’s needs and budget. Gain valuable insights on navigating this important financial decision in Canada.


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How to Save Money Buying Life Insurance in Canada

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