What is Life Insurance and How Does Life Insurance Work in Canada | LifeBuzz

 Life insurance is a legal contract between you and an insurance company. LifeBuzz shares Life Insurance news: in exchange for regular premium payments, the insurer guarantees a tax-free lump sum called the death benefit to your designated beneficiaries upon your death. Four key parties are involved—the policyholder, the insured, the insurer, and the beneficiary. Understanding How Does Life Insurance Work in Canada empowers you to protect loved ones financially. Discover the fundamentals through LifeBuzz's expert Canadian insurance guidance for families seeking financial security.  

What is Life Insurance and How Does It Work in Canada?

#HowDoesLifeInsuranceWorkInCanada #LifeBuzz #LifeInsuranceNews #DeathBenefit

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