Life Insurance for those in Brampton, Mississauga, GTA

Choosing Life Insurance for people and families in the Brampton, Mississauga and GTA is an important decision. We can help answer your questions.

In the simplest terms, Life insurance is a contract made between an insured (insurance policy holder) and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the "benefits") upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum. Other expenses (such as funeral expenses) are also sometimes included in the benefits.

A proper financial plan can mean the difference between leaving your loved ones well-positioned financially and leaving them to cope with debts and an inadequate income. Life insurance is used to protect the financial security of the people you love most. A life insurance policy pays a cash benefit, tax-free, to your beneficiaries when you die. The amount of money for which you are insured and the type of insurance you buy depend on your needs. People can get life insurance through work (some employers offer it through group benefits plans. This type usually ends when you leave the employer.)or they buy it on their own (usually from an insurance advisor).