Intro to Life Insurance

Learn how life insurance can help secure your family’s financial future.

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What is life insurance?

In short, it's a policy that pays money to your loved ones when you pass away.

Life insurance is a contract between you and the insurance company that will pay your loved ones in case of your passing. The insurance payout can pay off debts like a mortgage, cover the cost of living for your family for the coming years, pay for your child’s education or fund your spouses’ retirement.

Each life insurance policy is different. We help you find the right coverage for you.

Common types of life insurance

Term Life Insurance
Features:
Protection for a limited time
Premiums increase after initial term
Best suited for temporary needs - mortgage, children's education
Only includes a death benefit
No change in death benefit
Lower premiums for the initial term
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Whole Life Insurance
Features:
Protection for a lifetime
Premiums never increase
Best suited for long term needs - final expenses, estate planning, retirement
Builds cash value to withdraw/borrow
Potential for death benefit to grow
Higher initial premiums
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Who needs life insurance?

Protect your home by paying off your mortgage balance

Insurance 101 grid homeowners

Homeowners

Build a strong financial future for your spouse

Insurance 101 grid new parents

New Parents

Cover final expenses and leave a financial legacy for your loved ones

Insurance 101 grid retirees

Retirees

Help cover living expenses and maintain a healthy financial future

Insurance 101 grid singles

Singles

Coverage to pay for all the hidden costs of running a household

Insurance 101 grid parents

Stay-at-home Parents

Ensure the financial future of your dependents, no matter what happens

Insurance 101 grid caregivers

Caregivers

Protection for your business, employees, and business partners

Insurance 101 grid business owners

Business Owners

Estate planning strategies to protect your assets

Insurance 101 grid high net worth

High Net Worth

Insure your children's financial future for a low monthly cost

Insurance 101 grid children

Children

Who needs life insurance?

Homeowners
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Protect your home by paying off your mortgage balance
New Parents
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Build a strong financial future for your spouse
Retirees
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Cover final expenses and leave a financial legacy for your loved ones
Singles
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Help cover living expenses and maintain a healthy financial future
Stay-at-home Parents
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Coverage to pay for all the hidden costs of running a household
Caregivers
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Ensure the financial future of your dependents, no matter what happens
Business Owners
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Protection for your business, employees, and business partners
Wealthy Individuals
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Estate planning strategies to protect your assets

Get life insurance in 3 easy steps

1. Choose your coverage amount

Select the right coverage amount using our Online Calculator. Your coverage can be adjusted even after you’re approved.

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2. Apply online

No more face-to-face meetings. We take care of your application online. After you apply, we work to get you the right coverage fast.

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3. Start your coverage

Once the underwriters finalize your application, your policy is active. Dundas Life’s team of qualified professionals are available to assist you with any future policy changes or updates.

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Employer-sponsored (group) life insurance

Group life insurance is insurance offered through your work. You may already have some coverage provided to you as an employee benefit.

Coverage through your job usually only covers a fraction of your insurance need. We recommend taking the Dundas Life Insurance Assessment to ensure no gaps in your coverage.

Experts  recommend 2020 policy worth X10 your salary

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