Life Insurance in Canada: Are Canadian Under Insured?

According to the Canadian Life and Health Insurance Association, more then 20 million Canadians are protected by life insurance with an average amounts owned were $156,200 for insured individuals and $312,200 for insured households. That leaves approximately 30% of individuals without important insurance protection as well insured households only having an average amount of $312,200 of life insurance, this could represent many families being underinsured in Canada. Creating awareness around the need for life insurance is paramount there are many brokers and insurance agencies in Canada available to help with your insurance needs, call a insurance professional whether you are protecting your family your business there is help out there. Author: Peter C. Choma an insurance specialist with Solutions Financial Reference: Canadian Life and Health Insurance Association. 2008 Edition of Canadian Life and Health Insurance Facts

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