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Do Canadians have life insurance?

Asked by Anonymous Oct 12, 2026 1 views 1 answers
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Answered Oct 13, 2026
Yes, millions of Canadians maintain life insurance protection to safeguard their families against unexpected financial hardships, mortgages, and final expenses. A significant percentage of Canadians acquire baseline life and disability coverage through group insurance plans bundled automatically with their employment benefits or held within their registered retirement savings or superannuation-equivalent structures (such as Group RRSPs), while others purchase individual term or permanent policies to supplement their long-term financial security plans.
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