Friday, April 8, 2011

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 http://www.clhia.ca/e3a.htm

35 comments:

  1. life insurance Chandigarh helps you to provide financial security for your family to protection cover when life springs up unpleasant surprises, insurance provides it all. It even takes care of the educational needs of your kids. Unlike other investment avenues, LIC give you the much needed all round protection throughout life.

    ReplyDelete
  2. The statistics that you have shared about Canadians is alarming one. I think its really important to have a proper insurance policy as future is unpredictable. People have to be made aware about the need and importance of insurance policy.
    commercial property insurance

    ReplyDelete
  3. I do not think this will be an issue in the not so distant future, AXIS a Bermuda based insurance holding company is one the insurers that just signed a tax treaty with Canada that will allow Canadian insurance companies to form offshore branches and pay little tax just.

    Look for in 2012 Canadian citizens having privatized healthcare and tax benefits to boot!

    ReplyDelete
  4. What's funny is that most Americans think that all Canadians are properly insured. It looks like no matter where you are, there is always going to be someone who needs coverage.

    ReplyDelete
  5. Great statistic about lifeinsurance.The amount $156,200 is large amount for individual .instant insurance

    ReplyDelete
  6. When you think of your home or business, you think of a safe haven. We offer house security systems and comprehensive security.

    ReplyDelete
  7. To be underinsured is a risk. As per above blog Canadians should really take care at their life insurance coverage amount. They should increase it for proper financial security.

    ReplyDelete
  8. You Should Be Making Life Insurance Decisions During Each Life Stage.

    http://www.affordable-auto-insurance-quote.com

    ReplyDelete
  9. Can you please give me some information about health insurance for confined space rescue experts.

    ReplyDelete
  10. If you want to see the mind blowing article with real facts and figures, this has really tremendous impacts on readers.

    security equipment

    ReplyDelete
  11. Great Blog!! That was amazing. Your thought processing is wonderful. The way you tell the thing is awesome. You are really a master.


    Insurance Agency Framingham MA

    ReplyDelete
  12. It even takes care of the educational needs of your kids. Unlike other investment avenues, LIC give you the much needed all round protection throughout life.
    cruise agency

    ReplyDelete
  13. Most Americans think that all Canadians are properly insured. It looks like no matter where you are, there is always going to be someone who needs coverage.
    cheap car insurance in California

    ReplyDelete
  14. Thanks for taking the time to discuss this, I feel strongly about it and really like mastering a lot more on this topic. If feasible, as you acquire expertise, would you thoughts updating your weblog with a lot more information? It is very useful for me. info@ralf(女の子ラルフ).com

    ReplyDelete
  15. I think awareness is really needed among people to understand them that life insurance is not just a plan but a plan where their families can be secure and he can get relief too.
    Same Day Loans

    ReplyDelete
  16. Wow! I didn't know that,you are providing very nice information.
    I really like your efforts!
    Final expense

    ReplyDelete
  17. People should also give important to visitors travel insurance when they are traveling to other countries.

    ReplyDelete
  18. For your very existence policy, you could include an accidental death benefit rider which states when you had been to die within an accident the insurance company would pay your help to the need for twice the quantity of life insurance you requested. life insurance quotes

    ReplyDelete
  19. Life insurance policies are of several types starting from term life insurance plan which is one a specific duration i.e. for a period of 10-20 or even 30 years of time and is mostly opted to people above the age of 40 or people with a chronic illness. But I think 20 year term life insurance policy is very reasonable for such people.

    ReplyDelete
  20. I think Canadian are more protected with life insurance.It is important to have insurance policy as the life is unpredictable.Thanks for such updated post.
    payday loan company

    ReplyDelete
  21. The Canadian knows how to insure their future, clever people..
    פנסיה

    ReplyDelete
  22. This is the least expensive form of life insurance from med life insurance in which a substantial death benefit could be achieved on a coverage amount per premium dollar basis over the term of insurance.

    ReplyDelete
  23. Thank you! Very helpful blog!

    ReplyDelete
    Replies
    1. Excellent post. All the points mentioned are very important and informative. Thank you for coming up with such brilliant article.
      aussie expat loans

      Delete
  24. This comment has been removed by the author.

    ReplyDelete
  25. Interesting post. Would love to find more ressources like this. I will have a look at your blogroll - hope you have one!
    Commercial Auto Insurance California

    ReplyDelete
  26. insurance are helpful for student while for people start own business and getting money. Make money online

    ReplyDelete
  27. we really need to be insured, thank you for sharing this information try this PPLIC

    ReplyDelete
  28. Your blogs are truly awesome I have no words to praise for your blogs.whole life insurance no physical

    ReplyDelete
  29. I don’t waste my free time that’s why I read the informative things when I got this blog I really enjoyed reading this.life insuance

    ReplyDelete
  30. The author of your blogs and articles and contents is really appreciating.
    jointtermfirst to die policy

    ReplyDelete
  31. I'm delighted to mature so additional functional and informative collection on your web site.
    lifeinsurancerates.com

    ReplyDelete
  32. Nice article.The content is to the point. I really like your post also see free double down codes

    ReplyDelete