LifeRate Blog
Plain-English answers about life insurance in Canada — every figure dated, sources shown, and the hard questions handed to a licensed human.
Whole life isn't an investment. When it's still right.
Estate liquidity, lifelong dependants, maxed registered room — the three real use cases.
Life insurance after 60: what's actually available
Term to 80, permanent, and final-expense products — what the options really are at older age bands.
Coverage & NeedsYour work life insurance is 2× salary. Is that enough?
Group cover is inexpensive but not portable — and usually a fraction of what a household actually needs.
Life Insurance BasicsWhat happens to your life insurance if your insurer fails? Assuris protection explained
Every life insurer licensed in Canada must belong to Assuris, which guarantees at least 90% of your benefits — or $1,000,000 for a death benefit — if your insurer fails. The current limits, the four failures since 1990, and why carrier choice isn't a solvency gamble.
Term vs Permanent10, 20, or 30 years: how to pick a term length
Match the term to the liability — mortgage, kids, income window — rather than to the lowest quote on the page.
Life Insurance Basics2026 mid-year term rate roundup: who moved, who held
Only one major Canadian insurer announced a term life rate cut in 2026 — and it did so while the bond yields that drive term pricing were rising. What each carrier announced, what they didn't, and what it means if you're buying now.
Coverage & NeedsMortgage life insurance vs. term life insurance in Canada
Bank mortgage life insurance pays a shrinking benefit to your lender; term life pays a level benefit to whoever you name. What the FCAC comparison table and the banks' own certificates actually say — and the narrow cases where creditor coverage still wins.