LifeRate Blog
Plain-English answers about life insurance in Canada — every figure dated, sources shown, and the hard questions handed to a licensed human.
What 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.
10, 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.