Canada Universal Life Insurance – Life Insurance Calculator

Understand Life Insurance Prior to Buying It

How many people actually understand what life insurance is? Life insurance is a contract, above all, that binds one party (the insurance company) to pay a sum of money upon the death of the insured of the life insurance contract, in return for premium payments by another party (the policy holder). They do not need to be the same party, the policy holder can, and often is someone other than the insured. Sometimes a spouse can take out insurance on the other spouse; the one who takes it out is the […]