Canadian Insurance Strategies

Infinite banking borrows against permanent life insurance. The pitch skips thin early cash values, loan interest, and tax above the policy’s cost basis.

Neither channel is a cheaper premium on this page. FCAC says a broker sells several insurers and an agent represents a company. Compare the same term, face amount, and health class.

Lower the premium by comparing the same liability limit and deductibles, and by dropping coverage you have replaced on purpose. This page does not publish a percent off.

In 2026, insure the paycheque you cannot replace first, then a term death benefit sized to a gap. Premiums are personal. This guide does not rank insurers.

There is no national term-life cost-by-age table in Canada. Age is one driver, and Canada Life’s January 2026 examples mix term, face amount, and smoking.

The best term policy in 2026 matches the years you need, guarantees that premium, and names your beneficiary. This page does not rank insurers.

Mortgage life insurance is optional creditor coverage that pays the lender. It is not CMHC default insurance. Personal term life pays a beneficiary you name.

Self-employed disability insurance replaces your draw. In 2026, EI sickness pays at most $729 a week for 26 weeks. CPP disability maxes at $1,741.20 a month.

Group life and disability end when you leave the plan. The death benefit is generally tax-free. Employer-paid group life premiums are a taxable benefit.

Private dental coverage can block the Canadian Dental Care Plan even if you never use it. Eligibility still requires adjusted family net income under $90,000.

Basic auto insurance is public in B.C., Manitoba, and Saskatchewan, split in Quebec, and private elsewhere. This page lists mandatory structures, not premiums.

Government plan, then employer plan, then an individual policy for the residual. Riders, lender mortgage life, and a second travel policy are where Canadians pay twice.

A corporation can turn part of a life insurance death benefit into a capital dividend. That is an estate tool, not salary replacement.

Your provincial plan is not a travel policy. Pre-existing stability, trip length, and age cutoffs decide the claim — and trip cancellation is a different product from emergency medical.

Replacement cost, a stated rebuild limit, sewer backup, and a short-term rental are where Canadian property policies quietly stop. Landlord and tenant policies do not cover each other.

Critical illness insurance pays a lump sum for a covered diagnosis, not a salary. Skip it when disability coverage and cash already fill the hole.

The definition of disability, who pays the premium, and the switch to any-occupation decide the claim. A group plan's percentage of salary does not.

Term life is the default when the income need is temporary. Permanent coverage fits a lifelong dependant, estate tax, or a corporation.

Size life insurance with human capital, DIME, or expenses, then subtract offsets. Group life that ends with the job is not permanent.