– In Canada, you can find various types of life insurance, including term life, whole life, and universal life insurance. Each type serves different
needs and offers distinct features.

While employer-provided group insurance can offer some coverage, it’s often a good idea to have a personal life insurance policy. Personal
coverage can be more tailored to your needs, is portable, and can provide additional financial security.

The amount of coverage you need depends on your individual circumstances, including your financial obligations, such as mortgage, debts, and
the needs of your dependents. It’s best to assess your unique situation with a financial advisor.

Critical illness insurance provides a lump-sum payment upon the diagnosis of a severe illness. Whether it’s necessary depends on your specific
circumstances, risk tolerance, and financial goals.

Travel insurance for Canadians traveling abroad typically covers medical emergencies, trip cancellations, lost luggage, and more. It’s essential to
understand the coverage and consider the specific risks of your destination.