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What are the main types of life insurance?

You’re not alone in thinking about life insurance. For many Canadians, it’s an important part of a comprehensive financial plan. It can help your named beneficiary, such as your family, replace your income and fulfill their plans – such as going to university or retiring – in your absence.

But do you know what type of life insurance is right for you? And are you aware of what life insurance can do for you, beyond helping pay for a funeral and related expenses?

Let’s find out together.

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