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It’s true that your age and health status have the most impact on how much life insurance companies will charge you for coverage. But could the city you live in impact how much you pay in premiums?
It definitely can — albeit in a few less-than-obvious ways.
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Regardless of where you live in Canada, the two biggest factors that impact the cost of life insurance are your age and your health status. The life insurance application process is pretty much the same across the country, too. However, the city you live in does indirectly impact how much life insurance coverage you need.
Learn about life insurance from Canada Life and compare quotes from Canada’s top life insurance providers.
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Canada Life was founded in 1847, making it Canada’s first domestic life insurance company.
The company is headquartered in Toronto and serves customers across the country. It was independently run until it was taken over by Winnipeg-based Great-West Lifeco — the owner of London Life — in 2003.
Great-West Life, London Life, and Canada Life will all operate under the Canada Life brand name starting in 2020.
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