#lifebuzz

Renewable and convertible term life insurance provides important flexibility for Canadians. These features help protect against future coverage gaps if your health changes or you need permanent protection after the initial term ends.  

This guide ranks over 150 life insurance providers in Canada based on financial strength, pricing, policy options, and customer experience. It helps Canadians choose the right insurer for their needs.  

Provincial and territorial laws govern common law relationships in Canada. Rights regarding property, support, and inheritance vary significantly by province. Proper legal planning, such as cohabitation agreements and wills, is essential to protect both partners.  

In British Columbia, couples who cohabit in a marriage-like relationship for more than two years are recognized as spouses under the Family Law Act. This gives them rights similar to those of married couples regarding property division and support.  

In Alberta, the term “common law” has been replaced by “adult interdependent relationship” since 2003. Couples who qualify receive many of the same legal rights as married spouses regarding property, support, and inheritance.  

In Saskatchewan, couples who cohabit continuously for two years are recognized as common-law spouses. This gives them similar legal rights to married couples regarding property division, spousal support, and inheritance.  

Canadians have an average life expectancy of 82.16 years. This statistic significantly influences life insurance premiums and policy design, as insurers use longevity data to assess risk and calculate costs. Understanding these numbers helps with better financial planning.  

Securian Canada focuses on no-medical-exam coverage for older and higher-risk Canadians, filling an important gap that larger insurers often cannot serve effectively.