Insurance
Life Insurance for Seniors in Canada: Why Coverage Needs Often Change With Age
As Canadians move through retirement, their reasons for reviewing life insurance often change. A policy once chosen for income replacement may later be reassessed for final expenses, spouse support, or leaving a defined benefit to family. The Financial Consumer Agency of Canada explains that life insurance can help cover debts, funeral costs, and other needs, while its insurance guide outlines the difference between term and permanent coverage.