Insurance
Life Insurance for Seniors in Canada: A Practical Guide to Term Coverage, Family Protection, and Mortgage Needs
Life insurance for seniors in Canada is often less about buying the largest possible policy and more about matching coverage to a real financial purpose. For some households, that purpose is helping a spouse replace lost income or maintain housing costs. For others, it may be covering final expenses, supporting adult children with shared obligations, or protecting a remaining mortgage balance. In many cases, seniors begin by comparing affordable term life insurance with permanent coverage.