There are many reasons why one would seek life insurance coverage but if you have children or other dependents, life insurance should be a priority. Most of us understand the needs for having life insurance coverage, but what type of insurance would best suit you for your needs? When looking at options, applicants have been unable to avoid the debate over term vs. permanent insurance. It is important to choose wisely as the wrong type of coverage can have an big impact on your loved ones.

It’s no secret that times are tough. Canadians are making changes to their spending habits and according to the TD Insurance State of Insurance Report (http://www.newswire.ca/en/story/999989/from-coverage-to-claims-canadians-are-making-insurance-cutbacks-in-bumpy-economic-times), insurance is one of the areas getting cut.