Life Insurance
Life insurance pays a tax-free lump sum to your beneficiaries when you pass away, helping your family cover the mortgage, debts, daily living costs and future goals such as education.
Who it's for
- Parents and young families
- Homeowners with a mortgage
- Business owners and partners
- Anyone with people who depend on their income
Options available
- Term Life Insurance (10, 20, 30 year)
- Whole Life Insurance
- Universal Life Insurance
- Joint and family coverage
Common questions
What is the difference between term and whole life insurance?
Term life covers you for a set period, such as 10 or 20 years, and usually costs less. Whole life covers you for your entire life and builds cash value over time.
How much life insurance do I need?
A common starting point is enough to replace several years of income plus pay off debts and fund future goals. Deepinder reviews your situation to recommend an amount that fits your family.
Is a life insurance payout taxable in Canada?
In most cases, the death benefit paid to a named beneficiary is received tax-free in Canada.
Talk to Deepinder Randhawa
Licensed Insurance Professional serving Ontario. Personalized advice, no obligation.
This page is for general information only and does not constitute insurance, tax, legal or investment advice. Coverage and eligibility are subject to policy terms and provider approval.