Question 1

Do I need life insurance?

Accepted Answer

If people depend on you financially, or you don't want your family to pay for your funeral, life insurance is one way to leave them money. Whether you need it depends on your savings, debts and wishes. A licensed advisor can help you decide.

Question 2

How is final expense insurance different from other life insurance?

Accepted Answer

It usually has a smaller benefit and a simpler application, often with health questions instead of a medical exam.

Question 3

Is a medical exam required?

Accepted Answer

Many final expense policies don't require a medical exam. You will usually answer some health and lifestyle questions, and your answers affect eligibility and price.

Question 4

Is the benefit taxable?

Accepted Answer

In Canada, life insurance death benefits paid to a named beneficiary are generally received tax-free. Check with a tax professional for your situation.

Question 5

Does LegacyCare Canada sell insurance?

Accepted Answer

No. We publish educational guides. If you click "Request a quote", you're taken to a third-party partner who handles quotes. Their terms and privacy policy apply.

Question 6

Is coverage available in Quebec?

Accepted Answer

The partner products we link to are not available in Quebec.

Question 7

What happens after I request a quote?

Accepted Answer

The partner will contact you to ask some health and lifestyle questions and explain the options. There's no obligation to buy.