Income and care
Years of income to replace and the value of unpaid care at home.
Life insurance, explained around real life.
Start with what you want to protect. The right policy type, amount, and term depend on your circumstances and the options available to you.
Explore my directionWhat life insurance does
Life insurance generally pays a death benefit to the named beneficiary when the insured person dies while qualifying coverage is in force. The beneficiary can use that money according to their needs.
Term and permanent at a glance
This is a starting point, not a recommendation. Exact features, premiums, renewals, exclusions, and availability depend on the policy and insurer.
| Consideration | Term life | Permanent life |
|---|---|---|
| Coverage period | Set number of years or to a stated age | Designed for lifetime coverage while in force |
| Cash value | Typically none | Some products may build cash value |
| Often explored for | Income years, debt, mortgage, dependent children | Estate needs, final costs, long-term legacy goals |
| Premium pattern | Can change at renewal depending on the contract | Depends on the permanent product and contract |
| Best next question | How long does this need last? | What long-term role should this coverage play? |
What might shape your coverage amount?
There is no universal number. A thoughtful estimate considers the commitments that would continue and the resources already available.
Debts and housing
Mortgage, loans, rent, and other obligations shared with others.
Future goals
Education, business continuity, charitable giving, or family support.
Existing resources
Savings, workplace benefits, existing coverage, and survivor income.
Questions worth bringing to the conversation
A good discussion makes room for trade-offs and shows what is included, what is excluded, and what may change later.
Do I need to know which type I want?
No. You can start with “not sure.” Your goals, budget, time horizon, and available products help shape the conversation.
Will this website give me a final premium?
No. Any actual premium depends on an insurer’s process, including eligibility and underwriting. Dreams2Legacy’s online form only starts a request.
Should I send medical details in the form?
No. Please do not include health, medical, banking, identity-document, or payment information in the website forms.
Can a policy change after it starts?
Policy terms differ. Ask about renewals, premiums, conversion options, exclusions, beneficiaries, and what happens if a payment is missed.
For independent background, visit the Government of Canada’s guides to life insurance, determining insurance needs, and getting insurance.
Bring your life—not a policy number.
Tell us what you are working toward. A licensed representative can help turn that into questions and options to review.