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How To Save Money On Life Insurance in Canada

For many people in Canada life insurance isn’t a priority in their youth. Some of these individuals only start thinking of or considering insurance after attaining a certain age, which shouldn’t be the case at all. Although you might be neutral about it, it is highly advisable to consider or even get life insurance as soon as you start your career or have dependents. Although you might be young and healthy, you never know what the future holds, which is a reason you need to think/buy life cover.
Whatever your age or income is, getting life insurance is one of the best decisions you can ever make. This will help take care of your loved ones, especially during unfortunate times of need, cushioning them for some time until they can get back on their feet. It is also worth noting that life insurance comes in different packages and can be customized to suit one’s age, financial, and lifestyle needs. However, it would help if you window-shopped and researched the best life insurance in Canada before settling for the most appropriate and affordable one that fits your unique needs. Life insurance doesn’t have to be expensive. Below are a few tips and tricks on saving money on life insurance.
- Stay/Live Healthy
Make an effort to stay healthy and keep fit, and your premium costs will be much lower than anyone that doesn’t mind their health or physical fitness. This, however, entails keeping an eye on everything from the foods you eat (nutrition), leading an active lifestyle or exercising, managing stress, and getting enough sleep. Keeping your body weight in check and avoiding certain lifestyles/habits, including heavy alcohol consumption, smoking, etc., will help keep premium rates at the bare minimum.
- Buy The Right Coverage
Consider buying just ‘enough’ life cover based on your health and specific needs. This is especially important at the beginning, where you can upgrade the coverage as needed. An excellent example of this is if you don’t have a family or dependents, the minimum life cover would be just OK. You can upgrade the coverage as years go by and have a family and people that look up to you.
- Pay Upfront
Paying all your annual premiums upfront (in one lump sum) could also save you some money. One reason for this is that some insurance companies add service fees and other charges to each payment, making it a bit more expensive in the long run if you pay in smaller amounts or throughout the year. Be sure to look out for these charges with your preferred insurance company before paying in one lump sum.
- Choose And Maintain a Term Life Policy
Term and permanent life insurance are the two most common and preferred life insurance policies. Term life insurance is designed to provide cover for a certain/determined period or specific needs. This can be in the form of years or paying for something, say college or a mortgage. It often is the most flexible and affordable, with some converting it to permanent insurance as time goes by. Permanent life insurance, on the other hand, is designed to last a lifetime and only pays benefits upon the holder’s death. Although a nice option, you could save a lot by choosing term life and then servicing it through.
- Research On Different Policies/Features/Providers
Window shopping for different providers also makes it easier to compare various features and policies offered by the same. Some insurance providers will provide more features on specific policies than others. That said, you might want to focus on providers offering feature-rich policies but at an affordable rate. Comparing policies and features offered by different providers will give you the upper hand in determining the best one to buy from.
- Combine Policies with Your Spouse
Some insurance providers offer discounts for those that buy/combine policies with their spouses through the same company.
- Add Your Child’s Insurance to Your Policy
A good number of providers and policies also allow parents to add their children’s insurance to their policy. One of the advantages of combining such is that all your kids will be insured under one policy for a unit price, saving you a lot in the long run. The kids can, however, choose to transfer the insurance to an individual policy after attaining the legal age (21).
- Buy Life Insurance Early
Although you might know this, life insurance premiums cost much more for older adults than youths. This is because older adults are considered higher risk than the younger generation, a reason a youngster will pay less in life insurance premiums than their parents. Getting life insurance at a tender age could also help keep your premiums low.
These are some of the ways you can save money on life insurance. You can also find out more about this from your preferred insurance provider.
Also Interesting
Property Markets in Alberta and B.C. Show Strong Momentum

Calgary and Edmonton have both seen a steady level of property sales in recent months.
People who want to buy homes have focused on the location of each property. In both cities, there are options in both new developments and established neighborhoods. Pricing has stayed stable compared to some Canadian markets. Buyers often look at access to schools, parks, and workplaces as they make their choices. New construction projects have brought more units onto the market in some areas.
Condos and single-family houses both see attention. Some buyers prefer newer houses on the outskirts, while others choose homes near central districts. Demand for rental units has risen in many areas of Alberta as well. In most markets in this province, there are properties at a range of different price points.
Strong Buyer Interest in British Columbia
In Vancouver and other large cities in British Columbia, property purchases have stayed at a high level. Buyers study the location, price range, and future changes in each community before making an offer. Areas close to public transit, work, and schools often get the most interest. The supply of homes for sale can be limited, especially for single-family houses near the city center.
Home builders in some parts of British Columbia continue to start new projects. Suburban towns near Vancouver have seen people move from central communities as they seek different price points and more space. Most sales activity comes from a mix of local people and those considering a move from other regions.
Comparing Regional Housing Trends
Markets in Alberta and British Columbia have shown strong sales volumes in both urban and suburban neighborhoods. Buyers in Calgary and Vancouver have sought properties for their location, price point, and plans for future development. In comparison, other cities like Montreal and Ottawa have seen less change in housing demand.
Toronto homes for sale draw buyers based on inventory, neighborhood perks, and pricing. Properties in these areas often attract people considering options across Canada, leading to more balanced market activity in each region.
Influences on Current Demand
The activity in Alberta and British Columbia is shaped by different factors. Economic stability, employment rates, and population growth all play a role. In Calgary, job growth and a reasonable cost of living make the city attractive for new arrivals. Many companies offer positions in energy, construction, and services. This consistent employment keeps more people interested in both renting and buying homes.
British Columbia sees demand for property due to its location near the Pacific, a large service economy, and its climate. Many buyers see homes close to workplaces and public amenities as valuable. The limited space in some Vancouver neighborhoods can lead to more competition for each listing. New government policies on housing and lending may also affect the way buyers choose their properties.
Supply Factors and Market Balance
Builders respond to demand with new projects in both provinces. In Alberta, building new single-family homes or townhouses is common, especially in the outskirts of cities. This can help stabilize prices and supply for buyers who want new properties. By contrast, British Columbia often sees apartment and condo developments due to limited land near city centers.
Inventory levels can still be tight in some parts of both provinces. A limited number of new listings can cause more competition and keep prices firm. In some suburbs, developers offer new construction, while some older core neighborhoods have homes that are renovated or improved. The mix of these options shapes buyer and seller choices week by week.
The Effect of Amenities and Community Features
People choose homes not just for size or price, but also for access to amenities. In Alberta, neighborhoods with nearby schools, healthcare clinics, and parks see steady sales. In British Columbia, walkability, transit options, and access to local shops are important to people buying properties.
Communities that blend these features with reasonable prices often see more interest. Safety, commuting time, and local services also play roles in how buyers look at each listing. Some buyers prefer new developments that offer updated services and features, while others seek established communities with a track record of maintenance and stability.
Urban and Suburban Patterns
Both Alberta and British Columbia show activity in city centers and outer areas. In Calgary and Edmonton, downtown condos appeal to people who want to live near work or entertainment venues. In outer districts, large homes and yards attract buyers who want space and quiet.
Vancouver shows a similar split. Central neighborhoods offer easy access to employment and culture, while areas further out often mean lower prices and larger lots. Over time, people may move from one type of neighborhood to another as their priorities change.
A Look at Pricing and Future Supply
Property prices in Alberta have not risen as quickly as in some other Canadian regions, making the market accessible for many first-time buyers. British Columbia sees higher average prices due to demand and restraints on new supply, especially for new houses in city centers.
Plans for more new units are in place in several Alberta and British Columbia cities. This includes condos, single-family houses, and mixed-use buildings that can serve a range of buyers. Future building projects may affect future prices and supply levels if they proceed as planned.
Summary
Property markets in Alberta and British Columbia continue their activity due to local demand, supply, and economic factors. Buyers in Calgary and Vancouver pay close attention to location, price, and development plans. Cities in Alberta and British Columbia offer a mix of options for people seeking different types of homes at various price points. Local amenities, market inventory, and employment opportunities all shape the activity in these property markets. As local conditions change, builders and buyers keep adjusting their decisions according to their most practical needs and preferences.
Also Interesting
The Best US Hopes for Wimbledon 2025: Who Could Break the Curse at SW19?

For American tennis fans, Wimbledon has turned into a tournament of nostalgia and heartbreak. The days of Pete Sampras being the biggest name on grass feel like a lifetime ago – and while Serena Williams has done well for the U.S., she’s now out of the picture. And in recent decades, the men’s title hasn’t been lifted by a US player since Sampras back in 2000 – a quarter of a century ago, no less.
But as we start gearing up for Wimbledon 2025, there’s hope in the air. There’s a whole new generation of American talent—both men and women… And it’s finally starting to break through. With some pretty strong grass-court performances over the past year, there’s actually a bit of hope that maybe the stars and stripes could do it again… finally.
So, let’s take a closer look at the top U.S. contenders for Wimbledon 2025.
Taylor Fritz
When it comes to the American men, Taylor Fritz has to be the most consistent threat. Currently ranked inside the ATP top 10 – at number 4 no less, he’s matured into a well-rounded player, with a game suited perfectly to grass courts. He has a powerful serve, a clean ball-strike, and super sharp net play… and he could be dangerous at Wimbledon.
Last year he made it to the quarters before going out in a five-setter – and this time around, he’ll want to get at least one step further. Obviously, it won’t be easy going against the likes of Carlos Alcaraz and Novak Djokovic—both of whom are the names dominating the Wimbledon betting odds—but if the draw opens up, he could enjoy a serious run.
Ben Shelton
Fritz might be the reliable American option, but then there’s Ben Shelton – very much a wildcard. The 22-year-old exploded onto the scene with a deep run in the US Open in 2023, and while grass isn’t necessarily his natural surface, he’s nothing if not adaptable. And with his huge serve and fearless playing style, he’s a complete nightmare to go against in best-of-five tennis.
Shelton showed plenty of promise in the 2024 grass court season – with strong showings at Queen’s Club and Halle. And if he gets hot, we wouldn’t be too surprised to see him crash the quarterfinals or beyond. If you’re looking for a dark horse, he could be your guy.
Sebastian Korda
Of all the American men, Sebastian Korda is arguably the best suited for a grass game. Tall, elegant, and technically impressive, it’s almost like he was built for Wimbledon. He managed to make it to the fourth round in 2021 but has struggled with injuries ever since. However, if he’s fit and healthy, his court coverage and touch could cause issues for even the best player.
If he is in top form going into Wimbledon 2025, he could surprise some of the higher seeds. He’s already beaten some of the top-10 players on grass, and he’s someone with the mentality to perform well even on the biggest stage.
Coco Gauff
Let’s look at the women… and here we have Coco Gauff, who is unquestionably our biggest Wimbledon hope. Still only 21 years of age, she already has years of Grand Slam experience under her belt—and she even has a US Open title to her name. Her big breakthrough came at Wimbledon back in 2019 when she famously beat the legendary Venus Williams… at just 15 years old. Since then, she’s just gotten even better, especially on faster surfaces.
Her serve is one of the best on the WTA Tour, and her athleticism makes her a tough contender out on grass. With the main competitors being Iga Świątek, who struggles on this surface, and Elena Rybakina, who lacks consistency, this could potentially be her year.
Madison Keys
And we really shouldn’t count out Madison Keys – the 29-year-old who still has the power game to do serious damage on grass. And she got all the way to the Wimbledon quarter finals as recently as 2023.
Her huge serve and flat groundstrokes always work well on grass… and with her experience, she could get a long way if the competition goes her way. Wimbledon is about fearless aggression… and Keys has that by the bucketloads. She may not be the favorite – but savvy fans know that, if the form and conditions are right, she could make it at least to the semis.
Will it be the year for the US at Wimbledon? It’s hard to say… and we’d definitely need a bit of luck on our side. But at Wimbledon, anything is possible!
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