How does Cover Direct Family Life Insurance work?
Cover Direct Family Life Insurance is protection that helps to ensure your loved ones have some financial help in place if the worst were to happen. There are two types of policy available: term life insurance and whole of life insurance (also known as permanent life insurance). With a term life policy, the term lasts between 10 and 30 years depending on your age. If you die during the term, your legal beneficiary will receive a cash amount. With a whole of life policy, you’ll be protected for life. That means that whenever it is you die, your loved ones will receive a cash amount. A member of our expert team will explain all of the details over the phone.
You must be a Canadian resident aged 18-65 to apply for coverage2. Our coverage is exclusive to us and can only be arranged directly. Simply choose a benefit amount with a monthly premium that you can afford, and you’ll have protection in place for your loved ones.
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