We’ve all seen the ads; save money with low cost life insurance! Over, and over again you’ll see these ads online, in print, on the radio and television “Cheap life insurance today!” Thing is, most of these ads make it seem like it’s a sale, for a limited time only and if you don’t get it now you’ll miss your chance. This is simply not true, so don’t believe the hype.

Fact is finding low cost coverage at an affordable life insurance rate is not all that difficult; many life insurance shoppers would even say it’s easy. All it takes is some comparison shopping, which you can do with just one visit to Kanetix.ca! By entering some very basic information you’ll see life insurance quotes from some of Canada’s top life and health insurance companies. Life insurance companies like AIG, RBC Insurance, Canada Life, Unity Life, Equitable Life, AXA Assurances, Desjardins, IA Pacific, Transamerica and Standard Life are featured to provide you with instant online quotes.

Find cheap life insurance by comparing quotes and shopping around.

More tips on finding low cost life insurance

1. Pick term life insurance. Whether you buy Term 10 (10-year), Term 20 (20-year) or Term to 100 (a policy until you reach age 100), term life insurance typically offers you the most coverage for the least amount of money, making it--you guessed it--cheap life insurance! Term life insurance is popular because of its affordabilty, a result of there being no investment or saving component. It’s also popular with people who would tell you to “Buy term, and invest the difference.”
2. If you're healthy, avoid guaranteed issue policies. Guaranteed issue policies may sound great because they don’t require a medical exam, but it is for this same reason, that they are generally more expensive. A guaranteed issue policy is available to everyone, healthy or not, which means the premiums have to be higher. If healthy, you will get better life insurance rates by buying a life insurance policy that requires a medical questionnaire or exam.
   Note: Guaranteed issue policies are great for people who are unable to get any other life insurance. While it may be more expensive then a standard policy, it is still worth having a guaranteed issue policy over having no life insurance coverage at all.
3. Buy only what you need. While it's not a good idea to buy too little insurance, buying too much will only cause your insurance premiums to be more expensive than they should be. So before you buy, review your needs and what you want to achieve and go from there. Consider what you want your life insurance coverage to pay for:
   • Funeral arrangements?
   • Outstanding balances owed on a mortgage or other debts?
   • The loss of your income for months or even years?
   • The future education of your children?
   • All or a combination of all the above?
   You’ll find many industry folks suggest that the amount of life insurance coverage you should buy should be five to ten times your annual, before-tax, income.
   Of course, there are always exceptions to the rule; sometimes the more you buy, the cheaper the life insurance policy. While not always true, some life insurance companies will charge you less to get you to purchase a slightly larger policy. For example, if you are considering buying $200,000 in coverage, get quotes for the next most common face amount, $250,000 to see the difference.
4. Married, or in a relationship? If you’re looking to get life insurance for yourself and your spouse or partner, then consider buying one joint policy, instead of two individual policies. The premium is usually about 15% less for a joint life policy than 2 single life insurance policies of the same coverage amount.
5. Save money by paying your annual premium all at once. Instead of setting up a monthly payment plan pay your premium once, each year. Almost all life insurance companies will charge you a little extra to cover the cost of administering your payments every month.

Now you’re fully armed with great money-saving tips for finding low cost life insurance that offers you the protection you need. Click to shop for cheap life insurance quotes.