Are Canadian families under insured?

1. Are Canadians under insured?
According to the Canadian Life and
Health Insurance Association, the
answer is yes.

2. • According to the Canadian Life and Health
Insurance Association, more then 20 million
Canadians are protected by life insurance with
an average amounts owned were $156,200 for
insured individuals and $312,200 for insured
households.

3. • That leaves approximately 30% of individuals
without important insurance protection as
well insured households only having an
average amount of $312,200 of life insurance,
this could represent many families being
underinsured in Canada.

4. • Creating awareness around the need for life
insurance is paramount there are many
brokers and insurance agencies in Canada
available to help with your insurance needs,
call a insurance professional whether you are
protecting your family your business there is
help out there.

5. • Author: Peter C. Choma an insurance specialist
with Solutions Financial
• Reference: Canadian Life and Health Insurance
Association. 2008 Edition of Canadian Life and
Health Insurance Facts
http://www.clhia.ca/e3a.htm