Contact Us:


Age Differences in Life Insurance Choices

Age Differences in Life Insurance Choices

November 02, 20233 min read

Age Differences in Life Insurance Choices

By Praveen Arora, Licensed Insurance Advisor in Delta, BC

Life insurance is an important financial tool that can help protect your family and loved ones in the event of your death. But with so many different types of life insurance available, it can be difficult to know which one is right for you.

Age is one of the most important factors to consider when choosing a life insurance policy. As you get older, your risk of death increases, so your life insurance premiums will also increase. However, there are still a number of affordable life insurance options available for people of all ages.

Here is a brief overview of the different types of life insurance available in Canada, and how your age may affect your choices:

  • Term life insurance is the most common type of life insurance. It provides coverage for a specific period of time, typically 10, 20, or 30 years. Term life insurance is typically the most affordable type of life insurance, but your coverage will end if you outlive the term of your policy.

  • Whole life insurance is a type of permanent life insurance that provides coverage for your entire life. Whole life insurance is typically more expensive than term life insurance, but it also builds cash value over time. This cash value can be accessed while you are still alive, and it can be used for any purpose.

  • Universal life insurance is a type of permanent life insurance that offers more flexibility than whole life insurance. With universal life insurance, you can choose how much coverage you want and how much cash value you want to accumulate.

Life insurance for immigrants from India to Canada

Immigrants from India to Canada may face some unique challenges when choosing a life insurance policy. For example, some life insurance companies may charge higher premiums to immigrants, or they may require them to undergo a medical exam.

However, there are a number of life insurance companies in Canada that specialize in providing coverage to immigrants. These companies typically understand the unique needs of immigrants, and they offer a variety of life insurance policies that are designed to meet those needs.

Life insurance for super visas

The Super Visa is a Canadian immigration program that allows parents and grandparents of Canadian citizens and permanent residents to live in Canada for up to two years at a time. To be eligible for a Super Visa, the applicant must purchase a Super Visa medical insurance policy.

Super Visa medical insurance policies are designed to cover the applicant's medical expenses while they are in Canada. These policies typically cover things like doctor visits, hospital stays, and prescription drugs.

Adults who are looking for different insurance because theirs timed out

If your life insurance policy has timed out, you may be wondering what your options are. There are a number of things you can do, including:

  • Renew your policy: Most life insurance companies allow you to renew your policy without having to undergo a medical exam. However, your premiums may increase if you renew your policy.

  • Purchase a new policy: If you are not happy with the terms of your current policy, you can purchase a new policy from a different company. However, you may have to undergo a medical exam if you purchase a new policy.

  • Convert your term life insurance policy to whole life insurance: If you have a term life insurance policy, you may be able to convert it to a whole life insurance policy. This can be a good option if you want to keep your coverage for life.


No matter your age or circumstances, there is a life insurance policy that is right for you. If you are not sure which type of policy is right for you, talk to a qualified insurance agent. They can help you assess your needs and find the best policy for you and your family.

Contact Praveen Arora, your licensed insurance advisor in Delta, BC, today to learn more about your life insurance options.

blog author image

Praveen Arora

Praveen Arora is a seasoned life insurance advisor located in British Columbia, Canada. With an extensive background of over 8 years in the industry, Praveen has had the privilege of serving a diverse clientele of 500+ individuals. Her experience and knowledge in the field allow her to provide valuable insights into the realm of life insurance. Passionate about simplifying complex concepts, Praveen aims to offer informative content that resonates with both the local community in BC and a broader audience interested in understanding life insurance better.

Back to Blog

© 2023. Praveen Arora.
All rights reserved.