Group Term Life Insurance & Individual Term Insurance

Canadian Lic14 Apr, 2025Finance

Not sure whether Group or Individual Term Life Insurance is right for you? We've summarized some key differences in our blog so you can understand the features and limitations of each option. Essentially, Group Term Life Insurance is offered through your employer, whereas an Individual Term Life Insurance policy will often provide a more customized product for your unique protection needs. Keep reading more on each term life insurance pros and cons, when to assess your individual needs to purchase insurance, and which term life insurance coverage option is best for the situation. All the information you need to make an informed decision is here!