Life Insurance Services in Canada
The contract between an insurer and a policyholder is known as life insurance. In return for the premiums paid over the policyholder’s lifetime, a life insurance policy ensures the insurer pays an amount of money to designated beneficiaries when the insured policyholder dies.
So, if the policyholder wants that life insurance services to remain in force then they should pay a regular amount in the given time. The insurance application must correctly report the insured’s past and current health conditions, as well as high-risk habits, in order for the contract to be enforceable.