Life Insurance For Mortals: How Much Is Too Much And How Do We Know?

Talking about life insurance doesn't exactly scream fun. Most of us don't like to think about what happens when we die, and putting money away each month towards that eventuality can feel like a grim reminder of what we'd prefer to forget. For the more morbid among us, it might even feel like we're willing it to happen. So, it's understandable that many people choose to avoid the subject entirely. In fact, a recent survey shows that most Canadians don't have any life insurance at all.¹

But life insurance is important. So far, every human being on earth has died (Marilyn Monroe, Gandhi, etc.) and the odds are you will, too. That's why it's crucial to ease the financial burden on the people you love by putting plans in place—not that that makes it simple. Even for those of us who already have a policy, it's normal for questions to arise, especially as changes like new jobs, new kids, and even the rising costs of inflation impact our financial footing. Are my