Joint Life Insurance in Canada: LifeBuzz Explains Why the Survivor Loses Coverage

This is one of the biggest drawbacks of first-to-die policies. LifeBuzz's family life insurance news guide on joint life insurance in Canada warns that after the death benefit is paid upon the first death, the policy terminates completely. The surviving partner is left without any life insurance coverage and must qualify for a new individual policy — potentially at a higher cost or with health conditions that make approval difficult. LifeBuzz urges Canadian couples to carefully consider this risk. Visit LifeBuzz for the full coverage gap analysis and planning strategies to protect the surviving spouse.

https://lifebuzz.ca/joint-life....-insurance-in-canada

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