Life's a Risky Business: Understanding Different Insurance Types
By Elaine Sambugaro | June 30, 2001
What are the different types?
Great West Life, Canada Life, UNUM and Maritime-Aetna are the leading Canadian insurance companies that offer DI.
With a conditional renewable policy is suited to someone in a fixed profession, such as a lawyer, accountant or office position. The main drawback to this option is that if the holder changes jobs, the policy could be discontinued or the premiums could change.
The guaranteed renewable policy, the coverage can never be cancelled. However, premiums can go up if the policy holder changes jobs or positions.
Experts in the field recommend getting a non-cancelable policy. This policy cannot be changed or cancelled without your approval, and this policy can not have its premiums rise (except for non-payment of premiums).
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