Understanding life insurance
What is life insurance?
Life insurance means different things to different people. For your family, it might mean a financial safety net in the event of your death. For you, it likely means the freedom to enjoy everyday moments, knowing your family is financially protected.
How does a life insurance payout work?
Securian Canada offers a suite of options that work for a diverse range of Canadians with everyday insurance needs. Usually paid out in a lump sum, proceeds from life insurance can be used for everyday living expenses, mortgages, taxes, bills and funeral expenses.
How life insurance plans can help financially protect your family
A life insurance plan is especially important if you are your household’s primary income earner or a single parent. In the event of your death, it can be used to temporarily replace future income that would have supported your family.
Pay household bills
Pay mortgages, taxes, probate fees and funeral costs.
Maintain your family’s lifestyle
Help your family stay in their home, pay tuition and more.
Preserve your legacy
Designate it as an inheritance or as a final charitable donation.
Who life insurance coverage can help protect
Parents and growing families
A life insurance policy can help ensure your dependents are financially covered over the long term. Payment could be used for everything from tuition to housing or living expenses.
Homeowners and primary income earners
Life insurance may also be a good choice for homeowners and primary income earners. Should they pass away, a lump-sum payment can pay down a mortgage or replace lost family income.
Individuals planning for the future
Life insurance may also be a healthy financial choice for planning ahead and leaving a legacy for family. A policy might help pay taxes on a home or passed on as an inheritance.
How do I buy life insurance?
Life insurance can be purchased through one of our trusted distribution partners. Get connected now – our user-friendly digital platform makes it easy to find the plans you need and apply for coverage. You can also speak to one of our representatives who will be happy to guide you through the entire process.
FAQs
How do I check, adjust or cancel my life insurance coverage?
If you have any questions about your life insurance including checking your coverage amount, increasing, decreasing or cancelling your coverage, please contact us.
How do I submit a life insurance claim?
Please contact our claims department to initiate a life insurance claim. We’ll send you a claim package to complete and return.
Can I get another copy of my certificate of insurance?
Please contact us to get a copy of your certificate of insurance or renewal.
I quit smoking. How do I update my smoking status?
To update your smoking status, please contact us. We will send you the forms to complete and return by mail or fax.
How can I get information about my life insurance premiums?
If you have questions about your life insurance premiums, please give us a call.
How do I update my life insurance beneficiary information?
Please contact us to make beneficiary updates. We’ll email you the forms to complete and return by mail or fax. Please note that updates to beneficiary information must be received and processed by us in order to be effective. In some cases, additional information or consent may be required.
How do I update my contact information?
How do I update my payment information?
For credit card payment updates, give us a call to provide the updated information to one of our representatives.
If you purchased through CAA, you can update your credit card information through our billing information portal.
For pre-authorized debit (PAD) payment updates, please contact us. We’ll send you a copy of the PAD form to complete and return by fax or email.
Helping you build a secure tomorrow
We believe insurance is for everyone. It’s why we work with leading banks, credit unions, member organizations and many more partners to deliver everyday solutions for everyday Canadians. Simple solutions. Less friction. Protection you can trust. That's the Securian Canada feeling.
Learn more about life insurance
Why do I need life insurance?
Life insurance is one of the selfless gifts you can give the people who are left behind when you pass away.
Two ways to shop for life insurance
Here’s a novel idea: Start with what fits your budget.
Need support with your policy or claim?
With Securian Canada, you’ll get support whenever you need it, from real people who are keen to help. That’s what insurance should feel like.
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