New question in Life Insurance FAQ

Posted on August 6, 2011 and updated August 8, 2011 in Life Insurance Canada News, Life Insurance FAQ 1 min read

New question in Life Insurance FAQ:

I had a few questions with regards to coverage on Life Insurance plan from Canada Life. if one takes the plan in Canada and later moves to an international location for e.g. Asia, would the 1)insurance coverage still be valid internationally and 2)If the person passes away in the international location, will the family still be able to claim the money out?

Thanks for the questions 1) Yes your coverage would remain inforce as long as the policy is paid to date 2) Yes the claim would still be vaid and the funds would be paid out in Canadian dollars assuming all the initial application questions were answered correctly

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