Canadian looking for life insurance-term or Universal? Which company would you opt for?

Question

I have gotten quote for Universal Life from RBC and Co-operators. They seem reasonable priced but still shopping around for something suitable. I'm 30 and my husband is 33 and we are both non-smoker

Answer 1

I have dealt with both companies and both are good life insurers.  My personal preference (of the two) would be The Cooperators.  Dealing with a cooperative vs a bank is a big difference in my experience.

As an independent broker I have a bias towards dealing with independent insurance brokers.  We can shop the market on your behalf.  This is especially important if you have ANY medical, lifestyle or occupational concern. (for example - blood pressure, marijuana use, pilot)

I suggest you also get a quote from a local, independant broker if you want another perspective.  Otherwise, go with Coop  

Hope that helps.