Kanetix releases article on the top six life insurance myths in Canada Released by: Gregory Ellis Web Site: http://www.kanetix.ca Kanetix debunks the most common myths around term life insurance in Canada Email: pr@kanetix.ca Keywords: life insurance, term life insurance, insurance myths, kanetix, insurance shopping, online insurance Update Date: 7/25/2006 11:13:40 AM Hits: 199 Descrption:  TORONTO, July 25, 2006 –Term life insurance has many advantages. But understanding term life insurance and its benefits means sifting through the myths surrounding it. So kanetix took a look at the most common misconceptions about life insurance to set the record straight. Myth #1: If you don't work outside the home you don't need life insurance Just because there's no paycheque to replace, doesn't mean life insurance is unnecessary. How much it would cost to pay for childcare and housekeeping in the absence of a stay-at-home parent? A lot. Myth #2: Young people don't need life insurance Although unlikely someone will die during their working years, you're not insuring for what's likely to happen but instead, for the worst-case scenario. That's why life insurance is cheap for the young and healthy. In July 2006 at http://www.kanetix.ca/term-life-insurance quotes for a $250,000 10-year policy for a healthy 35-year old woman were as low as $173 a year, $215 for a male, and for a couple—as little as $268! You may even be eligible for 'preferred' rates that mean the annual premiums are even less! Myth #3: If life insurance is really so cheap there must be a catch There's no catch. A basic term life insurance policy will offer coverage so long as the premium is paid. Plus, premiums are fixed for the length of the term and won't increase. Myth #4: Don’t need it because the children are grown and the mortgage is paid Consider how a spouse would manage daily living expenses without the other spouse’s help? And what if the spouse outlived the deceased spouse by 10, even 20 years? Myth #5: Don’t need it because of coverage through an employer The truth is the amount of life insurance through an employee’s work may not be as much as the employee thinks, so review it first to see if it’s enough coverage. Don’t forget too, when an employee leaves for any reason, including retirement, coverage normally stops. Myth #6: It's a hassle to get Thanks to the Internet, getting quotes is fast, free and easy. Online quotes for term life insurance are available online at http://www.kanetix.ca/term-life-insurance from some of Canada's most respected and known insurance companies. About kanetix Since 1999, kanetix is Canada's leading national, online insurance marketplace. kanetix's insurance information and shopping service brings consumers and insurers together in a one-stop shopping environment. Each day, thousands of consumers visit kanetix to compare insurance quotes from a variety of Canadian insurance companies. kanetix visitors can select the insurance quote of their choice and where available, choose to complete the application for coverage online or purchase their policy over the phone. In addition to the insurance marketplace, kanetix is a leading provider of online insurance quotation technology and develops online quotation systems and websites for some of Canada's leading insurance providers. -30- Gregory Ellis Co-founder, kanetix 1-888-854-2503 www.kanetix.ca Contact infomation: 1-888-854-2503