Financial Learning Centre
Insurance
Life, health, and disability insurance explained in plain language — what each type actually covers, and how to tell if you need it.
Last reviewed June 15, 2026
Reviewed for accuracy and clarity by Sandeep Singh before publication. Learn about our editorial process.
Insurance exists to protect the people who depend on you, not to be sold as a product. This section walks through the actual mechanics of life, health, and disability coverage so you can evaluate what you need before anyone tries to sell you anything.
Everything here applies to insurance products licensed under LLQP in Canada, including segregated fund basics.
New to insurance? Start here.
Featured beginner guides
What Is a Segregated Fund?
An insurance-based investment product with guarantees a mutual fund doesn't offer — and the tradeoffs that come with them.
2 min read
InsuranceTerm vs. Permanent Life Insurance: What's the Difference?
The real tradeoffs between the two, without the sales pitch — and how to tell which one fits your situation.
2 min read
InsuranceHow Much Life Insurance Do You Actually Need?
A plain-language walkthrough of the numbers, without the sales pitch — including a step-by-step calculation and the mistakes worth avoiding.
6 min read
All Insurance articles
What Is a Segregated Fund?
An insurance-based investment product with guarantees a mutual fund doesn't offer — and the tradeoffs that come with them.
2 min read
InsuranceTerm vs. Permanent Life Insurance: What's the Difference?
The real tradeoffs between the two, without the sales pitch — and how to tell which one fits your situation.
2 min read
InsuranceHow Much Life Insurance Do You Actually Need?
A plain-language walkthrough of the numbers, without the sales pitch — including a step-by-step calculation and the mistakes worth avoiding.
6 min read
Key terms
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