I'm young, why do I need insurance?

Available only in Quebec.

"Insurance" is not really a hot topic if you are young. You probably aren't married, don't have kids and aren't paying a mortgage, but you may have a sizable student loan to repay. You therefore have at least one good reason to find out about the advantages of getting insurance.

Your insurance needs

There are many types of insurance available: life, disability, critical illness, accident insurance, etc.. Other types of insurance can provide coverage Coverage: Protection offered by an insurance policy in exchange for the payment of premiums.   for specific events such as a trip.

The following table will help you map out your insurance needs.

Your concerns	Our solutions
What happens to my debts if I die prematurely?	On your death, your loved ones could have to pay all of your debts, including any student loans, if you don't have enough savings to repay them. If you have enough insurance, your loved ones will not be saddled with this financial burden. In case of death, Savings-Life Insurance can cover your debts, including your government student loans. If you have a credit card Credit card: Plastic card issued by a credit company (e.g., VISA) that you can use to make purchases on credit and pay for them at a later date. , Credit Balance Insurance can help pay off the balance indicated on the credit account statement. If you have a personal loan, Loan Insurance will pay off the insured portion of your net loan.
Who will pay for my funeral expenses if I die prematurely?	On your death, your loved ones could have to pay for your funeral expenses. In case of death, Savings-Life Insurance could cover your expenses, including your funeral expenses, and prevent your loved ones from being stuck with this financial burden.
What happens if I am involved in an accident or if I am dismembered?	You can take all the precautions and follow all the safety tips, but accidents still happen! Accirance, Personal Accident Insurance can help you pay some of the expenses incurred following an accident (medical care, specialized treatment or emergency transportation) or can provide you with: an indemnity in case of dismemberment (outfitting your home, renting a wheelchair, etc.). compensation for the loss of a summer job.
What happens I get sick or am involved in an accident while travelling?	If you travel outside your home province, the provincial health insurance plan only reimburses the amount that you would be entitled to for similar care received in your home province. Travel Insurance complements the provincial health insurance plan and covers some of the additional expenses for health care received elsewhere in Canada or abroad. These additional expenses often amount to hundreds, if not thousands of dollars.

Find out more about Life and health Insurance