Short answer
Mississauga families should size coverage from the mortgage, the income the household relies on and anyone they support, then subtract savings and work coverage. The family protection calculator gives you that number in about two minutes.
Run your number The family protection calculator shows how much your family would need and what is missing today. No-cost, no obligation.
Leaning on work benefits
Mississauga is home to many large employers and head offices, and plenty of families rely on the group life insurance that comes with the job. That coverage is often a multiple of salary and usually ends when you leave. Use the work coverage check to compare it to your family's number.
Supporting parents or family abroad
Many households in Mississauga help support parents here or send money to family overseas. If people count on that support, add it to your number.
Condo, townhouse or detached
Whether you own a condo near Square One or a house in Meadowvale, start with what you still owe and the monthly costs your family would keep paying, including condo fees.
Close to the airport, often on the move
Frequent travel for work or family is common here. Mention travel plans when you apply, since insurers ask about them.
Frequently asked questions
Is group life insurance through work enough?
Sometimes, but it is often a fixed multiple of salary and usually ends when the job ends. Compare it to your family's number.
Should I count support I send to family overseas?
If someone relies on that money, include it when you work out how much coverage your family needs.
Do you work with one insurance company?
No. Jackson compares multiple insurance, segregated fund and benefits companies, so you can see options side by side.
Is the person I talk to licensed?
In Ontario, life insurance agents are licensed by FSRA. You can confirm any agent's licence on FSRA's Licensing Link before you meet.
Sources and further reading
This page is general education, not personal advice. Rules can change, so check the official sources above. In Ontario, life insurance quotes are prepared by a licensed life insurance agent.