Life insurance for new immigrants
Are you new to Canada? You may be insurable faster than you think.
People with PR are eligible for insurance with any company just like Canadian citizens. The only caveat to this may be if you are planning on leaving Canada permanently. That being said, if you are planning on staying in Canada and life takes you elsewhere, your insurance should still be valid.
Let’s look at the various categories of immigrants/visas:
People on open work permits are eligible for life insurance with some but not all companies. Assumption Life will insure you if you are on an open work permit.
Students are also eligible for insurance also with Assumption Life. But not with many other carriers.