A recent study conducted by Manulife about Canadian Life Insurance has found that Canadians are grossly under insured. This is something that we all knew for a long time, but had a hard time admitting.

It seams strange that would be the case, Life Insurance in Canada is available just about anywhere these days. From Life Insurance Agents that call people at their homes, to Banks and Mortgage companies, and now the internet, it is so easy to get online life insurance quotes.

Most people surveyed at first said that they did have enough insurance, but when furher questioned, they did not know how much they had at all.

Turns out that they realized that most of them had much less life insurance then they had thought.

The benchmark of how much life insurance you should have is about 10 times your annual salary. Experts say that would be enough to cover the expenses of raising the kids and making sure that they are taken care off.

You can do a more thorough financial needs analysis by getting life insurance advice from your Life Insurance Broker.