Get Mississauga Life Insurance Quotes
Life in Mississauga is great, but what's the best life insurance in Mississauga? Here's everything you need to know about Mississauga life insurance.
compare quotes todayBuying life insurance in Mississauga

Matt Hands, VP, Insurance and MoneySense
Mississauga is one of the largest population centers in Ontario, fundamentally operating as a separate city from Toronto, despite how often they are lumped together! As a result, Mississauga has a well-developed life insurance environment, with access to plenty of policies from a range of life insurance companies. A quick disclaimer, however. Where you live has only a minor effect on how expensive your life insurance premiums will be. Much more important are your age, health, and occupation. As such, the best life insurance policy will always be found by comparing life insurance quotes. With that said, hereās what you need to know about life insurance in Mississauga.
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Mississauga life insurance facts
Nearby Toronto has more life insurance company head offices than any other city, so Mississauga has automatically has excellent access to those companies. They include some of the largest bank-owned insurers, including RBC life Insurance and TD life insurance), as well as Manulife, the largest life insurance company in Canada. The remainder of the ābig threeā life insurance companies are found elsewhere - Sun Lifeās head office is in Waterloo, while Great West Life is in Winnipeg. Overall, there are 74 companies actively providing life insurance in Ontario, so Mississauga residents have plenty of choices.
Despite having so many more people, Mississauga residents donāt take out much more life insurance coverage than average. Ontarioās average individual life insurance coverage is $234,000, which is just higher than the Canadian average, $222,000.
Compare Mississauga life insurance quotes today
While your city can affect your policy, your circumstances are crucial! Comparing quotes is the best way to find the right coverage for you.
compare quotes todayLife insurance coverage in Mississauga
How much life insurance you need can change from city to city, as it is largely based on how much debt you want your life insurance to be able to pay for.
Other factors, like how much youāll need to support your dependants, arenāt as variable by city. Learn more about those in our article āHow much life insurance do I need?ā.
Mississauga life insurance premium tax
The premiums for life insurance in Mississauga are taxed at the Ontario rate of 2%, which is low compared to other provinces. For comparison, life insurance in BC and Manitoba both also charge 2%. Premiums for life insurance in Alberta are taxed at 3%, and Quebec charge 3.48%. While you donāt see this on your premium statement, it does make a difference to the cost of your premiums.
Group life insurance policies in Mississauga are also subject to Ontarioās 8% retail tax. This doesnāt affect individual policies.
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Frequently asked Mississauga life insurance questions
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Matt Hands, Business Director of Insurance
With 6+ years of experience at Ratehub.ca, Mattās focus has been on growing its newest business unit, Insurance. He is a thought leader and a valuable resource to respected publications across Canada. read more
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