Families

Life Insurance for Young Families

By Joseph Tabet · September 17, 2026 · 5 min read

Having children changes the question from 'do I need coverage?' to 'how much would my family need?'

Protect both parents

A stay-at-home parent's contribution — childcare, household management — would cost real money to replace.

Think about income replacement until the youngest child is independent, plus education costs and the mortgage.

Minors can't receive benefits directly in Ontario. Discuss trusts or guardianship arrangements with an advisor and lawyer.

Want a number for your own situation?

Request a free, no-obligation coverage review with Joseph Tabet.

General educational information only — not personal financial, legal, or tax advice.

How Much Life Insurance Do I Need?

A simple, step-by-step way to estimate the coverage your family would actually need.

Term vs. Permanent Life Insurance: What's the Difference?

How the two main types of coverage work, and how to think about which fits your needs.

What Affects the Cost of Life Insurance?

The main factors insurers consider, and simple ways to keep coverage affordable.

Have a free, no-obligation conversation with a licensed advisor — get your questions answered before you decide anything.