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Oshawa Life Insurance Overview

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Oshawa is a city in Southern Ontario. It is 12% cheaper than in Toronto. The cost of groceries, utilities, rent, and transportation in Oshawa is between $1,200 and $2,000 but this depends a lot on your family size and living condition. You can also budget an additional $300 - $400 per month if you have a child. Here is a breakdown of the expenses.

Rent - The average rent in Oshawa and the Durham region, in general, is $717 per month for a one-bedroom apartment, $865 per month for a two-bedroom apartment, and $1,375 per month for a three-bedroom apartment.

Utilities - Utilities include electricity, water, natural gas, and even cell phones. In Oshawa, utility expenses can account for $70 -$140 each month.

Groceries - The average household grocery in Oshawa is $50 a week; this adds up to $200 a month.

Transportation - An adult pass in Oshawa costs $87.75 per month. The transportation cost is even higher (up to $500) if you have a car. To learn more about Oshawa, click here.

Oshawa Life Insurance Details

Why Life Insurance is important for Oshawa residents?

Oshawa may not be as expensive as some Canadian big cities such as Toronto and Vancouver but it is not also costlier than some other cities like London. With the cost of living up to $2,530.74, you will probably live a comfortable life in Oshawa if you are single. But no one wants to be single all his life; it may not be long before you find the special one and get married. You will probably need reliable Oshawa life insurance coverage to protect you and your family against financial uncertainties. With reliable life insurance coverage, you can protect your estate and give your family your dream future even if you die. To read more about Oshawa life insurance, click here.

What is the minimum insurance coverage for Oshawa residents?

You need an adequate amount of Oshawa life insurance coverage to continually protect yourself and your loved ones. You need to identify the minimum life insurance coverage adequate for you and make sure you don’t go below the minimum. There are two ways to know the minimum life insurance coverage. You can determine it by considering your annual income or your cost of living. The average cost of living in Oshawa adds up to $30,368.88 per year. In other words, you need a minimum of $30,368.88 life insurance coverage in Oshawa. If you consider your annual income, as a general rule, you need life insurance coverage up to ten times your annual income. For instance, if your annual income is $50,000, you need Oshawa life insurance up to $500,000 per year.

What is the life expectancy for Oshawa residents?

Oshawa has an overall life expectancy of 82.6 years; the life expectancy of Oshawa males is 80.3 years while the life expectancy for Oshawa females is 84.6 years.

What are the Life Insurance rates in Oshawa?

Several factors affect Oshawa life insurance rates. We present the average life insurance rates paid by Canadians. To get a good Oshawa life insurance rate or life insurance rate in any location, you need to ask yourself a few questions.

  • How much Oshawa life insurance coverage do I need and how long do I need the coverage?
  • What type of Oshawa life insurance coverage do I purchase?
  • What life insurance provider in Oshawa should I choose?
  • Should I buy Oshawa life insurance products from an insurance company, the bank or an insurance broker?

To find more information about where to buy Oshawa life insurance click here.

Oshawa Life Insurance News

Petley-Hare Ltd. Insurance Brokers announced on September 6, 2017, that it has formed a new division known as Petley-Hare Life & Financial Limited. The new division would focus on individual and corporate life, as well as group and health insurance. Petley-Hare Ltd. partnered with the President of Gleed Financial Services, Derrick Gleed CHS and brought more than 30 years of industry experience into the platform. The division will be responsible for marketing every line of Life and Living Benefit product and also the benefits for employees and executives. Gleed is the Managing Partner of the Life, Group and Health insurance division. He is a longtime resident and business owner in the Durham Region, and recently, he served as the Regional Councilor and Deputy Mayor for Whitby and has a deep root in the Durham Region. Gleed’s extensive experience in the financial services industry and relationship with the community are vital assets to the success of the division and the company at large. Petley-Hare strives to raise the standard and offer comprehensive and innovative insurance solutions. They identified an opportunity to offer extended life insurance products by offering more products in life, group and financial services. David J. Hare, the President of Petley-Hare Ltd. said this is an exciting new chapter for Petley-Hare Limited. To learn more about Oshawa life insurance news click here.

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