To reach their estimates on the cost of health care, the reportâs authors broke down the total cost of the Canadian health care system in 2014. According to Statistics Canada, Canadians spent a total of $141 billion on health care that year.The authors divided that number by the Canadian population, concluding that, on average, each Canadian contributes $3,961 for health care each year.o reach their estimates on the cost of health care, the reportâs authors broke down the total cost of the Canadian health care system in 2014. According to Statistics Canada, Canadians spent a total of $141 billion on health care that year.
10 Things to Consider When Buying Term Life Insurance. 1. Talk about life insurance with your family. No one likes to think about the loss of a family member and the consequences of losing your income, but your loved ones can often point out needs you might have missed.
A term life insurance policy covers you for a stated periodâtypically 10, 15, 20, or 30 years. Because the insurance company's liability is limited to a specific period, term is the most economical kind of life insurance. A whole life insurance policy lasts as long as you pay the premiums.Whole life policies can also have a cash value. Part of the premium you pay covers your insurance, and some of it goes into the policy's cash value. Whole life insurance is much more expensive than term life insurance for the dollar amount of coverage.ost financial planners recommend coverage that's 5 to 10 times your annual income. For example, if you make $50,000, you might consider coverage between $250,000 and $500,000. If you're younger and just starting a family, you might need as much as 15 times your income to allow for salary increases.