9
individual was about $193,700
at the end of 2014. Ten years
ago, the average coverage
was $149,400.
Similarly, many Canadian
households are protected by
some form of life insurance – on
an individual basis, under group
plans or both. At the end of
2014, the average amount
owned by insured households
was about $381,000, almost
one and a half times the level
($273,500) from a decade ago.
