Final answer:
Life insurance is among the top three nonmandatory benefits offered by Canadian firms with at least 10 employees. The Given Statement is true.
Step-by-step explanation:
Life insurance is indeed among the top three nonmandatory benefits offered by Canadian firms with at least 10 employees. Other nonmandatory benefits might include pension insurance, deposit insurance, and workman's compensation insurance. However, the question specifically asks about life insurance, which is a type of insurance that pays out a sum of money to the designated beneficiary upon the death of the insured person. It is a popular benefit provided by Canadian firms to their employees. Hence The Given Statement is true.