Term Life Insurance
This life insurance product offers temporary protection for a set number of years, typically in 10, 20, or 30 year terms. The benefit is paid if you pass away during the chosen term. Under a Term Life Insurance policy, your rates and opportunity for renewal are guaranteed. Term Life Insurance allows for large amounts of coverage at an affordable price.
How much coverage can I get?
Typically Term Life Insurance is offered from $10,000 to 25 million dollars
Who is eligible?
A Canadian citizen or permanent resident as well as landed immigrant who has been in Canada for more than 1 year.
Term 10: Age 18-75
Term 20: Age 18-65
Term 30: Age 18-55
Key benefits
- Most affordable type of life insurance
- Guaranteed premiums for the duration of the term
- Ability to convert to a permanent policy without a medical exam
- The benefit is paid to the beneficiaries tax-free
Our company provides Term Life Insurance plans from over 20 Canadian providers; as a result you are guaranteed to find the lowest rate on your coverage. Apply for a no obligation quote today.
Expert Answers about Term Life Insurance
3 Reasons to Choose LIFC:
We work directly with leading Canadian insurance providers
We are able to find some of the most competitive rates on the market
We offer a complete range of plans to suit any need and budget
