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

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