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?
Our Term Life Insurance is available from $5,000 to $500,000.
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 18-70
Term 20: Age 18-60
Term 30: Age 18-50
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
We offer Term Life Insurance through one of Canada’s top providers—so you get dependable coverage at a great rate. Get your free, no-obligation quote today.
Expert Answers about Term Life Insurance
3 Reasons to Choose LIFC:
Instant approval – Get covered fast, with decisions made on the spot.
No medical exams – Skip the needles, tests, and doctor visits entirely.
Flexible options – Choose from a variety of plans to match your needs and budget.
