Term Life Insurance
Maximum coverage at the lowest cost. Simple, straightforward protection.
Term life insurance provides pure death benefit coverage for a fixed period, typically 10, 20, or 30 years. If you pass away during the term, your beneficiaries receive the tax-free death benefit. It's the simplest, most cost-effective form of life insurance and is ideal for families who need large coverage amounts at low premiums.
Key Benefits
Affordable coverage
Term insurance is the most cost-effective way to get substantial coverage. A healthy 35-year-old can get $500,000 of 20-year term coverage for under $30/month.
Choose your term length
Choose a term that matches your needs: 10, 15, 20, 25, or 30 years. Most families align the term with their mortgage length.
Convertible to permanent
Most term policies can be converted to whole or universal life without a new medical exam. This gives you flexibility as your needs change.
Level premiums
Your premium stays the same for the entire term. No surprises, no increases. Lock in your rate while you're young and healthy.
Who Is This Best For?
Frequently Asked Questions
You can renew annually at a higher rate, convert to permanent insurance, or let the policy lapse.
A common rule is 10-15x your annual income, plus outstanding debts. We'll help you calculate the right amount.
Yes. Some carriers like Canada Protection Plan offer no-medical term policies.
It depends on your goals. Term is better for temporary needs and maximum coverage. Whole life is better for lifetime coverage.
We compare Manulife, Desjardins, iA Financial, Foresters, Canada Protection Plan, Empire Life, Humania, and more.