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Term Life Insurance Quotes
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Term Life Insurance Quotes and Prices
Looking for term life insurance quotes in Canada? Look no further. The calculator on the right will instantly display term life insurance prices from over 25 Canadian life insurance companies.
The quotes you receive are created using the industry standard Compulife® database used by most major insurance companies and brokers in the Canadian life insurance industry. We provide unfettered consumer access to this database so you can check prices yourself, before ever dealing with a broker.
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10 year term life insurance
10 year renewable and convertible term life insurance has premiums that are level for the first 10 years of the policy. Premiums thereafter are likely to increase but then be level for another 10 years.
Ten year term life insurance is suitable for shorter term needs, such as income or family protection for those that only need insurance for 10 years or less. If you need protection for longer than that, twenty year term life insurance will be a better choice.
Due to competitive pressures, 10 year term tends to be the same price - or even cheaper - than 5 year term life insurance. |
20 year term life insurance
20 year renewable and convertible term life insurance has premiums that are level for 20 years. Most policies then renew again at a much higher premium for another 20 years.
Twenty year term life insurance in Canada is well suited for those with young family needs. Locking in your premiums for 20 years ensures that you have coverage through the important income earning and family rearing years.
20 year term life insurance is also suitable for use as mortgage life insurance, given the duration for which the premiums are level.
30 year term life insurance is also available in Canada and is probably better suited to family coverage and mortgage protection than 20 year term life is. However 20 year term life insurance in Canada is very competitively priced and as a result most Canadians opt for 20 year term over 30 year term due to the cost differences.
In either case you can use the calculator on the right to run your own quotes. |
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Instant Canadian life insurance quote on prices
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