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How Canada Life is supporting you during COVID-19. Learn more

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Learn more

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Learn more

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Thanks to the overwhelming success of this offer, Canada Life™ is pleased to share that we are extending the term offer until Mar. 1, 2021. Even when finances might be tight, we’re making longer duration term life insurance even more affordable. Clients who submit new term 20, term 30 and term to age 65 insurance applications can enjoy four months of waived premium* on us. For a new policy to qualify, policies must be submitted between Sept. 1 and Mar. 1, 2021 (inclusive).

*In B.C., the offer is capped at 3 free months.

Don’t have an advisor? Find the right advisor for you.

Which longer term life insurance option is best for you?
Term 20
Term 30
Term to age 65

Mortgage coverage, line of credit and other long-term debts

Want to provide protection for your children until they’re financially stable

Mortgage coverage, line of credit and other long-term debts

Want to provide protection for your children until they’re financially stable

Mortgage coverage, line of credit and other long-term debts

Want to provide protection for your children until they’re financially stable

If you want to keep your payments lower
Financial protection for your loved ones until you’re close to retirement (many young married couples)
Payments that stay the same throughout your working life
If you still have debt
Your partner relies on your income and wants to be covered near or at retirement while building a financial cushion
Coverage that lasts until you retire
Looking to retire or close to retiring in the next 20 years