Email the quote to yourself and book a meeting with an advisor today.
Ideally, you want to make sure your debts are covered, so you don’t leave major expenses behind for your loved ones.
- You’re looking for a low-cost insurance policy.
- Your mortgage took longer to pay off than you planned, or your kids aren’t financially independent yet, so you need coverage to bridge the gap.
- You’ve chosen a shorter amortization period on your mortgage, or you’re already several years into your mortgage.
- You want to provide protection for your children until they’ve finished school or start working full time.
- You’re looking for coverage for a longer period, to cover you through milestones like getting married, having children or buying a house.
- You’ve bought a house and want the insurance coverage for the duration of your mortgage, instead of buying mortgage insurance.
- You have young children and want to make sure they’re taken care of until they’re financially stable.
- You want coverage that lasts until you retire, and you want premium payments that stay the same throughout your working life.
There are a few things to consider when choosing the best term length for your unique situation, like your income, family needs and debt. If you need coverage outside of these term options, book a meeting to speak with one of our advisors.
Find answers to frequently asked questions about term insurance before your appointment.
Narrator: We all have someone—or something—worth protecting.
Description: A mother cradling her newborn baby.
Narrator: A family. A home. A business.
Description: A couple dancing in their new home, followed by someone flipping an “Open” sign on a storefront.
Narrator: That’s why term life insurance exists.
Description: Text appears on a red background: “Term Life Insurance.”
Narrator: It’s not flashy. It’s not complicated. It’s just smart.
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Narrator: It’s there to help make sure your loved ones are protected when it matters most.
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Narrator: You choose how much coverage you need and how long you need it.
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Narrator: Your payments stay the same for the initial term, so it’s easier to budget.
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Narrator: When your term ends, your coverage renews automatically with premium payments increasing each year.
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Narrator: And, if the unexpected happens, the people or charities you named get a tax-free payout.
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Narrator: It can help pay off debts like a mortgage, cover final expenses, provide income for your family, or even keep a business running.
Description: A couple looking at their new home, a retiree writing expenses, a family baking together, and a business owner sweeping their store. Text overlays: “Mortgage,” “Final expenses,” “Family or business income.”
Narrator: And if you want something quick to set up and easy to understand, there’s Canada Life My Simple Term Insurance.
Description: A person using a laptop, transitioning to a white background with the Canada Life logo and text: “My Simple Term Insurance.”
Narrator: It gives you straightforward coverage for 10, 15, 20, or 25 years.
Description: Retired couple, father and son fishing, couple painting walls. Text overlays: “10, 15, 20, 25 years.”
Narrator: You’ll answer a health and lifestyle questionnaire that can be completed in as little as 10 minutes with no medical tests required.
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Narrator: It’s designed to keep things simple.
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Narrator: No surprises. No upsells.
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Narrator: and it’s more affordable than you might think.
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Narrator: Get a quote today.
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“Canada Life and design are trademarks of The Canada Life Assurance Company. canadalife.com 1-204-946-1190.”
We’ve been looking out for the financial, physical and mental wellbeing of Canadians for the past 175 years. Last year alone, we helped families cope with loss by paying out more than $2.1 billion in life insurance benefits.
We’ll email your quote details along with next steps for buying term life insurance.