Canada Life Term Life Insurance

Canada Life Term Life Insurance logo

The Right Coverage for your Short-Term Need

The Excellent Term Insurance Designed For Your Needs
Sometimes insurance cost could go so high that it may be difficult for families, young adults, and even business owners to get the coverage they need. However, Canada Life provides a robust and reliable term life insurance that covers for a set period of time and with a lot of options to meet your budgets and needs. In the event of your death, Canada Life term insurance will provide a tax-free cash payment to your beneficiaries.
If you need immediate coverage but currently has limited fund, term life insurance is the best option for you. If you need a straightforward and affordable life insurance protection in the short time, this life insurance is an excellent choice for you.
The term life insurance can cover you for either 10 or 20 years term. You are free to choose the term you want and your premium is guaranteed not to increase within the term. However, on renewing the coverage, you may pay a higher cost than the previous premium.

Features and Benefits

Canada Life’s term life insurance can be easily converted to a permanent life insurance, which may be more expensive but offers the insured a lifelong protection.

This life insurance plan will cater to your loved ones when you are no longer there to take care of them.

The lump sum provided by the plan can be used to fund children’s education, pay off mortgages, and take care of your daily expenses.

  • It is a simple and affordable life insurance protection designed to meet your needs and budgets.
  • This plan is best for young adults, families and business owners who need immediate coverage but does not have adequate funds to work with.
  • The plan can cover you for the length of 10 or 20 years. The premium payment will never increase during the term you selected.
  • You can renew your coverage when your term finishes but in this case, the insurance cost may be higher than the previous.
  • The plan can be easily converted to a permanent insurance plan which provides a lifelong protection but may be more expensive.
  • The plan ensures that your loved ones are not burdened by financial obligations in case you are no longer available to support them. You can use the tax-free lump sum received to fund your children education, pay off a mortgage and cater for your daily expenses.



Additional resources

Learn more about life insurance from these informative articles to help you decide in choosing the best plan for you.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

For more information, you may contact us at 1-877-574-7475, or complete the form below.

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