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WHAT IS TERM LIFE INSURANCE

Everything You Need
To Know About Term Life Insurance

Term life insurance gives you the confidence that your family’s financial needs will be taken care of if life takes an unexpected turn. It’s a plan that offers protection for a chosen time period — whether 10, 20, or 30 years — so you only pay for the coverage you actually need.
During this term, if something happens to the insured person, their loved ones receive a financial payout to help with daily living costs, loans, or future plans. This makes it a practical way to safeguard your family’s lifestyle without overspending.

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Term Life Insurance

Your Insurance Journey Made Simple

Term life insurance comes in multiple options to match different financial goals. Here are the most common ones:

01

Decreasing Term Life Insurance

Coverage reduces over time, making it ideal for loans or mortgages shrinking as you repay. It's usually the most affordable option.

02

Convertible Term Life Insurance

Gives flexibility to switch from temporary coverage to permanent insurance without going through new health checks.

03

Level Term Life Insurance

Premiums and payout stay fixed for the entire policy term, offering stability and predictability for your entire families.

04

Renewable Term Life Insurance

Lets you extend your policy after the term life insurance ends without reapplying, though your future premiums may be higher.

01

Decreasing Term Life Insurance

Coverage reduces over time, making it ideal for loans or mortgages shrinking as you repay. It's usually the most affordable option.

02

Convertible Term Life Insurance

Gives flexibility to switch from temporary coverage to permanent insurance without going through new health checks.

03

Level Term Life Insurance

Premiums and payout stay fixed for the entire policy term, offering stability and predictability for your entire families.

04

Renewable Term Life Insurance

Lets you extend your policy after the term life insurance ends without reapplying, though your future premiums may be higher.

APPLICATION PROCESS

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How our process looks after you avail.

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Step 1: Understand Your Needs

We start by reviewing your lifestyle, goals, and risks to identify the type of coverage you truly need.

Step 2: Compare the Best Options

Our team analyzes plans from trusted providers to find the right balance between protection and affordability.

Step 3: Choose & Stay Protected

Once you select the best fit, we guide you through setup — and provide ongoing support as your needs change.

TERM LIFE INSURANCE COSTS

Understanding The Cost Of DifferentTerm Insurance Plans
In Canada And What Affects Them

Term life insurance provides a death benefit to the beneficiaries if the policyholder passes away during the policy’s term. It covers:

$15

Term 5

Entry-level protection for short-term financial safety.

  • ✓Guaranteed payout to beneficiaries
  • ✓Coverage amount: $250,000
  • ✓Option to renew at end of term
  • ✓Quick claim to the settlement process
  • ✓Accidental death included
$25

Term 20

Affordable coverage designed for growing families.

  • ✓Coverage amount: $500,000
  • ✓Fixed premium throughout the policy term
  • ✓Child education rider available
  • ✓Spouse coverage add-on option
  • ✓Income replacement benefit in case of loss
$40

Term 30

Long-term security with lifetime value for retirement planning.

  • ✓High coverage amount: $1,000,000
  • ✓Option to convert to permanent life insurance
  • ✓Critical illness rider included
  • ✓Cash accumulation over time
  • ✓Premium waiver case of disability
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Step Of The Way.

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WHAT IS TERM LIFE INSURANCE

Everything You Should Know About Term Life

Term life insurance is an affordable way to provide financial protection. It covers a specified period, such as 10, 20, or 30 years. If the policyholder passes away during this time, the designated beneficiaries receive a lump sum of money. Unlike whole life insurance, term life doesn’t build cash value, but it’s cost-effective and suitable for short-term needs.

HOW TERM LIFE INSURANCE WORKS

Understanding How Term Life Insurance Provides Protection & Coverage

The policyholder selects the number of years to be covered. Premiums are paid regularly. If the policyholder passes away during the policy term, the beneficiaries receive the total benefit amount. After or during their term, the coverage ends. Term insurance can later be renewed for a permanent policy, or allowed to expire.

Term life insurance is ideal for those with significant financial responsibilities, such as mortgages or family support.

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Policy Terms and Conditions

Understanding Policy Terms
And Conditions

Key components of a term life insurance policy include:

  • check iconPremiums:

    The amount paid for coverage.

  • check iconDeath Benefit:

    The amount received by beneficiaries in the event of the policyholder’s passing.

  • check iconExclusions:

    Situations where the death benefit may not be paid, such as suicide within the first 2 years.

  • check iconRiders:

    Optional add-ons, such as coverage for critical illness or accidental death.

Why Opt for a Term Life Insurance Canada?

Choose Term Life Insurance
For Your Future

Term life insurance offers affordable, straightforward protection with customizable coverage, providing financial security for your loved ones when they need it most, without long-term commitments.

  • check iconAffordable:

    Term life insurance is generally cheaper than permanent life insurance.

  • check iconSimple:

    It’s straightforward; pay the premiums, and in the event of the policyholder’s passing, the beneficiaries receive the payout.

  • check iconFlexible:

    Coverage amount and policy length can be customized.

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Find Answers To Your Common Queries

Discover answers to the most asked questions and find helpful information that resolves common issues quickly, with detailed explanations to guide you every
step of the way.

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