Term Life Insurance

Simple and affordable, providing a fixed amount of insurance for a specific period of time.
Get started
Call to speak with an advisor
Photo of a mother and her daughter in the kitchen baking.

What is term life insurance?

It is temporary coverage that provides a one-time, tax-free, cash benefit to your chosen beneficiaries when you die.

It is often a suitable solution for times when financial risk is high, but available funds are limited, or a low-cost solution is all that is needed.

Most term life policies are both renewable and convertible - meaning you can renew coverage at the end of the chosen term, and/or convert to permanent insurance regardless of any changes to your health, occupation, or lifestyle.

Saving Coins In A Bottle Icon

Budget friendly

Relatively low cost, and fixed payments for the duration you choose.

Calendar And Clock Icon

Temporary protection

Choose the period of coverage that best suits your unique needs and circumstances.

Cash Payment Icon

Tax-free benefit

Your insurance benefit is paid to the beneficiary of your choosing.

I Have A Question Illustration

How does term life work?

  • Choose coverage amount and term length: Term coverage provides protection for a fixed amount and duration. Duration is typically 10, 15, or 20 or more years. You can choose the amount of time you need.
  • Pay the premiums: The coverage will remain active so long as premiums continue to be paid. You can choose to pay monthly or annually.
  • Benefit is paid: If you pass away while your policy is active, the person(s) or charity you named as beneficiary receive a tax-free cash benefit.
  • Policy renewal: When the term is up, your advisor will contact you to review your coverage. By default your policy will automatically renew at a higher premium. Alternatively, you can convert it to permanent life insurance, or terminate if the coverage is no longer required.

How much does term life insurance cost?

Generally, term life insurance is more affordable than permanent life insurance. There are a number of factors that can affect policy pricing, including:

Birthday Cake Icon


Generally, insurance cost less for younger age groups, and more for older age groups.

Gender Icon


Women live longer than men on average, so insurance may cost less than for males.

Insurance Head Icon


Your unique health history, family history, chronic diseases and lifestyle can impact costs.

Occupation Icon


High-risk occupations can increase cost. Conversely, low-risk occupations can reduce cost.

I Have A Question Illustration

How much term life insurance coverage do you need?

This will depend on your unique personal circumstances. Best practices are to ensure your debts are covered, as well as the financial security of your dependents.

Here are a few things to consider:

  • Your income
  • Your assets & net worth
  • Your expenses and family needs
  • Your debt
  • Other insurance you may have

A professional advisor can assist you with calculating your insurance needs.

Get in touch

Send us a message and we'll get back to you within 1-2 business days.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.