Life Insurance
Give your family financial security if you are no longer there. Compare term, whole and universal life plans from leading Canadian insurers.
Why do you need life insurance?
Life insurance pays a lump sum, usually tax-free, to the people you choose when you pass away. That money can keep your family in their home and on track with their plans.
Replace your income
Help your family cover day-to-day living costs for years to come.
Pay off the mortgage
Make sure your family can keep the house, even without your paycheque.
Clear debts & final costs
Car loans, credit cards, lines of credit and funeral expenses — all taken care of.
Which type is right for you?
Term Life
Coverage for a set period — 10, 20 or 30 years. The most affordable way to get a large amount of protection while your kids are young or your mortgage is high.
Best for: young families, homeowners, budget-conscious buyers.
Whole Life
Permanent coverage for your entire life with fixed premiums and guaranteed cash value that grows over time. Some policies may also pay dividends.
Best for: lifelong protection, estate planning, leaving a legacy.
Universal Life
Permanent coverage with flexibility. Part of your premium can go into a tax-advantaged investment account inside the policy.
Best for: people who want permanent coverage plus flexible savings.
Mortgage protection: bank vs. personal insurance
Many homeowners get mortgage insurance through their bank without comparing. Personal term life insurance is often a better fit:
- You own the policy — it stays with you even if you switch lenders
- Your family gets the money — not the bank, so they decide how to use it
- Coverage doesn’t shrink — the payout stays level while your mortgage goes down
- Often competitively priced — especially for healthy non-smokers
Ready to protect what matters most?
Get a free, no-obligation quote from a licensed advisor in Ontario or Alberta. It only takes a minute.
Disclaimer: The information on this website is for general educational purposes only and is not financial, tax, legal or investment advice. Insurance and segregated fund products are offered by licensed advisors in Ontario and Alberta and are subject to the terms, conditions, eligibility and underwriting of the issuing insurance company. Speak with a licensed advisor about your personal situation.