Understand Term Life Insurance

How Does it Work Benefits Who is it For

How term insurance works

Term Life Insurance provides affordable protection for a specific period of time usually 10, 20 or 30 years.

What happens at the end of the "term"?

At the end of your chosen term you have a few options:

  • Stop payments and cancel the policy.

  • Convert your policy to a permanent plan.

  • Renew your policy for another 10, 20 or 30 years.

When does the policy pay out?

Should you pass away during the term of the policy your loved ones receive a tax-free benefit. To receive free, no obligation quote or more information on Term life insurance please complete a short enquiry form and we will be happy to assist you.

Here are some of the benefits of having a Term Life Insurance plan:

  • Peace of mind knowing your loved ones will receive a tax-free benefit should you pass away

  • Term Life Insurance is the most affordable type of life insurance

  • The rates are guaranteed for the term of the policy

  • You are able to customize your plan with optional benefits to better serve your needs

  • You have the ability to renew you plan at the end of the term

  • You have an option to convert you policy to a permanent plan

To receive free, no obligation quote or more information on Term life insurance please complete a short enquiry form and we will be happy to assist you.

Term Life Insurance is best suited for:

  • People looking for affordable coverage

  • People with large temporary debts such as a mortgage

  • Individuals whose families are dependent on their income

  • Business owners with significant debts or specific needs such as key person protection

To receive free, no obligation quote or more information on Term life insurance please complete a short enquiry form and we will be happy to assist you.

Why choose Instant Life Insurance?

  • Insurance products to suit every need

  • Compare rates from top Canadian providers

  • Experienced advisors across Canada

  • Fast, no obligation quotes

  • Coverage up to age 85

  • No medical insurance plans

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Why choose Instant Life Insurance?

  • Insurance products to suit every need

  • Compare rates from top Canadian providers

  • Experienced advisors across Canada

  • Fast, no obligation quotes

  • Coverage up to age 85

  • No medical insurance plans