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How much does life insurance cost in Canada?

The cost of insurance depends on several individual factors, and there’s no catch-all figure that would give you an accurate estimate of how affordable term life insurance can be. However, for most young, healthy adults life insurance premiums are affordable on a 20-year term policy. Eighty percent of millennials miscalculate the affordability of life insurance by up to five times the actual price. Luckily, you can get instant life insurance quotes at PolicyAdvisor whenever you have 60 seconds to use our tools on your phone or computer.

AGE MALE FEMALE
25 $31 $22
35 $33 $26
45 $75 $54
55 $223 $155
65 $716 $487

Term life insurance premiums, $500,000 death benefit, non-smoking, 20-year term

Find affordable term life insurance online

Inverted Quotes

Rates for a $500,000 life insurance policy can be as low as the cost of an extra-large pizza

Protect the people who depend on you today; term life insurance is an affordable type of  coverage that fits most budgets. Speak to our advisors to find the cheapest online life insurance quotes Canada has to offer or get instant, affordable quotes on your phone or computer with our easy-to-use tools.

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Why PolicyAdvisor?

PolicyAdvisor is a digital-first insurance broker, using technology to make life insurance simpler, smarter and more rewarding.

What canadians want Policyadvisor .com Insurance Brokers Insurance Agents
Simple, quick, online
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Impartial, trusted advice
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PolicyAdvisor is one of Canada’s top insurance brokers. Reviews from all over the web confirm our commitment to making insurance accessible to all Canadians and to provide you with the absolute best customer experience while comparing and applying for your insurance policy.

How PolicyAdvisor Works?

At PolicyAdvisor we’ve made the process of buying life insurance as easy and painless as possible. In fact, in just a few short minutes you could be on the way to obtaining coverage, protecting your loved ones, and having the peace of mind knowing you’ve taken care of all your protection needs.

1

STEP 1

Get quotes quickly

Get the best quotes across insurance companies

2

STEP 2

Zero in on best option

Our advisors guide you to the best product and company for your unique situations

3

STEP 3

Submit application

Once finalised, we help submit your application. Yes, we will scout to multiple companies if there are complications

Need insurance answers now?

Call 1-888-601-9980 to speak to our licensed advisors right away, or book some time with them below.

Disclosures:

Issuance of coverage is subject to underwriting by the respective insurance company. Any premium quotes displayed are non-binding and are subject to final approval by respective insurance companies. Final prices may vary as underwriting takes into account several factors including, age, gender, smoking status, status of health, lifestyle, etc.

Potential savings calculated using the average difference in premium between the highest and lowest term life quotes shown based on publicly available rates displayed on the website. Savings may vary by chosen policy term, coverage amount, health status, and lifestyle choices.