Compare Cheapest Life Insurance in Canada

Apply online & save up to 40%

Trusted by Canadians

4.95/5 Rating

100% of our customers recommend us.

Read all reviews on Reviews.io

What is average cost of life insurance in Canada?

The cost of life insurance depends on several individual factors, there isn’t a catch-all figure that would give you an accurate estimate of the most economical life insurance in Canada. However, for most young, healthy adults life insurance premiums are reasonable on a 20-year term policy. Eighty percent of millennials overestimate the cost of life insurance by up to five times the actual price, but life insurance rates can be as low as the cost of an extra-large pizza.

Luckily, you can find the cheapest life insurance in Canada 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

Get the cheapest life insurance

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 for less than you think; get cheap term life insurance quotes instantly. PolicyAdvisor is the best place to get the lowest-priced life insurance online in Canada. Speak to our advisors to find the lowest cost life insurance plans in Canada or get instant quotes on your phone or computer with our easy-to-use tools.

Get Cheap Life Insurance in Canada Online

Go ahead and try it out. It takes less than 60 seconds
to find the lowest price term life insurance quotes

Looking for affordable life insurance, Canada? Choose 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
Compare 25+ companies
Live advisor support
Impartial, trusted advice
Commission-free advisors
Apply from anywhere

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.

Get economical life insurance

PolicyAdvisor lets you compare the lowest insurance rates instantly.

How PolicyAdvisor helps you find the lowest life insurance quotes

Looking for cheap life insurance? We can help. 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.

Insurance of a life insurance policy is subject to product availability and your eligibility. Any policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the respective insurance company following the completion of the underwriting on the application.

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.