Compare Cheapest Life Insurance in Canada
Apply online & save up to 40%


Get the Lowest Quotes from the Top 25 Companies in Canada









Trusted by Canadians
Excellent Service
Thank you for the excellent customer service. You’ve been very supportive in all our questions. We appreciate your time, effort, and support in giving us updates and replying to our late night emails, follow-ups and phone calls. Thank you team!
Jessa
Simple process
Our advisor helped answer all our questions in a timely manner, and the process was much more simple. I really like that they did the comparisons of policies for us. It can be overwhelming for people that do not have experience with insurance policies.
Joanne V
Best rate
If you’re looking for best rate and an advisor, I would highly recommend. They are expert in finding the best insurance provider. Reliable and give unbiased advise. I’m glad I came across Policy Advisor online as they were able to help get my insurance approved.
Zeny D
Made my day
PolicyAdvisor.com made my day when I encountered with the website. When I did the quote, I was happy by the amount I will be saving once the application goes through. My advisor was informative, patient and kept me up to date. I am one happy client!
Samantha D
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
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.
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.
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.
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.