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How to choose a term life insurance policy

How do you choose a term life insurance policy to protect the ones you love? A good life insurance policy adequately covers the expenses of those you leave behind while also fitting into your budget. Do you need to be a genius to find a policy in Canada? Not at all. Before you get started on your search, keep these questions in mind: How long should my life insurance policy be? Term life insurance typically covers a temporary debt or need, like a mortgage or looking after minor dependents. How much life insurance do I need? A rule of thumb is 8-10 times your annual salary, but individual needs may vary.

What is the best life insurance policy?

Let’s be frank. There is no best life insurance policy. There is – however – the best insurance policy for you. What helps is having the choice and knowledge to pick a good life insurance policy and choose the provider that’s right for your situation.

That’s why PolicyAdvisor partners with 25 of Canada’s top insurance companies. We make sure you have the best choice of term life insurance plans and options when choosing the provider to protect yourself and your loved ones.

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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

Get free life insurance quotes and save up to 40%

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.