While term life insurance does not go on sale, Canadian insurance companies occasionally offer promotions to prospective customers. 2022 has brought us unprecedented offers from some of the top insurance companies in Canada. Read below for details on offers from Manulife, Industrial Alliance, SSQ, Canada Life, and RBC.

Canada Life offers on life insurance

As of March 7, 2022, Canada Life is offering premium rate reductions on new term life insurance policies and term riders on universal and participating life insurance policies. Term 10, 20, and 25 policies will see rate reductions from 14-28% and riders will see generally lower rates than previously offered.

Term 10 – Up to a 26% lower rate for non-smokers under age 50 with coverage amounts of $500,000 or higher. Rates also changed for smokers.
Term 20 – Up to a 14% lower rate for non-smokers under age 50 with coverage amounts of $250,000 or more, as well as some decreases for smokers.
Term 25 – Up to 28% lower rate for all ages and coverage amounts (smoking and non-smoking).

Read our full Canada Life term life insurance reviews to learn more about some of the eligible policies and
contact our advisors for further help with Canada Life insurance products.

Empire Life offers on life insurance

Effective March 15 2022, Empire Life has reduced premium rates for their Solution series term products. Rates have reduced up to 5.4% for T- 10, 4.7% for T-20, 6.2% for T-25, and 4.9% for T-30 term life insurance.

By using PolicyAdvisor’s online tools you can get term life insurance quotes from Empire Life in minutes and
see these new rates.

Read our full Empire Life Insurance review to learn more about some of the eligible policies and contact our advisors
for further help with Empire Life insurance products.

Manulife offers on life insurance

Effective November 20, 2021, Manulife is offering reduced term life insurance rates for their
following categories:

• Family Term-10 and Business Term-10
• Family Term-20 and Business Term-20
• Family Term with Vitality Term-10
• Family term with Vitality Term-20

The offers includes rate reductions up to 13% for term-10 and 10% for term-20 policies.

Additionally, with their Vitality program, you have opportunities to save on insurance rates, gain rewards,
and other offers by participating in their educational, fitness, and health-related actives in the program.

Please note, the offers applies to all bands and HealthStyles, but not all ages—speak to your advisor for more qualification information.

Read our full Manulife review to learn more about some of the eligible polices and contact our advisors
for further help with Manulife products.

Desjardins offers on life insurance

As of February 1, 2022, Desjardins has lowered prices for its term life insurance products.
These decreases could be up to 12% depending on the applicant’s age and desired amount of coverage.
Offers apply to Term 10, Term 20, Universal Life Term 10, and Universal Life Term 20 policies
with coverage of at least $100,000. Desjardins also offers additional discounts when you apply for multiple
insurance coverages at the same time.

Read our full Desjardins life insurance review to learn more about some of the eligible policies and
contact our advisors for further help with Desjardins insurance products.

Industrial Alliance (iA) offers on life insurance

Industrial Alliance (iA) has lowered the premium rates for their term life insurance products on March 18, 2022.

The price drops are as follows:

• Term 10 –  Reduction of  up to 12% for policies $250,000 or more (applicants 50 years or older)
• Term 15 – Reduction of up to 15% for policies $250,000 or more (applicants 50 years or older)
• Term 20 – Reduction of up to 8% for policies $500,000 or more
• Term 25 – Reduction of up to 12% for policies $500,000 or more
• For Term 30, Term 35 & Term 40 – Reduction of up to 11%, 13% and 5% respectively for policies of $1 million
• Additional discounts for $2 million policies are available

By using PolicyAdvisor’s online tools you can get term life insurance quotes from iA in minutes
and see these new rates. This rate change can equal significant savings over the course of a term life
insurance policy you hold with iA.

Read our full Industrial Alliance term life insurance review to learn more about some of the eligible
policies and contact our advisors for further help with iA insurance products.

RBC Insurance offers on life insurance and disability insurance

RBC Life insurance

Effective March 28, 2022, RBC has reduced rates on their YourTerm life riders and base policies. They have also cited rate reductions for clients looking for coverage of $500,000 or more and “sharpened” rates for the $250,000 – $499,000 bands.

While the exact percentage of rate reduction was not mentioned in their release, these offers
compete with other top term life insurance providers. By using
PolicyAdvisor’s online tools you can get term life insurance quotes from RBC in minutes to see
if their new offers stack up to the competition.

RBC Disability Insurance

RBC Insurance is offering a 20% discount on their Professional Series disability insurance for specific
occupations. Applicants must have at least 3 years of experience in their field, earning a minimum of $100,000
net income in the last two years. Eligible occupations include the following:

Medical

• Medical Specialists (excluding GP, Family Physicians, and Emergency Medicine specialists)
• Optometrists
• Pharmacists
• Dental Specialists (Endodontists, Periodontists, Oral & Maxillofacial Radiologists, Prosthodontists, Pediatric Dentists, Specialists in Oral Medicin and Pathology, Dental health specialists, and Orthodontists)

Tech

• Computer Specialists (Executives, Consultants, Hardware & Software Developers/Designers, Analysts, Programmers)

Business/Law

• Accountants
• Actuaries
• Architects
• Engineers
• Executives (4A)
• Lawyers
• Quebec Notaries
• Judges

Please note, the offers applies only to the base policy and does not include term life insurance riders added to other RBC Insurance policies.

Read our full RBC Insurance review to learn more about some of the eligible policies.