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How much does the best life insurance cost in Canada?

Do you find yourself wondering how much does life insurance cost in Canada? The cost of Canadian term insurance rates depends on several individual factors, there’s no catch-all figure that would give you an accurate estimate. However, for most young, healthy adults the cost of term insurance is reasonable on a 20-year term policy. Eighty percent of millennials overestimate life insurance costs by up to five times the actual price, but rates can be as low as the cost of an extra-large pizza. Luckily, you can get instant term life insurance quotes for rates like those presented here 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

Representative values for the average life insurance cost per month in Canada, $500,000 death benefit, non-smoking, 20-year term.

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Inverted Quotes

Term life insurance rates can be as low as the cost of an extra-large pizza.

Protect the people who depend on you today; get free term life insurance rates from  PolicyAdvisor. We partner with the most insurance providers in the country and can thus find you the best life insurance deals possible for your needs.  Speak to our advisors to find the best rates in Canada or get instant quotes on your phone or computer with our easy-to-use tools.

Instant Online Life Insurance Rates

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Why choose PolicyAdvisor to compare life insurance rates?

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

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Looking for the lowest term life insurance rates, Canada? 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.

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PolicyAdvisor’s tools provide instant access to Canada’s top life insurance companies, and their rates. Try it.

How PolicyAdvisor gets you the lowest life insurance rates

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.