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Term Life Insurance

Affordable protection for the years your family needs it most.

The most coverage for the lowest premium.

Term life insurance covers you for a fixed period of time, such as 10, 20 or 30 years. If you pass away during the term, your beneficiaries receive a tax-free lump sum they can use to pay off the mortgage, cover living expenses, or fund your children's education. Because it has no savings component, term insurance is the most affordable way to buy a large amount of coverage.

Who is term life insurance for?

  • Homeowners who want their mortgage paid off if something happens to them
  • Parents of young children who rely on their income
  • Business owners protecting partners, loans or key people
  • Anyone looking for high coverage on a budget

Key features

  • Level premiums that stay the same for the length of the term.
  • Renewable at the end of the term, typically without a new medical exam.
  • Convertible to permanent coverage such as whole life oruniversal life insurance.

Advice from Brampton insurance advisers

Our advisers take the time to understand your current financial situation and your future goals before recommending a term and coverage amount. We compare plans from leading Canadian insurers and explain the inclusions and exclusions so you can decide with confidence. Learn more about our approach to life insurance.

Frequently Asked Questions

What is term life insurance?

Term life insurance pays a tax-free lump sum to your beneficiaries if you pass away during a set period — commonly 10, 20 or 30 years. It provides the most coverage for the lowest premium, which makes it a popular way to protect a mortgage, income and young family.

What happens when my term ends?

Depending on the policy, you can usually renew the coverage (at a higher premium based on your age at renewal), convert it to a permanent policy without a new medical exam, or let it end.

How much term life insurance do I need?

A common starting point is enough to pay off debts such as your mortgage, replace several years of income and fund future goals like your children's education. Our advisers will work through the numbers with you.

Do I need a medical exam?

It depends on your age, health and the amount of coverage. Many insurers offer simplified or no-medical options for lower coverage amounts.

Free, no-obligation advice

Find affordable term life coverage today

Whether you’re ready to compare prices or just have a few questions, we’re here to help — in whichever way suits you best.

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Speak with a licensed adviser in Brampton. Monday-Friday: 9am to 5pm.

(289) 801-0749

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