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.