Better Term Insurance, Online

Inexpensive Premiums

Competitively priced term life insurance, amongst the lowest prices available in Canada.

Renewals

Policy renews at a higher premium at the end of the term (most online policies simple expire at the end of the term, no option to renew).

Conversion

You can exchange your term life insurance policy for a permanent lifetime policy without a medical exam. This is important if you become uninsurable during the term, as it allows you to lock in life insurance for the rest of your life without regard to your current health status. Most online policies do not offer this.

Critical Illness Option

Add a lump sum of $100,000 critical illness insurance to your policy. Most online policies do not offer this option.

Fully Online

Apply online, and your policy is delivered to you by email. No in person underwriting (medical history is collected via a phone call) or agent visit.

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1. How Much Term Insurance 

Fill out the fields below to calculate how much term insurance you should consider.

How much life insurance do I need?
Your annual income:
Percent of Income Needed:
Interest Rate:
Inflation Rate:
Number of Years to Replace Income:
Based on the above assumptions, you need approximately $670,520 of life insurance to produce an income of $40,000 for 20 years.
Year Insurance - Income + Interest = Remaining Insurance
1670,520.9140,000.0031,526.05662,046.95
2662,046.9541,200.0031,042.35651,889.30
3651,889.3042,436.0030,472.67639,925.97
4639,925.9743,709.0829,810.84626,027.73
5626,027.7345,020.3529,050.37610,057.75
6610,057.7546,370.9628,184.34591,871.12
7591,871.1247,762.0927,205.45571,314.48
8571,314.4849,194.9526,105.98548,225.51
9548,225.5150,670.8024,877.74522,432.44
10522,432.4452,190.9323,512.08493,753.59
11493,753.5953,756.6621,999.85461,996.78
12461,996.7855,369.3520,331.37426,958.79
13426,958.7957,030.4418,496.42388,424.78
14388,424.7858,741.3516,484.17346,167.60
15346,167.6060,503.5914,283.20299,947.21
16299,947.2162,318.7011,881.43249,509.94
17249,509.9464,188.269,266.08194,587.77
18194,587.7766,113.916,423.69134,897.55
19134,897.5568,097.323,340.0170,140.24
2070,140.2470,140.240.000.00

2. Best Type of Life Insurance

Click through to learn about the best type of coverages you can consider.

Term 

Premiums guaranteed level for 10 years. 

Switch to lifetime policy before age 65 - no medical exam required.

Online application + phone interview in most cases. 

Term 

Premiums guaranteed level for 10 years. 

Switch to lifetime policy before age 65 - no medical exam required.

Online application + phone interview in most cases. 

Term

Premiums guaranteed level for 10 years. 

Switch to lifetime policy before age 65 - no medical exam required.

Online application + phone interview in most cases. 

Critical Illness

Premiums guaranteed level for 10 years. 

Switch to lifetime policy before age 65 - no medical exam required.

Online application + phone interview in most cases. 

Get Better Term Insurance, Today

Apply online and we will deliver your policy to you by email. 

  • Inexpensive Premiums
  • Renewals
  • Conversion
  • Critical Illness Option
  • Fully Online

3. Quote and Apply

Get a life insurance quote and and see how much you can save without the bank's overhead costs. Complete our online application and get better benefits than the bank today.  

Get Your Life Insurance Quote 

Name
Gender
Date of Birth
Smoking?
Coverage
Email (optional)

Life Insurance Application 

First Name
Middle Name (optional)
Last Name
Address 1
Address 2 (optional)
City
Province
Postal code
Home Phone (optional)
Cell Phone
Email
Birth Date
Place of Birth
Gender
Face Amount
Plan Type
Critical Illness Rider (optional)
Occupation
In the Last 12 Months, Have You Used Any Tobacco?
Relationship to the Insured (optional)
Beneficiary First Name (optional)
Beneficiary Middle Initial (optional)
Beneficiary Last Name (optional)
Do You Have Any Other Life Insurance Coverage With This or Other Companies?
Company (optional)
Issue Year (optional)
Purpose of Insurance (optional)
Amount (optional)
Does the Policy Being Applied For Involve REPLACEMENT of Insurance With This or Any Other Company? (optional)
Policy Number (optional)
Type of Life Insurance (optional)
Annual Earned Income
Employer Name
Do You Read and Speak English
Has There Been Any Change in Name in the Last 5 Years?
Previous Name (optional)
Contact the Insured At:
Best Time to Contact:
Time Zone
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