Because not all term policies are the same.
Competitively priced term life insurance, amongst the lowest prices available in Canada.
Policy renews at a higher premium at the end of the first term. You may renew the policy for life. Consumer advocates agree, renewals are an important feature of your term life insurance policy.
First conversion option: Up to age 71 (one of the longest conversion option available on a term policy in Canada). You can exchange your term life insurance policy for a permanent lifetime policy without a medical exam. If you become uninsurable, this option allows you to lock in life insurance for the rest of your life without regard to your current health status.
Second conversion option: At age 85, your term policy automatically converts to a Term to 100 policy with premiums level for life. Your policy becomes fully paid up (no more premiums due) at age 100. Few Canadian term policies offer this second conversion option.
Exchange your policy for a longer term in the first 5 years of the policy – no medical exam required.
In the event of a limited life expectancy, you can access a portion of your death benefit while still alive (subject to conditions).
Add a lump sum of $100,000 critical illness insurance to your policy.
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.
The Term Guy is Canada’s premier online insurance provider. Our founder (Glenn Cooke – the original Term Guy) has been promoting term insurance online since 2006. He’s been featured as a source in The Globe & Mail, The Toronto Star, appeared on TV and Radio numerous times, and even thanked as a source in Canadian financial books by Gail Vaz-Oxlade and Preet Bannerjee. See The Term Guy’s full list of media mentions here…
Easily determine how much life insurance you need to maintain your family’s lifestyle.
Chose the life insurance plan that is best for you and your family.
Calculate your life insurance quote using our online calculator and apply!
You’re seeking life insurance to protect your family’s lifestyle. For most of us, our lifestyle is dependent on our income which is lost upon our premature death.
The following calculator determines how much life insurance is needed to replace a percentage of your income for a number of years. That replacement income then can be used by your family to maintain their lifestyle.
We suggest that you look at 60-80% of your gross income, over a time period between the time any children are no longer dependent, and retirement.
Click through to learn about the best type of coverages you can consider.
Premiums guaranteed level for 10 years.
Switch to lifetime policy before age 71 – no medical exam required. Policy automatically becomes a Term 100 at age 85. Policy is fully paid up at age 100.
Online application + phone interview in most cases.
Premiums guaranteed level for 20 years.
Premiums guaranteed level for 30 years.
Switch to lifetime policy before age 65 – no medical exam required.
View your instant life insurance quote and see how inexpensive your life insurance premiums can be.
Apply online for renewable & convertible terms now! Just click the Apply Online Now button above and complete the short form. A paramedical person will call you at your convenience to collect your medical history. We’ll email you the policy once it’s issued. It’s fast, it’s easy, and there’s no agent visit. There’s no cost to apply and you may cancel at any time. Premiums will never be lower.
If you prefer to speak to The Term Guy by phone, just call our term hotline at (866) 779-1499. We are available Monday to Friday from 9:00 am to 5:00 pm EST. We can answer all your questions and complete the application form, no agent visit required.
A great blend of in-person, online, and phone, you can book a zoom call with The Term Guy. We will answer all your questions, provide any necessary advice and product information, and can take your application right over the call.
225 Eby CrescentNew Hamburg, Ontario N3A 1Y9
Policies are underwritten by Wawanesa Life Insurance, a Canadian life insurance company rated A Excellent.
The Term Guy is a licensed life insurance agency serving residents of Ontario (Lic #37992M), British Columbia (Lic. #LIC-2021-0030559-R02), and Alberta (Lic. #5-11247944-2021).