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PolicyMe's Family-First Features:
Royal Bank of Canada
$41.00/mo
BMO
$43.65/mo
Sun Life
$49.50/mo
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Compare term life insurance quotes, at a quick glance

Who has the most affordable life insurance rates in Canada? See the table below for a comparison of life insurance quotes.

What's your gender?

Age
SunLife
BMO
Manulife
PolicyMe
25
35
45
30
40
50
55
$14.52
$21.05
$49.95
$80.17
$31.40
$16.49
$14.78
$37.35
$18.90
$16.20
$18.45
$19.80
$23.40
$35.10
$55.35
$95.40
$20.25
$27.00
$60.30
$105.75
$18.26
$18.96
$21.56
$27.85
$38.23
$58.12
$101.01
$23.40
Age
SunLife
BMO
Manulife
PolicyMe
25
35
45
30
40
50
55
$20.54
$29.31
$72.78
$119.74
$44.94
$21.74
$20.54
$55.80
$27.00
$25.65
$26.10
$27.45
$32.85
$49.50
$77.85
$135.00
$27.00
$35.23
$84.60
$143.55
$26.07
$26.30
$27.71
$37.35
$53.77
$83.95
$143.30
$28.35
Estimated monthly rates for anon-smoker, $500,000 in coverage over 10 years

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How much life insurance coverage do I need?

​​Most Canadians only need coverage for the years when their dependents need it most; like when their kids are young, or while they’re paying off large debts.
Life insurance is a tool for the financial security of your family. For example, you might want a death benefit to cover your kids’ early years and education, supplement your partner’s income until their retirement and mortgage payments.

What term policy length should I get?

The best term policy length for you will depend on your personal need for a financial safety net for your loved ones. The lump-sum payment (or death benefit) is used to shield your family from financial hardship during a difficult time.
Your coverage needs will change over time, which is why term life insurance policies work best. Term coverage is typically available for 10, 20, or 30 years, which you would ideally line up with your financial obligations.

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Online life insurance quote for Canadian families

Life insurance is more affordable than you think

Cutting out the unnecessary steps in the process doesn’t just make getting life insurance easier — it makes it more affordable.
We’ve streamlined the traditional process, offering you some of the lowest rates for term policies in Canada. The result? You get the protection you need and at a price that you can afford.
Affordable life insurance quotes for parents in Canada

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