The average monthly cost of life insurance in Manitoba is between $15 and $100, based on the Canadian average. For many Canadians, their insurance costs less than their monthly cellphone bill! Gather life insurance quotes from different insurers (e.g., a licensed insurance agent or insurance companies) to get the best deal before buying a policy.
Your monthly rate will depend on a range of factors, such as your age, gender, existence of a health condition, policy length, and policy amount. Getting term insurance (instead of permanent) will also help you get lower rates. Also, the younger you are, the lower your life insurance rate premium will probably be. So we recommend getting life insurance sooner than later.