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Term Life Insurance in Canada Made Easy!

Shopping for life insurance has never been simpler

Lower Monthly Premiums

TermCanada gives you access to professional grade software to compare Canadian life insurance policies and prices. You can now use the same software life insurance brokers use to research the market for the best rates.

Easy to Compare

Eliminate uncertainty when purchasing life and mortgage life insurance. Feel safe and secure with affordable protection at the best price for you and your family. Life insurance has never been easier or more economical.

Best Life Insurance Quotes

TermCanada’s portfolio of rates comes from Canada’s best and most stable life insurance companies. Our numbers are continually updated to provide you with information about the best term life insurance in Canada. 

TermCanada is rated 4.7 out of 5 stars on Feefo, based on 81 verified Canadian reviews. Trusted by thousands, we make it easy to compare term life insurance quotes in Canada—fast, secure, and pressure-free.

4.7/5       81 Reviews

“Loved how easy it was to compare and customize the policy coverage amount.”

Mike Chapman

March 2022

Why Life Insurance Matters

Term life insurance in Canada provides families with a straightforward and affordable way to secure their financial future. Whether you’re planning for a home purchase, raising kids, or simply preparing for the unexpected, term coverage provides financial protection when it matters most.

It’s peace of mind, made easy. 

Benefits

Mobile view of TermCanada’s website for comparing term life insurance quotes in Canada.

Term Canada is a Phone Call Away

Got 3 minutes and a phone? That’s all it takes to get started.

At TermCanada, we aim to make applying for life insurance as simple, fast, and as stress-free as possible! We work with you one-on-one to complete any & all forms together. There’s no pressure – just real help & advice from Chris Funnell, a veteran in the life insurance industry.

Book a FREE Consultation Now

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Discuss your health and life insurance goals with Term Canada
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Submit your application!

Frequently Asked Questions

Think of terms like a gym subscription—but for your peace of mind.

Quick rule of thumb? Around 10x your annual salary.
Why so much? Because the money helps your family cover debts, living expenses, and the kids’ education. It gives them breathing room while they regroup from a tragic loss. 

All the companies we work with are A-rated, meaning they are reputable, solid, and regulated. If you want term life insurance in Canada, choosing the right company is where the real effort begins. What works for one person may not work for another. That’s why having an independent life insurance agent in your corner is essential. We will ensure that you get the best coverage at the most competitive rate.

Easy-peasy—no door-to-door salespeople, we promise! 
You’ll chat with us via phone or Zoom and fill out an e-application (or a secure PDF).
Sometimes, yes, but often, no—especially if:
Absolutely not! You’re never under any obligation. After the insurance company reviews your application, they’ll return with an offer. You’ll get to:
Only when you’re happy does the policy start.

Congrats—you outlived your coverage! 🎉

When your Term-10, Term-20, or longer policy ends, you’ll have these options:

Term life = Provides coverage for a set period, with lower premiums and simple protection. 

Whole life = Offers lifelong coverage, higher premiums, and builds cash value over time.

Term life insurance in Canada works for most people most of the time.  It provides pure protection at a great price for the times you need it the most! 

You sure can! All policies come with a 10-day free look period. If you decide it’s not for you, cancel with zero penalty.

Even after that, you can cancel anytime with no penalty – you are always in the driver’s seat. 

Yes! In Canada, life insurance payouts are tax-free to your beneficiaries.

They’ll receive the full amount—no deductions, no surprises.

In many cases, yes! 

We work with multiple insurers, so we can match you with one that is most flexible regarding your health history.

We’ve helped people with diabetes, high blood pressure, and cancer survivors.

And to be honest, people are usually healthier than they think.

It depends—but typically:

Yes—and it’s one of the most essential steps.

Your beneficiary is the person (or people) who receives the payout if something happens to you.

You can even name a charity or set up a trust—we can help with the details.

Yep.

It’s about protecting your loved ones with affordable, no-nonsense coverage.

No gimmicks. No fluff. Just thoughtful planning that fits your life and budget! 

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Subscribe to the Term Canada newsletter for expert tips, updates on life insurance options, and smart strategies to help you protect what matters most. Whether you’re planning for the future or reviewing your current coverage, we’ll keep you in the know—without the spam. 

✅ No pressure. Just practical advice.
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