Term Life Insurance+

Term Life Insurance+

The word “term” here is significant. It designates the duration of this type of insurance contract. It includes a guaranteed renewal clause. It is renewable at the end of the contract’s duration/term which is generally calculated in five year segments or 5, 10, 15, 20, 25, 30 or 35 years. Moreover, the amount of the premiums is revised upwards as the end of the chosen term nears.

This product is ideal for business people, single persons, couples or young families. It provides coverage for projects over a specified term, while offering protection for the holders and the people around them, at the lowest cost possible.  This product is often used to cover a mortgage, a loan or a credit margin.

It should be noted that term life insurance is not usually offered to people aged 75 and over, but this may vary depending on the insurance company. It is therefore essential to shop around before making a decision.

The benefits:

  • It is affordable.
  • It has a guaranteed renewal clause.
  • It can be converted into permanent life insurance without proof of insurability (medical exam or other), generally before the age of 65 or 70, depending on the institution.

The disadvantage:

The premiums increase significantly with each renewal, or at the end of the chosen term.

ONLINE PURCHASE!


Did you know that it is now possible to obtain
a life insurance online, without a broker?

Fill out a quote request here or by calling us at 1-844-285-5007
Everything will be settled under 30 minutes.


Free service.

3 LITTLE steps will make you save BIG!

(File opened within 30 minutes, during our business hours)

1

I fill out the online quote form

2

I let the quote comparator come up with the best rate

Only takes a few minutes

3

Within the next few minutes, I receive an email with the best quote available

And I save!

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The best price is offered by Desjardins, banks and life insurance companies. It is guaranteed!
Since 2001, Meilleure Assurance Vie has been an independent premium comparator, and we do not encourage any particular financial institution.
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Find out what our customers think
Thank you for your help! I found a better rate with you since Caisse Populaire Desjardins wanted to charge me an additional $21 per month.
- Y. Bureau Bécancour, June 2014
Thanks to you, I'm saving $440 annually and even obtained an additional $45 000 for my life insurance!
- P.F. Desgagné Trois-Rivières, May 2014
It was so simple to shop on this site and quickly obtain the best rates. Thank you for saving me money!
- G. Boisvert Gatineau, October 2011
I enjoyed the simplicity and how easy it was.
- Rino Belzile Montreal, September 2013
Find out what our customers think
Thank you for your help! I found a better rate with you since Caisse Populaire Desjardins wanted to charge me an additional $21 per month.
- Y. Bureau Bécancour, June 2014

Don’t know where to start?

Analyze your life insurance needs with this short questionnaire.