Who are we?
The Term Guy is a Canadian licensed life insurance broker who's been providing life insurance services to Canadians, online, since 2006.
We offer some of the lowest premiums on the best term life insurance coverage in Canada. Run a quote now and compare policies to see how inexpensive protecting your family can be.
Get started"I appreciate The Term Guy's hard work researching not only the best quotes but explaining the benefits of each company, how they best suit my personal needs and the needs of my family. Their ongoing advice has helped me choose the policy that I need and am comfortable paying."
Jason H.
Nova Scotia
"They walked me through the whole process, helped me pick out the policies that would best suit our family and spent hours going over each point of the proposals. Even now, two years later, they still give me the same level of attention that The Term Guy did when we first met. There is no one else that I would recommend."
Christina H.
Ottawa, ON
"I saw The Term Guy's site and took a chance. I am a pilot and life insurance can be tricky and quite expensive. They worked hard and diligently in getting me the best quote over just a few weeks, saving me over 75% a month on what I was quoted from another company."
Randi M.
Calgary, AB
"I appreciate you taking care of everything and making it easy for me to understand the process and for your patience with all my questions. I realize how relieved I feel knowing that if anything ever happened to me, my family would be ok financially."
Donna D.
Cambridge, ON
Calculate how much life insurance your family needs using this calculator.
How Much Insurance CalculatorConfused by the types? Find out what really differentiates the types of life insurance.
Best TypesCompare premiums of course - but also compare policy features and companies to find the best overall policy.
Get a QuoteThe Term Guy is a Canadian licensed life insurance broker who's been providing life insurance services to Canadians, online, since 2006.
The term guy compares premiums AND benefits. Make sure you have the best term life insurance coverage at the best price.
Renewable term policies maintain coverage past the end of the term, so your coverage doesn't simply end at the end of the term. This feature is vital as it gives you time to consider your life insurance options 10,20 or 30 years in the future. Policies that are not renewable simply end abruptly (and often unexpectedly) at the end of the term.
The convertible option allows you to exchange part or all of your term for permanent life insurance, without a medical exam. This feature is vital as it allows you to lock in lifetime life insurance if you become uninsurable during your initial term policy. Where possible, make sure that the final conversion age extends past the initial term (i.e. if you're 46 with a 20 year term, you want a conversion option to at least age 66). Conversion is generally done at the end of the initial term so ensuring that the option is still available then is important.
Once your policy is issued, your premiums are guaranteed for as long as you choose to keep the policy.
The exchange option allows you to switch from one term, to a longer term, without a medical exam. This benefit allows you to choose a shorter (and thus more inexpensive) term initially, then switch out to your preferred, longer term later. Exchange options are generally available starting after the first policy year and cease at the end of the 5th policy year (years 1-5). Some policies provide for the exchange option to start immediately (years 0-5). e.g. With Wawanesa, you can purchase a term 10 initially (at lower premiums) then use the exchange option to switch to a term 20 prior to your next birthday and the subsequent age-related premium increase.
If you experience limited mortality (generally less than one year), this benefit allows you to access a portion of your death benefits as a loan, while still alive. Funds from the ADB benefit can be used however you wish, without restriction.
Let us show you how you can save up to 40% on term 20 and term 30 premiums until your next birthday! Find out how Term Stacking works and can save you even more on your term life insurance premiums - call now.
